Curve Raises £37M as It Prepares for a New Launch
Hey FinTech Fanatic!
After last week’s news of Curve’s £36 million loss—though an improvement of 48% from the previous year—and its decision to pause US operations, fresh funding of £37 million has landed, bringing a positive turn for the London-based FinTech.
The funding round was led by Hanaco Ventures, marking its first investment in Curve. Hanaco, which focuses on Israeli startups, joins existing investors such as Fuel Ventures, IDC, Outward VC, and Lord Stanley Fink in backing the company’s next phase.
Curve, which enables 5.5 million customers to consolidate their bank and loyalty cards into a single app, sees 2025 as a milestone year. It aims for profitability while expanding its product offerings, including the launch of Curve Pay, its answer to Apple Pay and Google Wallet.
“Curve is the only wallet that adds superpowers to your money; avoid FX fees from any linked card, split old purchases into installments, earn cashback on top of any card and more,” said Shachar Bialick, Curve’s Founder & CEO. “This investment will allow us to invest further in our customer experience, bring new partnerships, and accelerate our path to profitability.”
Read more global FinTech industry updates below 👇 and I'll be back with more tomorrow!
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