Unlike digital challenger banks such as Revolut and Monzo, which offer checking accounts via an app, Curve combines all of a customer s debit and credit cards into one platform and a linked smart card they can use for payments. The firm s app has a feature called Go Back in Time that lets users change the account they paid with after making a transaction.
Curve s latest funding round, its Series C, was led by IDC Ventures, Fuel Venture Capital and Vulcan Capital, the investment house of late Microsoft co-founder Paul Allen. American lender OneMain Financial and Novum Capital also invested. Despite the challenges Covid created for many businesses, we ve seen great growth and are delivering on many of our targets, Curve CEO and founder Shachar Bialick told CNBC in an interview.
Curve, the London-based fintech that combines multiple cards and accounts into one smart card and an app, has secured a Series C funding round of $95 million. The financing was led by IDC Ventures, Fuel Venture Capital and Vulcan Capital (the investment arm of the estate of Microsoft co-founder and philanthropist Paul G. Allen), with […]
Curve Closes $95m in Equity as it Plans US Launch
The banking platform will launch in the US and further its European reach in 2021
Curve, the London-based fintech that combines multiple cards and accounts into one smart card and even smarter app, today announces it has secured $95 million from a leading group of international investors as part of a successful Series C round.
Curve will deploy the investment to expand internationally, including to the US, and to deepen its European reach. Curve will also use the fresh funding to drive ongoing product innovation, notably of Curve Credit in early 2021. The fundraise will allow Curve to execute an ambitious strategy to become the leading financial superapp, bringing all your finances into one place.