Klover secures USD 60 mln in Series A funding

Friday 13 August 2021 12:54 CET | News

Klover has closed USD 60 million in new funding.

As part of this, Mercato Partners Traverse Fund led the Series A with participation from new and existing investors including Lightbank, Core Innovation Capital, and Starting Line. With this financing, Klover will expand the sales, marketing, engineering and product teams, grow their 1.5 million user base, and broaden the services and value to their consumers.

Klover provides access to app-based, low-cost/no-cost financial services. Rather than being built on consumer fees like many financial institutions, Klover's business model revolves around leveraging data and insights with trusted partners such as Wayfair, DoorDash, and GoodRx.

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Keywords: data, fintech, funding
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech

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