Total amount raised
$253.8 Millions
Latest funding date
6/1/2024
Location
Curve has successfully raised £37 million in its latest Series D funding round, led by Hanaco Ventures. The company offers a digital wallet technology aimed at saving users money and enhancing their payment experiences.
Keep reading to explore the intricacies of Curve's fundraising journey and the investors backing this innovative platform.
What Is Curve?
Curve, founded in April 2015 by Shachar Bialick, is a digital wallet company based in London, England. The company aims to save users money and enhance every payment through its advanced wallet technology.
Curve consolidates all your cards into one secure platform, offering unique money-saving features like eliminating hidden fees and maximizing rewards. The company is authorized by financial regulators across the UK, EEA, and US.
With a team of 101-250 employees, Curve has grown to serve over 6 million customers globally, making it a significant player in the digital wallet industry.
How Much Funding Has Curve Raised?
- Seed Round
- Amount Raised: $2M
- Date: December 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and launch the company.
- Series A
- Amount Raised: $10M
- Date: July 2017
- Lead Investors: Breega, Connect Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and scale the product.
- Series B
- Amount Raised: $55M
- Date: July 2019
- Lead Investors: Gauss Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and expand market reach.
- Equity Crowdfunding
- Amount Raised: £6M
- Date: September 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To engage the community and raise funds for further development.
- Series C
- Amount Raised: $95M
- Date: January 2021
- Lead Investors: Fuel Venture Capital, IDC Ventures, Vulcan Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand internationally.
- Equity Crowdfunding
- Amount Raised: £9.4M
- Date: May 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further engage the community and support product development.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: November 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and product enhancements.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: December 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling the business and improving the platform.
- Series C
- Amount Raised: £58M
- Date: September 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and enhance product offerings.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: June 2024
- Lead Investors: Samsung NEXT’s Q Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic initiatives and technological advancements.
Total Amount Raised: $217.65M
Current Valuation: Not publicly disclosed
Key Investors
- Hanaco Ventures
- Details: Hanaco Ventures is a venture capital firm that invests in innovative technology companies. They led the £37 million investment round for Curve.
- Investment Focus Areas: Digital wallets, financial technology, innovative tech solutions.
- Notable Investments: Not publicly disclosed.
- Fuel Venture Capital
- Details: Fuel Venture Capital is an early-stage venture capital firm that focuses on technology companies. They participated in Curve's Series D funding round.
- Investment Focus Areas: Early-stage technology, fintech, digital innovation.
- Notable Investments: Not publicly disclosed.
- IDC Ventures
- Details: IDC Ventures is a venture capital firm that invests in technology and digital innovation. They have been involved in multiple funding rounds for Curve.
- Investment Focus Areas: Technology, digital innovation, fintech.
- Notable Investments: Not publicly disclosed.
- Outward VC
- Details: Outward VC is a venture capital firm that focuses on financial technology and innovative financial services. They are an existing shareholder in Curve.
- Investment Focus Areas: Fintech, financial services, early-stage startups.
- Notable Investments: Not publicly disclosed.
- Samsung NEXT’s Q Fund
- Details: Samsung NEXT’s Q Fund is a venture capital fund that invests in early-stage technology companies. They participated in Curve's venture round in June 2024.
- Investment Focus Areas: Early-stage technology, digital innovation, fintech.
- Notable Investments: Not publicly disclosed.
What's Next for Curve?
Curve's future looks promising with the upcoming launch of Curve Pay in 2025, a service poised to compete with Apple Pay and Google Wallet. This new venture, backed by a £37 million investment, aims to capitalize on the growing digital wallet market and regulatory changes that favor more flexible financial solutions.
As Curve approaches profitability, the company is well-positioned for further fundraising to support its ambitious growth plans. However, challenges such as intense competition and maintaining customer satisfaction while scaling up remain. Navigating these hurdles will be crucial for Curve's continued success in the fintech industry.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Curve and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
