Curve has received the backing of Samsung Next – the VC arm of the global firm.
Samsung Next backs Fintechs, including AI firms, blockchain, Healthtech, and more.
Curve is a breakout UK Fintech that has previously sold securities in crowdfunding rounds. Curve’s App enables users to combine multiple cards into a single app along with other features.
Without disclosing the details of the investment, Curve noted that the new investment takes Curve’s total raised funds to over $250 million. The capital infusion is expected to be used to enhance its products and offerings to financial consumers.
Shachar Bialik, CEO and founder of Curve, commented on the funding:
“We are thrilled to have Samsung Next’s financial backing. For four years, Samsung Pay+ powered by Curve in the U.K. has combined all your cards from any bank into one digital card for easy shopping. This latest investment will allow us to continue to deliver the best mobile wallet for our customers. At Curve, we aim to offer consumers a superior payment experience that provides true value and freedom, far beyond what traditional digital wallets have been able to offer.”
Curve noted that it had recently integrated with Apple Pay, which will become available on iOS across Europe later this year. Customers who previously used Apple Pay for mobile payments can switch their default wallet to Curve to capitalize on Curve’s array of benefits.
