UK Fintech Curve Announces Equity Crowdfunding Campaign on Crowdcube

 

 

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Tuesday it is planning to launch an equity crowdfunding campaign on Crowdcube

As previously reported, 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 company recently secured $95 million as part of its Series C investment round. According to Curve, the round was led by IDC Ventures, Fuel Venture Capital, and Vulcan Capital with participation from OneMain Financial (NYSE:OMF) and Novum Capital. The Series C round launched just a little over a year after the company raised $55 million through its Series B round, which was led by Gauss Ventures. 

Curve also announced a couple of weeks ago it is bringing back its limited-edition 18g Red Metal Curve cards to existing and new customers. The company revealed at the time that the card is part of its range of glossy metal cards, which include Rose Gold and Blue Steel. The card’s benefits include mobile phone insurance, priority customer support, and 1% cashback at six preferred retailers, twice as many as users get on Curve’s other card offerings. Customers may also earn cashback from major retailers including Apple, Deliveroo, H&M, Honest Burgers, Itsu, John Lewis, Leon, Pret a Manger, Selfridges, and Waitrose. 

Curve went on to reveal that the Crowdcube and Series C funds will be used for product innovation and international expansion. The company added:

Curve’s 2021 roadmap includes the rollout of its new Curve Credit offering, the launch of its award-winning platform to customers in the US, and broadening its reach across Europe. To deliver this, Curve plans to grow its workforce by around 60%, adding at least 200 employees over the course of 2021.”

Curve’s Crowdcube campaign is set to go live later this month.


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