Curve to launch crowdfund to fuel expansion

Curve, the card consolidation FinTech, is launching a fresh fundraising round via Crowdcube five months after raising $95 million in equity investment.

The company, which combines multiple cards and accounts into a single app, will launch the crowdfunding round to its customer base in May.

The funding will be used to fuel the company’s expansion into the US and further into Europe.

The FinTech’s Series C round raised $95 million from international investors including IDC Ventures, Fuel Venture Capital and Vulcan Capital in January, and the company says it is now extending the opportunity to its customers and wider community to take part in the next stage of its growth strategy.

The company’s valuation has tripled in the last three years. It has hired over 100 new staff, while doubling its customer base to over two million, Curve said.

Curve’s 2021 roadmap includes the rollout of its new Curve Credit offering, the launch of its platform to customers in the US, and broadening its reach across Europe.

To deliver this, Curve plans to grow its workforce by around 60 per cent, adding at least 200 employees over the course of 2021.

Shachar Bialick, Founder and CEO of Curve, said: “With increasing fragmentation in financial services, and growing demand from consumers for a simpler way to control and manage their finances, the scene is set for Curve to seize a global opportunity. We are investing in our people and the business to make that happen.

"Since we place our customers at the heart of everything we do, we wanted to offer another chance for them to be involved in our success, enabling them to be part of our journey," he added.

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