About Adro
Adro is a company based in New York (United States) founded in 2024 by Sara Schmitt, Amarildo Gjondrekaj, and Kevin Dearmond was acquired by Snowball in October 2025.. Adro has raised $2 million across 2 funding rounds from investors including New York State, Era and Ex Nihilo Ventures. Adro operates in a competitive market with competitors including Zolve, Nomad, CAURI Money, Emigre and Aeldra, among others.
- Headquarter New York, United States
- Founders Sara Schmitt, Amarildo Gjondrekaj, Kevin Dearmond
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Adrocard, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2 M (USD)
in 2 rounds
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Latest Funding Round
$500 K (USD), Seed
Mar 26, 2025
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Investors
New York State
& 4 more
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Employee Count
Employee Count
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Acquired by
Snowball
(Oct 24, 2025)
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Funding Insights of Adro
Adro has successfully raised a total of $2M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $500 thousand completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $500,000
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First Round
First Round
(10 Apr 2024)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Seed - Adro | Valuation |
investors |
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| Apr, 2024 | Amount | Seed - Adro | Valuation | Era |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Adro
Adro has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include New York State, Era and Ex Nihilo Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Era is engaged in multi-strategy investment management for technology sectors.
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Founded Year | Domain | Location | |
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Provides the information about government agencies in New York
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Adro
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Adro
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Adro Comparisons
Competitors of Adro
Adro operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zolve, Nomad, CAURI Money, Emigre and Aeldra, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial services including credit cards and loans are provided by Zolve.
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| domain | founded_year | HQ Location |
Digital banking services for individuals are offered by Nomad.
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| domain | founded_year | HQ Location |
Developer of a digital bank for ex-pats
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| domain | founded_year | HQ Location |
Provides platform for NRIs in US to open accounts, send remittances, and invest in India.
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| domain | founded_year | HQ Location |
Operates as a digital bank for individuals, investors, and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Adro
When was Adro founded?
Adro was founded in 2024.
Where is Adro located?
Adro is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Adro?
Amarildo Gjondrekaj is the current CEO of Adro. They have also founded this company.
Is Adro a funded company?
Adro is a funded company, having raised a total of $2M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Apr 10, 2024.
What does Adro do?
Adro was founded in 2024 and is based in New York, United States. Operations focus on the financial services sector, where checking and savings accounts, credit cards, and payment processing solutions are provided to international individuals and businesses. Access to US dollar accounts and transactions is facilitated for non-US residents. Assistance with US business setup, including identification numbers, is offered. All banking services are delivered through a partner bank.
Who are the top competitors of Adro?
Adro's top competitors include Zolve, Nomad and CAURI Money.
Who are Adro's investors?
Adro has 5 investors. Key investors include New York State, Era, Ex Nihilo Ventures, Cornell Tech Syndicate, and Snowball.
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