Curve, a Fintech in the banking sector that consolidates multiple cards and accounts into one smart card, is launching a “seven-figure” crowdfunding campaign in September, according to a note from the firm. Curve will be raising capital on Crowdcube as part of its Series B funding round which has raised to date $55 million. Curve says it is currently valued at $250 million and has raised over $70 million from investors to date.
Eligible individuals may invest at the same Series B valuation as investors such as Gauss Ventures, Creditease, Cathay Innovation, IDC Ventures, Santander InnoVentures, Breega, Seedcamp, Speedinvest and Outward VC.
Curve’s service claims over 500,000 users and the company predicts one million users by year-end.
While final details are still being worked out, Curve says that investors may participate for as little as £10.
By launching a retail offering, Curve seeks to boost awareness of its service while enlisting new customers who may act as brand ambassadors as they become owners in the firm.
Shachar Bialick, founder and CEO of Curve , says they have always held a “radical” vision at Curve:
“Our aspirations are huge. We’re working to revolutionise the world of finance and move banking to the cloud. We’re building an Over-The-Top Banking Platform that simplifies your life and saves you money. No small feat. Whilst we may still be in the early stages of our journey, we’re extremely proud of our progress so far and we’re beyond excited for what’s to come Curve’s crowdfund campaign presents an exceptional opportunity for our eligible customers to invest in a product they love and a business that is growing at a phenomenal rate. Innovation at Curve is constant, and we will be rolling out a series of game changing benefits and functionalities, while continuing our growth into Europe in the months ahead”
Curve notes that it continues to release new products and features. In June, Curve launched Curve Cash which gives Curve customers 1% instant cashback at retailers. Earlier this year, Curve launched enhanced Curve Customer Protection, protecting customers for purchases made up to £100,000, access to Travel Insurance, Gadget Insurance and over 1000 airport lounges worldwide.
Curve is accepting registrations for the round now as it seeks to build demand prior to the official launch of the securities offer.
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