Total amount raised
$253.8 Million
Latest funding date
6/1/2024
Location
Curve has successfully raised funding over 11 rounds, with its latest being a Series D. The company is backed by 40 investors, including Hanaco Venture Capital and Outward VC.
Curve's platform offers a digital wallet that consolidates all your cards into one smart wallet, featuring cashback rewards, travel benefits, and flexible payment options. Keep reading to explore the intricacies of Curve's fundraising journey and the investors backing this innovative platform.
What Is Curve?
Curve is a financial technology company based in London, England, specializing in digital wallet solutions. The company consolidates all your payment cards into one smart wallet, offering features like cashback rewards, travel benefits, and flexible payment options. Curve operates as a private entity and has been acquired by Lloyds Banking Group.
Founded in an unspecified year, Curve employs between 101-250 people. The company serves over 6 million customers and processes billions in payments annually. It is regulated across the UK and EEA, with additional offices in Vilnius, Lithuania.
How Much Funding Has Curve Raised?
- Series A
- Amount Raised: USD 10,000,000
- Date: July 2017
- Lead Investors: BREEGA, Connect Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale operations.
- Series B
- Amount Raised: USD 55,000,000
- Date: July 2019
- Lead Investors: Gauss Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological infrastructure and expand market reach.
- Equity Crowdfunding
- Amount Raised: GBP 6,000,000
- Date: September 2019
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To engage with the community and raise funds for product development.
- Series C
- Amount Raised: USD 95,000,000
- Date: January 2021
- Lead Investors: Fuel Venture Capital, IDC Ventures, Vulcan Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand internationally.
- Equity Crowdfunding
- Amount Raised: GBP 9,386,972
- Date: May 2021
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further engage with the community and support ongoing projects.
- Series Unknown
- Date: November 2021
- Investor Count: 3
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational scaling and market expansion.
- Series Unknown
- Date: December 2022
- Investor Count: 1
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and improve customer experience.
- Series C
- Amount Raised: GBP 58,000,000
- Date: September 2023
- Investor Count: 5
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and technological advancements.
- Series Unknown
- Date: June 2024
- Investor Count: 1
- Lead Investors: Samsung NEXT’s Q Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop new features and expand market presence.
- Series D
- Amount Raised: GBP 37,000,000
- Date: March 2025
- Lead Investors: Hanaco Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support profitability and launch Curve Pay.
Total Amount Raised: USD 205,386,972
Current Valuation: Not publicly disclosed
Key Investors
- Hanaco Venture Capital
- Details: Hanaco Venture Capital is a venture capital firm that led the £37 million investment round for Curve. They focus on investing in high-growth technology companies.
- Investment Focus Areas: Technology, FinTech, innovative startups
- Notable Investments: Not specified
- Fuel Ventures
- Details: Fuel Ventures is a venture capital firm that participated in multiple funding rounds for Curve. They typically invest in early-stage technology companies.
- Investment Focus Areas: Technology startups, digital innovation
- Notable Investments: Not specified
- IDC Ventures
- Details: IDC Ventures is an investment firm that focuses on high-growth companies and participated in Curve's funding rounds. They provide market intelligence and advisory services.
- Investment Focus Areas: Technology, digital innovation, data analytics
- Notable Investments: Not specified
- Outward VC
- Details: Outward VC is a venture capital firm that invests in early-stage FinTech companies and has been an investor in Curve. They focus on enterprise technology and financial services.
- Investment Focus Areas: FinTech, enterprise technology, financial services
- Notable Investments: Not specified
- Lord Stanley Fink
- Details: Lord Stanley Fink is a prominent investor and philanthropist who has invested in Curve. He is known for his investments in various sectors, including finance and technology.
- Investment Focus Areas: Finance, technology, diverse sectors
- Notable Investments: Not specified
What's Next for Curve?
Curve is poised for significant growth with the upcoming launch of Curve Pay in 2025, a service set to rival Apple Pay and Google Wallet. This new venture, backed by a £37 million investment led by Hanaco Ventures, positions Curve to capitalize on the growing digital wallet market and regulatory changes that favor increased competition. The company’s approach to profitability and innovative features like cashback rewards and fee-free foreign transactions further enhance its market appeal.
Future fundraising opportunities appear promising as Curve continues to expand its market presence and enhance customer experiences. The successful investment round indicates strong investor confidence, which could lead to additional funding rounds to support further innovation and market expansion. However, Curve will need to navigate intense competition and regulatory challenges to maintain its growth trajectory.
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