FinTech venture Curve announces largest ever equity raise on Crowdcube

PayTech big hitter Curve is laying claim to the largest ever equity raise on Crowdcube.

The raise closed at 15:00 BST yesterday, hitting nearly £10 million in funding from 11,795 investors.

Curve, which has developed a platform that consolidates several cards and accounts into one “smart” card and app, was also the fastest ever company on Crowdcube to bag £6 million, which it did in 2 hours 49 minutes after it went live on 25th May.

🎬That's a wrap on crowdfunding!

£9,882,092 raised
11,795 investors
54 hours

Phew!

We can't thank you all enough.

👏👏🏻👏🏼👏🏽👏🏾 pic.twitter.com/uIjl8MUmPt
— Curve (@imaginecurve) May 27, 2021

The fundraise has also been Crowdcube’s most popular in 2021 and outstrips the total of £6 million it raised during its 2019 crowdfund.

It follows the £132 million Curve has raised in cash and capital commitments to date.

The FinTech will use the cash from crowdfunding and its recent Series C round to focus on international expansion and product innovation.

Shachar Bialick, Founder and CEO, Curve, says: “Ever since our last crowdfund in 2019, our customers have been requesting another opportunity to take a share in Curve.”

“So we launched this campaign to give the public a chance to join us as we embark on the next stage of our exciting journey, when we reveal Curve Credit to the world and launch in the US.”

“We’ve been blown away by the level of interest we’ve seen over the past three days, and I’m so excited to welcome nearly 12,000 investors onboard.”

Luke Lang, Co-founder and CMO, Crowdcube, says: "Hats off to Curve for another landmark raise with Crowdcube, they continue to impress investors with their unique proposition.”

“It’s a really exciting time for their shareholders, both new and existing, to be part of their ongoing success and their mission to shape the future of finance."