Menu visibility control

Video

Events

Startup Surgery

Most Recent

Investments

Limejump closes £3m Series A to disrupt the energy utility market

News

Mass redundancies at Jinn as startup struggles to succeed in on-demand delivery market

Tech City Voices

Tribunal fees ruled unlawful: How will this impact gig economy firms?

Press Releases

GreenKey Technologies and Red Box Recorders partner to launch integrated trading voice collaboration and compliance recording solution
Leading light in British HealthTech, Network Locum, rebrands to Lantum
SteelEye announces regulatory tech specialist Matt Smith as CEO

FinTech startup Curve adds £2m to seed round, brings total to £3.5m

shachar curve
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

London-based FinTech startup Curve has raised an additional £2m in seed funding, bringing its total raised to date to £3.5m.

The additional funding came from new investors including Connect Ventures, the Samos Brothers and Paul Townsend.

Curve, founded in early 2015, has previously received investment from the likes of Taavet Hinrikus (CEO TransferWise), Ricky Knox (CEO Azimo), Ed Wray (co-founder of Betfair) and Seedcamp.

VC investment into UK FinTech ‘fell by 40% in Q2 2017’

Shachar Bialick, the founder and CEO, told Tech City News: “We’re building a mobile platform that connects the accounts people already have with the tools, apps and services they want to use, so that it’s easier for everyone to get value from the fragmented world of FinTech.”

“Curve is on a journey, and all-your-cards-in-one is just the start. It illustrates what’s possible when we connect FinTech innovation with the bank accounts we trust. As with challenger banks, we’re helping to re-imagine how personal finance should work – and people who join now get a chance to shape that future,” he added.

Bialick also spoke about how Curve is competing with other card-based propositions such as Revolut and challenger banks such as Monzo.

“But they’re not going for the same value proposition as Curve, so they’re not strictly competitors in that sense,” noted the founder, adding: “Curve is distinctive because we’ll be agnostic to who we integrate with – unlike the banks, who wouldn’t want to integrate with other banks for example”.

Into the future

Looking ahead, Curve expects to roll out a loyalty platform which will make it easier for merchants to launch schemes and for consumers to collect points when they spend in-store.

Additionally, the company is also looking to begin integrating with other third party apps, so as to offer its users the ability to manage their expenses.

For now, Bialick said Curve will be using the funds to onboard new customers and grow its team.

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

Limejump

Limejump closes £3m Series A to disrupt the energy utility market
posted 8 hours ago

startup empty office

Mass redundancies at Jinn as startup struggles to succeed in on-demand delivery market
posted 10 hours ago

supreme court

Tribunal fees ruled unlawful: How will this impact gig economy firms?
posted 11 hours ago

urban massage

VIDEO: Urban Massage’s founder on the challenges and joys of growing a tech startup
posted 14 hours ago

London FinTech

UK ‘ranks third for global FinTech VC funding as firms raise $564m in H1 2017’
posted 15 hours ago

Cleo

FinTech startup Cleo gets £2m in round led by LocalGlobe
posted 17 hours ago