Update: Curve’s Crowdcube Campaign to Close Within 24 Hours After Launch With More Than £7.9 Million Raised

 

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced it is set to close its equity crowdfunding campaign on Crowdcube with more than £7.9 million secured from nearly 9700 Crowdcube investors. Curve reported that the announcement that the crowdfund will close in 24 hours comes after the company smashed its own 2019 crowdfunding record a day earlier, raising £6 million in just two hours 49 minutes. In its September 2019 campaign, Curve raised £6 million in four hours 42 minutes.

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.”

Curve 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.

Funds from the crowdfunding round and its Series C round will be used to fuel Curve’s international expansion and product innovation. The company is now offering 1.32% in equity at a £591,716,131 pre-money valuation through the round, which is set to close late this evening.


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