Curve – the London-based fintech that allows customers to consolidate multiple cards and accounts into one smart card and an app – will also use the new funding to drive ongoing product innovation, most notably of Curve Credit in early 2021. The fundraise will allow the business to execute an ambitious strategy to become the leading financial ‘super app’.
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. There was also participation from US personal finance company OneMain Financial, and Novum Capital. IDC Ventures has funded tech scale-ups from across the globe such as Tradeshift, RecargaPay, Boatsetter and CookUnity.
The fundraise brings the total investment in Curve to almost $175M.
“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.” Shachar Bialick, founder and CEO of Curve