Curve, the financial super app that consolidates multiple credit and debit cards into one card and app, has announced an extension of its Series C funding round, raising an additional £58 million. This brings the total funding for its Series C round to over £133 million.
The extension round saw participation from various investors, including Britannia, IDC Ventures, Cercano Management (the venture arm of Microsoft co-founder Paul G. Allen’s estate), Cohen Circle, and Outward VC, among others.
The new funds will be used to enhance the overall customer experience, expand Curve’s Flex offerings, and establish exciting new partnerships in the market. This follows the recent launch of Curve’s new app, which features a marketplace of financial applets.
Curve’s founder and CEO, Shachar Bialick, expressed the company’s commitment to its shareholders and customers, highlighting the goal of building a successful business with a quality product. Bialick also mentioned that Curve’s unique, user-friendly, and innovative product has attracted investors, partners, and customers alike, and with the additional funding, the company aims to bring financial independence to more people.
Curve has experienced significant growth in 2023, with a successful transformation of its business model earlier this year. This has allowed the company to improve its gross margin and focus on scalable and sustainable growth towards profitability.
Since its public launch in 2018, Curve has gained over 4.5 million customers globally. The app offers customers more control over their finances by connecting their financial world into a simple interface, enabling convenience, control, and savings. Customers can eliminate expensive hidden currency conversion fees imposed by banks and access a complete financial picture for better budgeting and maximizing rewards.
To date, Curve has raised £208 million in equity investment and has established partnerships with leading brands such as Samsung, Mastercard, Huawei, Swatch, and others. The company’s unique product and innovative approach have resonated with millions of customers worldwide.
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