Banking platform set for further US growth with new $95m investment
A London-based fintech has secured multi-million dollar investment as it plans its international expansion.
Card consolidation app Curve has raised $95m Series C funding from a group of international investors.
Banking platform Curve, aims to enable customers to consolidate multiple cards into one card and an app.
This latest funding round 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 US personal finance company OneMain Financial and Novum Capital, and will support the firm’s US expansion.
Shachar Bialick, founder and CEO of Curve, commented: “We are ecstatic that our investors share Curve’s vision to empower as many people as possible to take control of their money and move banking to the cloud.
“This fundraise stands out as an endorsement of Curve’s unique product strategy, the excitement surrounding the debut of Curve Credit, and the upcoming launch of Curve in the US.”
Jeff Ransdell, founding partner and managing director of Fuel Venture Capital, added: “Curve allows customers to stay with their preferred banks while taking advantage of the latest financial technologies, connecting institutions with innovation and building a true ecosystem play.
“Their collaborative model has been immensely successful in Europe and we are confident that it will prove equally so in the US, where physical cards are still dominant.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.