Based out of London, B-Social is a financial technology company that makes it simple to stay on top of shared expenses. Recently the company has raised £7.8 million (approx €9.1 million) through its latest seed funding round. This brings the total funding amount to £13.25 million (approx €15.5 million).
It’s worth mentioning that the company is planning to re-brand next month to the new name called “Kroo.” B-Social’s mission is to make personal and social finances move at the speed of life.
That’s why they are building an app that intuitively connects your personal finances with its customers’ social world, making it easy for them and their friends to buy, track, and shares the experiences that bring them closer.
As per the company claims, around 9000 users have signed up to B-Social. Furthermore, the UK company is planning to roll out the ability to fund your account via bank transfer.
With the fund, B-Social is planning to double the team in Holborn HQ over the next year. This includes hiring Developers, Product Managers, and Product Designers.
B-Social team stated:
The success of our latest fundraising round has been made possible thanks to our enthusiastic and supportive network of investors. A big thank you to our existing investors who are following-on and to our new investors joining us on our journey. All of our funding to date has been achieved without the support of institutional investors.
Main image credits: B-Social
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