Curve, a London, UK-based Over-The-Top banking platform that consolidates multiple cards and accounts into one smart card and app, secured $55m in Series B funding.
The round, which valued the company at a quarter of a billion dollars, was led by Gauss Ventures, with participation from Creditease, Cathay Innovation, IDC Ventures and Outward VC and early stage investors Santander InnoVentures, Breega, Seedcamp and Speedinvest.
The company intends to use the funds to expand its product offering in the UK, France, Germany, Italy, Poland, Portugal and Spain, and in the US by mid next year.
Led by Shachar Bialick, founder and CEO, Curve is an over-the-top banking platform, consolidating all cards and accounts into one smart card and app. It makes all the cards fee-free when spending abroad, and gives access to instant notifications and categorization of spend. Users can earn instant 1% cashback at the likes of Amazon, Uber, Netflix and Sainsbury’s and Time Travel and swap spend to a different card in the app for up to two weeks after the purchase was made.
Curve also offers Curve Customer Protection, a policy that covers all credit and debit card payments made via the Curve card up to £100,000, giving cardholders an extra layer of protection for disputes with merchants and any unauthorized use of their card.
Launched out of Beta in February 2018, Curve is already available in 31 European countries. The company has a team of over 150 people in its UK offices in London and Bristol.
FinSMEs
16/07/2019