Shachar Bialick, founder and CEO of Curve

London based Fintech startup Curve, a platform that allows to consolidate all bank cards into a single smart card and app, has secured $55 million from a leading group of investors as part of a Series B funding round. This funding has raised the company’s funding value to $67 million. The company is now being valued at a quarter of a billion dollars.

The round is being led by Gauss Ventures, a fintech investor whose team has previously invested in Simudyne, and Traydsream. The combined values of the VC’s previous 3 investments in the London based fintech startups has been reported at $13 million. The Series B round also welcomes other prominent investors such as Creditease, IDC Ventures and further participation from Outward VC (previously Investec’s INVC fund), which has historically backed other fintech category leaders Monese and Bud.

Shachar Bialick, founder and CEO of Curve said, “While the challenger and traditional banks are busy fighting to win or retain new customers, Curve is building an Over-The-Top Banking Platform that provides customers with a better banking experience with no need to change their bank. Curve is playing a completely different ball game, it is not a challenger bank which means that we can focus on creating a radically better customer experience, without asking customers to trust their salaries with us, or the significant overhead of becoming a regulated bank. Receiving this level of investment from such prominent investors is a fantastic endorsement of the value and experience Curve brings to its customers.”

Several of Curve’s early stage investors such as Santander InnoVentures, Breega, Seedcamp and Speedinvest have also shown their confidence in Curve by participating again. Curve has over 150 people in its UK offices in London and Bristol.

by Megha Bhattacharya
Market Analyst at IBS Intelligence