Here are the Statistics on Curve’s Record Breaking £6 Million Crowdfunding Round

Fintech Curve knocked it out of the park this week in an investment crowdfunding round that crushed multiple records on the Crowdcube platform. In brief, Curve raised £6 million (about $7.4 million) in less than one day.

Crowdcube reports that many of the prior records were also held by Fintech companies, a popular category on Crowdcube and a hot sector of entrepreneurship in the UK. Fintech Chip previously held the title of the highest number of investors at 6,535 back when they raised £3.8m in 2018.

Curve is a Fintech in the banking sector providing one digital card to rule them all. While there have been multiple entrants into this sector over the years, Curve appears to be getting it right as it has signed up over half a million users in a very short time. Curve also provides thoughtful features for users such as no FX fees, cashback, fraud protection, real-time alerts, and other money management services.

Not too long ago, Curve raised £42,800,810 in venture capital. The Series B investment round was then offered to retail investors at an adjusted pre-money valuation of £201 million.

The Crowdcube offering was over in a blink of the eye as investors in Curve rushed to purchase shares in the young Fintech. According to a note from the company, these are the below statistics for the crowdfunding round.

Curve Records:

• £1,000,000 – under 5 minutes
• £2,000,000 -10 minutes
• £3,000,000 – 17 minutes
• £4,000,000 – 45 minutes
• £5,000,000- 2 hours 30 minutes
• £6,000,000 – 4 hours 41 minutes
• Total of 9,591 people backed curve in the round
• The highest number of investors ever on Crowdcube (Chip had 6535)
• Averaged 254 investments per minute in the first 10 minutes
• Fastest company ever to raise £4 million
• Fastest company ever to raise £6 million

Curve is not only a crowdfunding success but it is an interesting case study on the effectiveness of investment crowdfunding. Curve may be an early-stage firm but its valuation, confirmed by venture funding, indicates a company that has significant traction.  Curve not only raised growth capital but it gained a legion of advocates and a community of collaborators which will help promote the company as interests are tightly aligned.