Curve secures £58m Series C extension led by diverse backers to fund product development and growth.
The financial super app has raised additional capital from investors including Britannia, IDC Ventures, and Cercano Management.
Curve operates a financial super app that links multiple bank cards and accounts into a single card and mobile application. The company serves millions of customers across the UK and Europe.
Curve has raised £58m in an extension to its Series C funding round, bringing total financing in this tranche to over £133m. The capital injection comes from participants including Britannia, IDC Ventures, Cercano Management, Cohen Circle, and Outward, alongside existing shareholders. The business intends to direct the proceeds towards enhancing the user experience, scaling its Flex products, and introducing new commercial partnerships.
The raise follows a restructuring of the company business model earlier in the year, which improved gross margins and positioned the firm on a trajectory towards profitability by early 2024. The London-based business has accumulated £208m in total equity investment since inception.
From the founder
"We are extremely pleased with the interest we received in our Series C extension round and the support we received from our existing shareholders,"
Shachar Bialick
Founder and CEO at Curve
Investor perspective
"We’re 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,"
Daniel Cohen
Co-Founder, Cohen Circle
Use of funds
- 01Continue product development
- 02Expand into international markets
