London-based financial powerhouse app Curve secured £58M (roughly €67M) in a Series C extension round on Thursday, bringing its Series C funding to over £133M.
Britannia, IDC Ventures, Cercano Management, Cohen Circle, Outward VC, and other stockholders participated in the extension.
Curve plans to utilize the capital to improve customer experience, expand Flex products, and form new collaborations.
The UK fintech business has raised £208M in equity investment and reached millions of users worldwide with its product and unique relationships with Samsung, Mastercard, Huawei, Swatch, and other top brands.
“We are extremely pleased with the interest we received in our Series C extension round and the support we received from our existing shareholders,” says Curve founder and CEO Shachar Bialick.
It shows our team’s performance, product strength, and business overall. As with each raise, this latest one requires our shareholders and customers to execute effectively to grow a great product and business. Investors, partners, and customers naturally gravitate toward Curve’s unique, user-friendly, and innovative product. With this extra funding, we hope to help more people become financially independent, says Bialick.
Curve: Super financial app
In 2015, Shachar Bialick founded Curve, an over-the-top banking platform that lets clients combine various cards into one smart card and app.
The fintech startup offers a one-stop shop for all financial needs to simplify consumers’ financial lives.
One smart card and app provide access to many financial products and services.
Curve supports Mastercard, Visa, and Diners Club.
Curve UK Limited, registered and regulated by the Financial Conduct Authority, issues the Curve Card and E-money in the UK.
The UK firm’s new Launchpad interface aids financial marketplace growth. Select third-party developers can integrate their financial products and services into Curve.
What investors say
“Curve isn’t just aggregating funding sources into one credit card; they’re revolutionising how we perceive and access our money,” says IDC Ventures co-founder and Managing Director Bobby Aitkenhead.
“Our conviction in Curve grew substantially upon witnessing its founder’s remarkable capabilities and proven history and the team he built around him,” says Aitkenhead.
“We’re excited about Curve’s potential to be a payments super app and change how consumers use cards and credit as part of a holistic payment methodology. Daniel Cohen, co-founder of Cohen Circle, believes it keeps growing and offering exceptional value.
