PayTech venture Curve breaks crowdfunding records

London-based FinTech Curve has become the fastest startup to reach £4 million on Crowdcube following the launch of its crowdfunding campaign - reaching that figure in 42 minutes.

The venture, whose platform consolidates several cards and accounts into one smart card and app, initially planned to raise £1 million, but hit that target in under five minutes; current funding in the round has just now surpassed the £5 million mark.

Curve has also broken records for the number of investors investing in a campaign through the Crowdcube platform, beating the previous record holder Chip who had around 6,500 investors.

Shachar Bialick, Founder and CEO, Curve, says: “Our customers are the beating heart of Curve and the unprecedented success of our first ever funding round demonstrates their faith in the business and shows the world that people are ready for a revolution in finance. We have been blown away by this record breaking investment and we are delighted to welcome them onboard our mission to move banking to the cloud and change the world of finance forever.”

The crowdfunding announcement comes amid various new product launches. These include Curve Cash which gives customers unlimited 1% instant cashback at the likes of Amazon, Uber, Spotify, Netflix, Tesco and Sainsbury’s.