FinTech Curve lands $95 million in equity and eyes US launch
London-based PayTech venture Curve has announced a $95 million Series C round.
This 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 participation from OneMain Financial, the US personal finance company, and Novum Capital.
The fundraise brings the total investment in Curve to almost $175 million.
The venture, which has developed a platform that consolidates several cards and accounts into one “smart” card and app, will use the cash to expand internationally, including to the US, and to deepen its European reach.
It will also boost product innovation, including its Curve Credit offering in early 2021.
Bobby Aitkenhead, Managing Partner, IDC Ventures, says: “Curve’s pioneering approach to finance is more necessary than ever as we accelerate globally to a digital-first world.”
“We are proud to support them as they bring their much needed seamless banking experience to the United States in 2021. Ever since we first invested in Curve in 2019, Shachar Bialick and his team have inspired us with their energy and vision of an all-in-one banking platform.”
He concludes: “We forward to scaling this journey to greater heights in 2021, reaching more people, with more products in more regions.”
