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Mercato Partners Traverse Fund Leads Series A Funding For Fintech/Data Disrupter Klover

Aug 12, 2021•almost 4 years ago

Round Type

series a

Salt Lake

Description

Today, Mercato Partners' growth equity fund, Traverse, announced its investment in Chicago-based Klover, which is democratizing access to modern financial services by leveraging consumers' permissioned data. Klover raised $60 million in new funding; 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 aggressively, grow their 1.5 million user base, and broaden the services and value to their consumers.

Company Information

Company

Klover

Location

Salt Lake, Utah, United States

About

Klover's mission is to give access to modern financial services to consumers by leveraging their most valuable asset: their data. Using Klover's platform, millions of consumers can access their earned wages in seconds with no interest, no credit check and no hidden fees. Unlike many financial institutions that rely heavily on consumer fees, Klover's business model revolves around leveraging consumer-permissioned data and insights in concert with trusted partners. Klover was founded in 2019 and is based in Chicago. For more information, visit www.joinklover.com