Curve OS secures £70.1m Series C investment led by IDC Ventures, Fuel Venture Capital and Vulcan Capital
The London fintech has raised funds to fuel expansion into the US and drive product innovation.
Curve operates a digital banking platform that consolidates multiple cards and accounts into a single smart card and mobile application.
Curve OS has secured £70.1m in Series C financing from a consortium of international backers. The funding round was led by IDC Ventures, Fuel Venture Capital and Vulcan Capital, with additional participation from OneMain Financial and Novum Capital.
The business will direct the capital towards its planned expansion into the United States and the wider European market. Funds will also support ongoing product development, including the early 2021 rollout of Curve Credit, as the firm works towards establishing a comprehensive financial superapp.
The latest capital injection brings the total funds raised by the fintech to nearly $175m, following a year of user growth and product launches across multiple European territories.
Investor perspective
"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."
Bobby Aitkenhead
ATW Partners
Use of funds
- 01Expand into international markets
- 02Continue product development
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About the company
Curve OS
Curve consolidates multiple payment cards and accounts into a single smart card and app.