Curve launches new crowdfunding round to boost global expansion

London FinTech Curve launched a new crowdfunding campaign on Crowdcube five months after closing its £72.5m Series C round. 

Its campaign is set to go live later this month as it looks to expand into the US and further penetrate into Europe, as well as launch new product Curve Credit.

Founded in 2015, the company allows users to consolidate all their credit and debit cards into one smart card and app.

It’s not the first time the FinTech firm took to crowdfunding. In 2019 it raised £4m within 42 minutes and since then its valuation has tripled.

Commenting on the new campaign, Curve founder and CEO Shachar Bialick said, “We know many new customers missed out on our 2019 crowdfunding, and we’ve fielded constant requests to open a new round. So I am ecstatic to announce the launch of this crowdfunding campaign.”

In the last year alone Curve has grown all its teams with over 100 new staff and saw its volume of transactions increase by over £1bn to £2.6bn.

The ongoing growth is driven by the Covid-19 pandemic which forced people to use cashless forms of payments. It doubled its customer base to two million after including include Apple Pay, Samsung Pay and Google Pay in its offering for its European customers.

Building on the firm’s plans, Bialick added that, “2020 was a transformational year for Curve, and I believe 2021 will be bigger yet, as we fulfil our mission to build a financial super app.

“With increasing fragmentation in financial services and growing demand from consumers for a simpler way to control and manage their finances, the scene is set for Curve to seize a global opportunity. We are investing in our people and the business to make that happen.”

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