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FinTech startup Curve adds £2m to seed round, brings total to £3.5m

shachar curve

London-based FinTech startup Curve has raised an additional £2m in seed funding, bringing its total raised to date to £3.5m.

The additional funding came from new investors including Connect Ventures, the Samos Brothers and Paul Townsend.

Curve, founded in early 2015, has previously received investment from the likes of Taavet Hinrikus (CEO TransferWise), Ricky Knox (CEO Azimo), Ed Wray (co-founder of Betfair) and Seedcamp.

Shachar Bialick, the founder and CEO, told Tech City News: “We’re building a mobile platform that connects the accounts people already have with the tools, apps and services they want to use, so that it’s easier for everyone to get value from the fragmented world of FinTech.”

“Curve is on a journey, and all-your-cards-in-one is just the start. It illustrates what’s possible when we connect FinTech innovation with the bank accounts we trust. As with challenger banks, we’re helping to re-imagine how personal finance should work – and people who join now get a chance to shape that future,” he added.

Bialick also spoke about how Curve is competing with other card-based propositions such as Revolut and challenger banks such as Monzo.

“But they’re not going for the same value proposition as Curve, so they’re not strictly competitors in that sense,” noted the founder, adding: “Curve is distinctive because we’ll be agnostic to who we integrate with – unlike the banks, who wouldn’t want to integrate with other banks for example”.

Into the future

Looking ahead, Curve expects to roll out a loyalty platform which will make it easier for merchants to launch schemes and for consumers to collect points when they spend in-store.

Additionally, the company is also looking to begin integrating with other third party apps, so as to offer its users the ability to manage their expenses.

For now, Bialick said Curve will be using the funds to onboard new customers and grow its team.