Klover: Raises $60 million
- Klover, which is democratizing access to modern financial services by leveraging consumers’ permissioned data
- As part of this, Mercato Partners Traverse Fund led Series A with participation from new and existing investors including Lightbank
- This financing expand the sales, marketing, engineering, and product teams aggressively, grow their 1.5 million user base
- Founded by a team of ad-tech veterans provides access to app-based, low-cost/no-cost financial services
- Lowering the cost of access now means millions of more under-banked consumers can access financial services
- The company flipped an opaque business-model on its head with their unique blend of consumer data activation
