Curve Raises £58 Million in Funding to Support Growth
In one of the largest funding rounds in Fintech in 2023, Curve, the financial super app, has secured an additional £58 million to support its growth ambitions. This brings its Series C funding total to over £133 million. The extension round saw participation from various investors including Britannia, IDC Ventures, Cercano Management, Cohen Circle, and Outward VC, among others. The new funds will be used to improve the customer experience, expand its offerings, and establish new partnerships.
"We are extremely pleased with the interest we received in our Series C extension round," said Shachar Bialick, founder and CEO of Curve.
"This last raise, like any raise, brings with it renewed responsibility to our shareholders and customers. Curve's unique and innovative product is something that investors, partners, and customers alike are drawn to naturally, and with this additional cash, we look forward to bringing more people closer to financial independence."
Curve has experienced impressive growth in 2023 and successfully transformed its business model earlier this year, leading to improved gross margin and scalability. The company aims to achieve profitability in early 2024. Curve has also hinted at a major partnership with a payments giant and is rolling out its new Launchpad interface to develop a financial marketplace. With over 4.5 million customers globally, Curve offers a comprehensive financial solution that provides convenience, control, and savings.
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