Curve raises additional £58m, brings its Series C funding to £133m
By Gloria Methri
Curve, the financial super app, has raised an additional £58 million extension of its Series C round, bringing its funding total to over £133 million. The extension round saw participation from Britannia, IDC Ventures, Cercano Management (the venture arm of Microsoft co-founder and philanthropist Paul G. Allen’s estate), Cohen Circle, Outward VC, and other existing shareholders.
The new funds will be used to improve the overall customer experience, expand its Flex offerings, and bring new partnerships to the market.
“We are extremely pleased with the interest we received in our Series C extension round and the support we received from our existing shareholders,” said Shachar Bialick, founder and CEO of Curve. “It is a testament to the execution of our team, the strength of our product, and the business as a whole. Curve’s unique, user-friendly, and innovative product is something that investors, partners, and customers alike are drawn to naturally, and with this additional cash, we look forward to bringing more people closer to financial independence.”
“Curve isn’t just aggregating funding sources into one credit card, they are revolutionising how we perceive and access our money,” said Bobby Aitkenhead, co-founder and Managing Director at IDC Ventures. “Thanks to their unique technology and Layer 3 (OTT) approach, they have the capability to intercept the transaction and supercharge the customer experience, with its Double Dip Rewards, or eliminate nasty hidden fees. Our conviction in Curve grew substantially upon witnessing the remarkable capabilities and proven history of its founder and the team he built around him.”
Daniel Cohen, Co-Founder, Cohen Circle said, “We are so excited about Curve and its potential to be a payments super app, as well as its ability to change the way consumers treat their cards and credit as part of a holistic payment methodology. It continues to build and provide its users with great value.”
To date, Curve has raised £208 million in equity investment and has reached millions of customers with its product and partnerships with Samsung, Mastercard, Huawei, Swatch, and many other leading brands.
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