Groov Technology
Latest round
- Seed
Last raised
- Nov 2024
Total raised
- $3.7M
Investors
- 3
About Groov Technology
a. Groov operates as a financial technology company that focuses on providing an embedded lending platform. Groov’s core offering includes a Software as a Service (SaaS) solution that allows businesses to access a variety of lending options from multiple providers via a single application programming interface (API). This platform is tailored to meet the specific needs of diverse client sectors, including SaaS platforms, business banking services, payment services, and marketplaces. Groov employs a transparent revenue model based on a combination of subscription fees for platform usage and flat fees associated with each loan facilitated through its platform. Clients can choose from various pricing plans that cater to different user bases, ranging from startups with fewer than 5,000 users to enterprises with over 5,000 users, ensuring that the pricing flexes in accordance with the organization's size and usage. Additionally, the company plans to target new markets, including further expansion into Europe and North America, by mid-2025.
Who invested in Groov Technology
3 investors across 2 rounds
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Questions about Groov Technology
Who invested in Groov Technology?
Groov Technology has 3 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Groov Technology raised?
Groov Technology has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Groov Technology last raise money?
Groov Technology's most recent round on record is a Seed, in Nov 2024.
What does Groov Technology do?
Groov Technology is a software company.
Where is Groov Technology headquartered?
Groov Technology is headquartered in Edinburgh, UK.
Which VCs invest in companies like Groov Technology?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Balderton Capital and Sofinnova Partners back software companies at Groov Technology's stage. Their profiles are linked below.
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