Participated · Series C · Sep 2023

Curve is a London-based fintech founded in 2015 by Shachar Bialick that offers an all-in-one payment app allowing customers to use their banks and loyalty cards through one interface. The company says it has more than 5.5m customers. In 2023 Curve reported a £36m loss, a 48% improvement on the prior year, and it aims to break even in the near term. Curve has partnerships with Samsung, PayPal and Visa. It is planning to launch Curve Pay, billed as a rival to Apple Pay, which it claims could save banks millions in Apple transaction fees. Curve says the latest funding will help it achieve full-year profitability and support new product launches. Curve offers a mobile wallet service that aggregates access to multiple financial products and lets users enhance their existing bank accounts without changing providers. The product is also available as wearable devices, including smart rings, bracelets and watch straps. Curve operates in 31 markets across the UK and the European Economic Area. The company is led by CEO and founder Shachar Bialik and is headquartered in London, UK. Curve has raised more than $250M in total funding. It says it will use the latest funds to further enhance its products and offerings to financial consumers. Curve provides a single point of access to multiple financial products by bundling users' existing credit and debit cards into one smart card and companion app. The company launched to the public in 2018 and is led by founder and CEO Shachar Bialick. Curve has grown to more than 4.5 million customers and is live in 31 markets across the UK and the EEA, supporting Mastercard, Visa, and Diners Club networks. The company recently rolled out a new app that includes a marketplace of financial applets and expanded Flex offerings. Curve plans to use the newly raised capital to improve overall customer experience, expand its Flex products, and bring new partnerships to market. The business emphasizes enabling customers to connect and charge legacy bank accounts without signing up for a new bank. Curve offers a digital wallet and single card that aggregates users’ payment cards and lets customers split transactions into monthly instalments via its Curve Flex product. The company launched publicly in 2018 and is live in 31 markets across the UK and the European Economic Area. In the UK Curve Flex includes a product called Swipe Now to Pay Later (SNPL), which lets customers split Curve card transactions into three, six, nine or 12 monthly instalments. Curve plans to expand Curve Flex and other lending offerings across the EU and the US and to introduce features such as access to a direct line of credit before transactions and the ability to refinance existing credit lines. The company also plans a BNPL-style lending product for in-app and in-browser use in 2023. To date, Curve has raised more than $180M in equity investment and has reached millions of customers, and has partnerships including Samsung. Curve is an all‑in‑one financial super app that bundles customers’ Mastercard and Visa debit and credit cards into a single Curve card and app, and offers features like Go‑Back‑In‑Time®, mobile wallet integrations, and premium services. The company is live in 31 markets across the UK and the EEA and emphasizes increased security, real‑time spending notifications and added benefits on paid subscriptions. Over the past year Curve has doubled its customer base, hired more than 100 staff, and seen processed transaction volume rise by over £1 billion to £2.6 billion. Curve plans to use new funds to execute international expansion and product innovation, including rolling out its Curve OS platform in the US, broadening its European reach, and launching Curve Credit in the UK and Europe. The company intends to add at least 200 employees during 2021 to support those plans. To date Curve has raised £132m in cash and capital commitments, including a recent Series C round led by IDC Ventures, Fuel Venture Capital and Vulcan Capital.