About Klover
Klover is a company based in Chicago (United States) founded in 2019 by Jason Westra. It operates as a FinTech and Data-as-a-Service. Klover has raised $89.25 million across 4 funding rounds from investors including SVB, Mercato Partners and Lightbank. Klover offers products and services including Cash Advance and Budget Tools. Klover operates in a competitive market with competitors including FloatMe, Fig Loans, Instant Cash Advance Loan App, CashNetUSA and Better Financial Corporation, among others.
- Headquarter Chicago, United States
- Founders Jason Westra
- SectorsFinancial Services
- Email••••••••
- Website joinklover.com
- Social LinkedIn
- Total Equity Funding$89.25M (USD)
in 4 rounds
- Latest Funding Round$25M (USD), Series B
Nov 2022
- InvestorsSVB
& 5 more
Products & Services of Klover
Klover offers a comprehensive portfolio of products and services, including Cash Advance and Budget Tools.
Cash advances up to $200 are provided without interest.
Personalized tools for budgeting and financial management are offered.
Funding Insights of Klover
Klover has successfully raised a total of $89.25M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in November 2022. 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 $89.25M
- Total Rounds 4
- Last Round Series B — $25M
- First Round $1M
(Jun 2019)
- Investors Count 6
All 4 funding rounds of Klover 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 |
|---|---|---|---|---|---|
| Nov 2022 | $25M | Series B | – | Mercato Partners | |
| Aug 2021 | $60M | Series A | – | Mercato Partners | |
| Mar 2020 | $3.25M | Series A | – | – | – |
| Jun 2019 | $1M | Seed | – | – | – |
6 investors in total: 6 institutional.
Investors in Klover
Klover has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, Mercato Partners and Lightbank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Growth-stage investments in consumer tech are managed. | 2007 | mercatopartners.com | Cottonwood Heights, United States | |
Tech focused seed & early stage VC firm investing primarily in the US | – | lightbank.com | Chicago, United States | |
Early-stage investments are directed toward consumer brands by this fund. | – | startingline.vc | Chicago, United States | |
Early-stage venture capital fund investing in B2B & B2C startups | – | motivate.vc | Chicago, United States | |
Venture capital investments in fintech and technology for wealth and health. | – | corevc.com | - | |
Banking services are provided to innovative companies, investors, and individuals. | 1983 | svb.com | Santa Clara, United States |
Investor details for Klover
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 Klover
51 people are tracked at Klover (20 in leadership, 31 in team).
| Name | Role | Group |
|---|---|---|
Jason Westra | Co-Founder & CTO | Leadership |
Meredith Guerriero | COO | Leadership |
Brian Mandelbaum | CEO | Leadership |
Karla Bautista | VP Of Customer Experience | Leadership |
Chris Kobayashi | Co-Founder, Senior Engineering Manager | Leadership |
Dmitri Rabinowitz | Director of Site Reliability Engineering | Leadership |
Samantha Mortag | Associate Director, Client Services | Leadership |
Nick Wieczorek | President, Consumer | Leadership |
Claire BeDell | Editorial Director | Leadership |
Dominic Bennett | Co-Founder, CTO | Leadership |
Brandon Ricciardi | Chief Strategy Officer | Leadership |
Joey Kirk | Director Of Product Design, B2c | Leadership |
Pawan Kharbanda | Co-Founder/Director of Technology Strategy | Leadership |
Matthew Tugender | Head Of Audience Strategy | Leadership |
Taylor Perri | Director Of Human Resources | Leadership |
Timothy Ghosh | Chief Financial Officer | Leadership |
Jeff Zifrony | Vp, Strategy | Leadership |
Kenny McGarvey | Senior Director Of Engineering | Leadership |
Karen DiMaria | Director of Executive Operations | Leadership |
Emma Southard | Director Of Sales | Leadership |
31 more people are available in the full profile.
Complete people profiles for Klover
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 Klover
3 dated milestones of Klover across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Klover is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Series B, of $25.0M.
Competitors of Klover
Klover 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 FloatMe, Fig Loans, Instant Cash Advance Loan App, CashNetUSA and Better Financial Corporation, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| floatme.com | 2018 | San Antonio, United States | $20.18M | 39 | Online platform for cash advance loans | |
| figloans.com | 2014 | Houston, United States | $4.73M | – | Short-term loans of $300 to $750 are extended to individuals. | |
| moneyborrowing.app | 2021 | Glendale, United States | – | – | Provides quick online loans via app for emergency financial needs with bad credit. | |
| cashnetusa.com | 2004 | Chicago, United States | – | – | Cash advance loans are provided online to consumers in need. | |
| betterfinancial.xyz | 2020 | Brooklyn, United States | $125,000 | – | Online platform for instant cash advancesand credit building | |
| mrlender.com | 2009 | Essex, United States | – | 157 | Operates as a payday lender providing short-term loans. | |
| liftcredit.com | 2013 | Provo, United States | – | – | Platform for installment loans |
Detailed competitors of Klover
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 Klover
The website of Klover (joinklover.com) receives about 75K visits a month.
- Monthly visits75K
▲ 14% vs previous month
Websites whose visitors overlap most with Klover. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
thinksaveretire.com | thinksaveretire.com | 100% | – | #1,351,704 | – |
kloverup.com | kloverup.com | 39% | – | #1,443,300 | – |
| google.com | 32% | 85.8B | #1 | View details |
Latest news on Klover
Complete news archive for Klover
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 Klover
10 companies that operate in the same segment as Klover (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 726 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 5,000 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 349.23 M | USD 106.45 M | 1,749 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | – | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Digital lending and instant credit lines are provided to individuals. | 2016 | Gurugram, Haryana, India | USD 115 M | USD 18.69 M | 81 | |
Personal loans and lines of credit are provided by Mogo. | 2008 | Vancouver, British Columbia, Canada | – | USD 49.45 M | – |
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Frequently Asked Questions about Klover
Klover was founded in 2019.
Klover is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Klover is a funded company, having raised a total of $89.25M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Jun 2019.
Cash advances up to 200 without interest or fees are offered by Klover. Personalized financial tools for budgeting, spending, and saving goals are provided. User data is leveraged to enable immediate advances while ensuring anonymity and security through military-grade encryption. The service operates in the personal finance sector, focusing on financial freedom for users.
Klover's top competitors include FloatMe, Fig Loans and CashNetUSA.
Klover offers Cash Advance and Budget Tools.
Klover has 6 investors. Key investors include SVB, Mercato Partners, Lightbank, Starting Line, and Motivate Venture Capital.