Digital banking startup smashes Crowdcube records with £4m raised in minutes

Curve has broken records by raising £4m minutes after launching its first ever crowdfunding campaign on Crowdcube.

This has made the banking platform, which consolidates multiple cards and accounts into a card and app, the fastest startup to reach the figure in history.

In August, Curve announced plans to launch a seven-figure crowdfunding campaign for early September, with plans to raise £1m.

Around 40 minutes after launching to pre-registered customers, Curve had raised four times that figure, breaking records in the process. The current overfunding amount stands at £5m.

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 of Curve, said: “[Our] customers are the beating heart of Curve. 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 from the Curve community and we are delighted to welcome them on board our mission to move banking to the cloud and change the world of finance forever.”

Curve now has over 500,000 customers and employs over 160 people across its offices in London and Bristol. It has raised over £60m to date since it first came on to the fintech scene in 2018.

Luke Lang, co-founder of Crowdcube, added: “Curve has brilliantly inspired its community with its vision to create a better financial world, its innovative product and ambitious team.

“The impressive level of investment underlines the strong bond Curve has with its community, who clearly believe in the company and I’m sure will help supercharge its next phase of growth.”

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