back Back

Curve secures $95 mn in Series C funding; to accelerate US expansion

By Megha Bhattacharya

January 12, 2021

  • Curve
  • USA
Share

CurveLondon-based FinTech Curve, today, has raised $95 million as a part of its Series C investment round. The 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 OneMain Financial, the US personal finance company, and Novum Capital.

Shachar Bialick, Founder and CEO of Curve, said, “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. I want to thank our partners and shareholders, and the entire team at Curve for their tireless work to thrive throughout 2020.”

The FinTech aims to leverage the funds for accelerating its international expansion including to the US as well as strengthen its position in Europe. It will also utilise the fresh funding for boosting product innovation for Curve Credit in early 2021. The recent fundraiser brings the total investment to almost $175 million.

Bobby Aitkenhead, Managing Partner of IDC Ventures, said, “Curve’s pioneering approach to finance is more necessary than ever as we accelerate globally to a digital-first world. We are proud to support Curve as they bring their much-needed seamless banking experience to the United States in 2021. Ever since we first invested in Curve in 2019, Shachar Bialick and his team have inspired us with their energy and vision of an all-in-one banking platform. IDC Ventures looks forward to scaling this journey to greater heights in 2021, reaching more people, with more products in more regions.”

Recently, FinTech Plaid announced that it has teamed up with Curve in a bid to offer UK customers with a comprehensive knowledge of their finances, spending and ways to improve their overall financial wellbeing. Plaid’s technology is expected to enable the FinTech’s customers to connect their payment accounts to UK-based financial institutions. The UK FinTech will also provide real-time account balances for every linked credit and debit card, which will automatically be refreshed upon signing into the app.

Previous Article

January 12, 2021

Fiserv extends surcharge-free MoneyPass ATM network to Capital One customers

Read More
Next Article

January 12, 2021

Visa promotes Kelly Mahon Tullier to EVP, Chief Legal and Administrative Officer

Read More

IBSi Prime News

astra

December 08, 2021

Curve

Transferring money to the right place at the right time: Interview with Gil Akos, CEO of Astra

Read More
  • Daily insightful news analysis
  • Weekly snapshot of the industry deals, events & insights
  • Sectoral deep dives on the hottest FinTech trends
  • Exclusive interviews featuring c-level executives shaping the industry
  • Profiles of the most influential established and emerging companies in the sector
  • Weekly global FinTech use cases
  • Chart of the Week curated by the IBSi’s Research Team
Subscribe to Prime

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

YES BANK partners with The Fintech Meetup to drive grass root level FinTech

Read More

Today

Cashfree partners with Dvara Solutions to provide digital disbursements

Read More

Today

5Paisa collaborates with Neobank Dinero

Read More

Related Reports

Sales League Table Report 2021

£1,500 / year

Know More
US Financial Services Technology Report 2021

£1,500 / year

Know More
The Future of Digital Banking Report 2021

£1,500 / year

Know More
Wealth Management & Private Banking Systems Report 2021

£1,500 / year

Know More
Treasury and Capital Markets Systems Report 2021

£1,500 / year

Know More