Fully licensed digital bank Kroo has announced that it has entered a forward flow funding arrangement with specialist lender 9Y Capital to support its continued growth across the UK property market.
Under the agreement, Kroo will fund a portion of 9Y's future bridge and refurbishment loan originations through an ongoing forward flow structure, creating a long-term funding partnership between the two businesses. Founded in 2023 by Stephen Johnson and Karen Bennett, 9Y has built a strong reputation in the sector for flexible, responsive lending to experienced property investors and developers.
"This partnership with 9Y reflects Kroo Bank's strategy to expand our lending offering for customers through carefully selected partnerships," said Veronika Lovett, chief executive officer at Kroo Bank.
"The 9Y team have an excellent track record in specialist property finance, and we're proud to support their next phase of growth with stable, long-term funding. As Kroo continues to scale, partnerships like this strengthen our ability to deploy capital into established sectors, supporting experienced lenders in delivering strong outcomes for borrowers across the UK."
"We're delighted to partner with Kroo Bank on this forward flow arrangement," said Stephen Johnson, managing director and co-founder at 9Y Capital. "Kroo's flexibility and pace as a digital bank make them a natural fit for how we work with our own clients. Concluding our fifth institutional funding arrangement is a great milestone for the team, and we're excited about the opportunities the long-term relationship with Kroo provides as we continue to invest in scaling the business."
The transaction marks another step in Kroo Bank's broader strategy to diversify its lending activities alongside continued growth in its retail banking products.
