Kroo: Taps Clearbank for access to payment schemes

Kroo: Taps Clearbank for access to payment schemes

• Kroo currently operates a Debit MasterCard for existing customers. This is an e-money debit card, not a bank current account
• ClearBank is the UK’s first new clearing bank in more than 250 years
• Recently secured a full UK banking license, and ClearBank will continue to support its mission
• Began as an Electronic Money distributor providing a digital-only prepaid card
• ClearBank has worked with for the duration of its journey towards becoming a fully regulated bank
• This approach eases one of the burdens of banking license applications by confirming to regulators