London-based digital wallet Curve has raised £37 million in a funding round led by Hanaco Ventures, with participation from Fuel Ventures, IDC, Outward VC, and Lord Stanley Fink. This infusion of capital strengthens Curve’s financial position as it aims for profitability.
To date, Curve has secured nearly £300 million in total funding. The platform allows users to consolidate multiple cards into a single smart card and app, boasting over six million users worldwide. Curve offers features such as stacking rewards, real-time spending insights, and the ability to avoid foreign exchange fees.
The Curve ReFI feature enables customers to quickly transfer balances between cards, helping to prevent unwanted interest accrual, late payment fees, and overdrafts. Additionally, the recent introduction of Curve Flex allows customers to split any past or future purchases into installments at any merchant.
This week, Curve partnered with Infact to launch real-time credit reporting for Curve Flex customers, with plans to introduce Curve Pay, a digital wallet alternative for Android and iOS users, soon.
Shachar Bialick, CEO of Curve, commented: “The Wallet Wars are here, and the only solutions available for customers to date are simple wallets that merely facilitate card payments. Curve is the only wallet that enhances your financial experience by eliminating FX fees from linked cards, allowing you to split past purchases into installments, earn cashback on top of any card, and more.”