Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, is seeking to raise between £100 million and £120 million through its Series C round, Sifted reports. Founded in 2015, Curve is on a mission to simplify the way people spend, send, see, and save money.
“We are focused on an ambitious opportunity fuelled by a couple of trends starting to play out in the market, from fragmentation of financial services to new convergence layers for the customer experience. We believe the end-game will be a connected world of money, tailored individually for each customer. We’re building this end game – an Operating System for Money.”
The upcoming Series C round is set to launch just a little over a year after Curve raised $55 million through its Series B round, which was led by Gauss Ventures. At the time, Shachar Bialick, Founder and CEO of Curve, stated:
“Curve is playing a completely different ball game, it is not a challenger bank which means that we can focus on creating a radically better customer experience, without asking customers to trust their salaries with us, or the significant overhead of becoming a regulated bank. Receiving this level of investment from such prominent investors is a fantastic endorsement of the value and experience Curve brings to its customers.”
At that time, Curve reported since its launch out of Beta in February 2018, the Curve platform had grown at a “spectacular” pace. The Curve team now has more than 150 people in its UK offices in London and Bristol.