Curve Raises £133 Million in Series C Funding, Aiming for Profitability in 2024
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Curve Raises £133 Million in Series C Funding, Aiming for Profitability in 2024

Curve has successfully raised an additional £58 million in its Series C funding round, bringing the total funding for this round to over £133 million.

The app, which consolidates users’ debit and credit cards into a single platform, has expressed its intention to achieve profitability by early 2024. Recently, Curve introduced a new app featuring a marketplace for financial “applets,” which will likely benefit from the new funding, alongside the company’s Flex offerings.

Key investors in this funding round included Britannia, IDC Ventures, Cercano Management, Cohen Circle, and Outward VC.

Bobby Aitkenhead, co-founder and Managing Director at IDC Ventures, praised Curve’s achievements: “Curve isn’t simply aggregating funding sources into one credit card; they’re transforming how we perceive and manage our finances. Their innovative technology and Layer 3 (OTT) approach allow them to intercept transactions, enhancing the customer experience with features like Double Dip Rewards and eliminating hidden fees—all without requiring customers to change their payment cards.

“This approach provides Curve with a comprehensive view of customer finances, enabling them to leverage valuable data to offer personalized services alongside a robust business model. Our confidence in Curve has grown significantly as we’ve observed the exceptional capabilities of its founder and the team he has assembled.”

The company plans to introduce a new interface for its financial marketplace, which will integrate embedded finance products from third-party providers. Curve has also hinted at a major collaboration, with details expected to be revealed later this month.

To date, Curve has raised a total of £208 million in equity investment, making this Series C round one of the largest in the fintech sector this year. The super app has partnered with notable brands such as Samsung, Mastercard, Huawei, and Swatch.

Shachar Bialick, Founder and CEO of Curve, commented on the latest funding: “We are thrilled with the support we’ve received in our Series C extension round from existing shareholders. This reflects our team’s execution, the strength of our product, and our business overall. Every funding round brings renewed responsibility to our shareholders and customers to develop a great product and an excelling business. Curve’s unique and innovative solution naturally attracts investors, partners, and customers alike, and with this additional capital, we look forward to bringing more people closer to financial independence.”

Recently, Curve also secured a $1 billion credit facility from Credit Suisse to enhance its Curve Flex product in Europe and the US.