Payments fintech Curve adds £58m to Series C

Curve Series C Image credit: Curve

Curve, an app that combines all of an individual’s payment cards into a singular interface, has added £58m to its Series C fundraise.

It brings Curve’s total Series C figure to more than £133m, with the latest round securing investment from the venture division of Microsoft co-founder Paul Allen’s Cercano Management.

Shachar Bialick, CEO and founder of Curve, said: “It’s a testament of the execution of our team, the strength of our product, and business as a whole.”

Another of the fintech firm’s features is the ability to switch payments between cards after the transactions are completed.

Launched in 2018, London-based Curve raised £70m in a separate tranche of Series C funding in 2021.

The company said it will reveal a partnership with a “payments giant” at the end of the month.

After increasing its gross margin this year, the fintech said it will “enter a phase of scaling the business in a sustainable way towards the path to profitability”.

Bobby Aitkenhead, MD and co-founder of IDC Ventures, said: “Thanks to their unique technology and Layer 3 (OTT) approach, they have the capability to intercept the transaction and supercharge the customer experience, with its double dip rewards, or eliminating nasty hidden fees.”

“And they do it seamlessly, without any need for the customer to change the cards they pay with.”

The Series C extension also banked funds from Britannia, IDC Ventures, Cohen Circle, Outward VC amongst others. In total, it has raised £208m.