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
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website joinadro.com
- Social LinkedIn
- Acquired by Snowball (Oct 2025)
- Legal Name Adrocard, Inc.
- Total Equity Funding$2M (USD)
in 2 rounds
- Latest Funding Round$500K (USD), Seed
Mar 2025
- InvestorsNew York State
& 4 more
- Acquired bySnowball
(Oct 2025)
Apps and channels of Adro
Adro publishes 2 mobile apps with over 1K+ downloads.
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 $2M
- Total Rounds 2
- Last Round Seed — $500,000
- First Round $1.5M
(Apr 2024)
- Investors Count 4
All 2 funding rounds of Adro with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2025 | $500,000 | Seed | – | – | |
| Apr 2024 | $1.5M | Seed | – | Era |
5 investors in total: 5 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Era is engaged in multi-strategy investment management for technology sectors. | – | erafunds.com | New York, United States | |
Provides the information about government agencies in New York | – | ny.gov | United States | |
- | – | cornelltechsyndicate.tcc.mode | - | |
- | – | exnihiloventures.tcc.mode | - | |
- | – | snowball.com | - |
Investor details for Adro
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Adro
4 people are tracked at Adro (4 in leadership).
| Name | Role | Group |
|---|---|---|
Sara Schmitt | Co-Founder & COO | Leadership |
Amarildo Gjondrekaj | Co-Founder & CEO | Leadership |
Kevin Dearmond | Co-Founder & CTO | Leadership |
Katherine Wong Too Yen | Director Of Marketing | Leadership |
Complete people profiles for Adro
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Adro
4 dated milestones of Adro across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Adro is founded.
- Funding First funding round of $1.5M.
- Funding Latest funding round, Seed, of $500K.
- Exit Acquired by Snowball.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zolve.com | 2020 | New York, United States | $106M | 133 | Financial services including credit cards and loans are provided by Zolve. | |
| nomadglobal.com | 2019 | Menlo Park, United States | $113M | – | Digital banking services for individuals are offered by Nomad. | |
| cauri.money | 2021 | United States | – | – | Developer of a digital bank for ex-pats | |
| emigre.us | 2021 | Sunnyvale, United States | $125,000 | – | Provides platform for NRIs in US to open accounts, send remittances, and invest in India. | |
| aeldra.com | 2019 | Palo Alto, United States | $3M | – | Operates as a digital bank for individuals, investors, and businesses. | |
| tellerone.co | 2021 | New Castle, United States | – | – | Online banking services are delivered via a digital platform. | |
| wciobs.org | 1987 | Belview, United States | – | – | Provides banking for businesses, agriculture, and individuals through online platforms. |
Detailed competitors of Adro
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Adro
The website of Adro (joinadro.com) receives about 22.4K visits a month.
- Monthly visits22.4K
▲ 16.9% vs previous month
Latest news on Adro
Complete news archive for Adro
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Adro
10 companies that operate in the same segment as Adro (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Frequently Asked Questions about Adro
Adro was founded in 2024.
Adro is headquartered in New York, United States. It is registered at New York, New York, United States.
Amarildo Gjondrekaj is the current CEO of Adro. They have also founded this 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 2024.
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.
Adro's top competitors include Zolve, Nomad and CAURI Money.
Adro has 5 investors. Key investors include New York State, Era, Ex Nihilo Ventures, Cornell Tech Syndicate, and Snowball.
Adro operates through Adrocard, Inc..
Yes. Adro was acquired by Snowball in October 2025.
Yes. Adro publishes Adro and 1 more app, with over 1,000 downloads.