K
Klover
Leverages important assets and data to level the financial playing field
About Klover
Klover is a financial technology startup that operates in the payday advance market. Its primary offering is a mobile application that provides users with short-term cash advances of up to $200. This service is designed to help individuals who may need immediate access to funds before their next paycheck arrives. The company's target clientele includes individuals who may be living paycheck to paycheck or those who encounter unexpected expenses.
One of the key differentiators of Klover's business model is its zero-interest policy. Unlike traditional payday lenders who often charge high interest rates and late fees, Klover offers its cash advances with no interest or late fees. This makes the service more affordable and accessible to a wider range of consumers.
Klover's revenue model is not explicitly stated, but it is likely that the company makes money through a subscription model or by charging a small fee for its service. The company's value proposition is its ability to provide instant financial relief to its users, as evidenced by the testimonials on its website.
In summary, Klover is a fintech startup that provides short-term, interest-free cash advances to individuals in need. Its business model is centered around accessibility and affordability, making it a potential disruptor in the payday lending market.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2019
- Headquarters
- Chicago, United States
- Employees
- 192
- Open positions
- None listed
- Dealroom signal
- 88.3/100
- Industry
- Fintech
- Sub-industry
- Payments
- Sector
- Fintech, On Demand Pay, financial inclusion
- Business model
- Marketplace & ecommerce
- Client focus
- b2c
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES BOther financing | Nov 2022 | $25M | $300M | Silicon Valley Bank · Mercato Partners · Core Innovation Capital · Starting Line Capital | ↗ |
| SERIES AOther financing | Aug 2021 | $60M | $240M | Mercato Partners · Core Innovation Capital · Lightbank · Starting Line Capital | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Klover is 200K monthly website visits, up 156.4% over the last three months. Klover's team grew 3.8% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed3 investors entered at this stage
Core Innovation Capital
Starting Line Capital
Motivate Ventures
Series A3 investors entered at this stage
Lightbank
Mercato Partners
Silicon Valley Bank
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Klover on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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