Curve Raises £37M as It Prepares for a New Launch

Curve Raises £37M as It Prepares for a New Launch
Curve Secures £37M Funding to Expand Digital Payments and Banking Innovation

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 fintech funding of £37 million has landed, bringing a positive turn for the London-based fintech company.

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 accounts, loyalty cards, and digital wallets into a single app, sees 2025 as a milestone year. It aims for profitability while expanding its fintech solutions, including the launch of Curve Pay, its answer to mobile payments services like 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 enhance our customer experience, bring new fintech partnerships, and accelerate our path to profitability.”

Read more global fintech news below 👇 and I'll be back with more tomorrow!

Cheers,
Marcel

SPONSORED CONTENT

Power your fintech startup, digital bank, or brand with full-service embedded finance—seamless account funding, instant payments, transfers, payouts, and issuing, all backed by enterprise-grade risk management and fintech compliance. Simplify operations, reduce costs, and launch faster. Find out more today.

Full service embedded banking for FinTechs, banks & brands | Ingo Payments

BREAKING NEWS 

🇺🇸 BNPL lender Klarna files for U.S. IPO, planning to go public on the New York Stock Exchange under ticker symbol KLAR. Klarna hasn’t disclosed the number of shares to be offered or the expected price range yet. The decision to go public in the U.S. is a significant move amid increasing fintech IPOs and growing competition in the digital finance space.


🌍 Trustly partners with Mollie to uncover data-driven insights and actionable strategies to increase sales, build loyalty, and improve business performance. In Mollie's 2025 Playbook, Trustly’s CRO shares best practices to help merchants boost secure payments and optimize payment methods for frictionless checkout experiences.

🇺🇸 Capital One pulled out as JPMorgan pushed ahead on Javice deal. A company executive told a New York jury why his banking firm withdrew its $125 million bid for Charlie Javice’s fintech startup, while corporate banking giant JPMorgan Chase & Co. offered a price $50 million higher.


INSIGHTS

🇧🇷 In 2025, Pix will surpass credit cards as the most used payment method for e-commerce in Brazil. The rapid adoption of digital payments is shaping the future of finance, with real-time mobile payments becoming a key driver of economic growth.

Let's dive in👇

Market Volume by Payment Method

FINTECH NEWS

🇺🇸 FinTech Beeline Holdings Inc. secures NASDAQ listing after a strategic merger. The company merged with Eastside Distilling Inc., with shareholders approving the name change to Beeline Holdings. To comply with Nasdaq’s requirements, Beeline will implement a 1-for-10 reverse stock split, ensuring continued growth in the fintech industry.

🇫🇮 Raisin expands into the Nordics with Finland platform launch. The new platform will offer consumers access to online banking services, allowing them to compare and open bank accounts across Europe seamlessly, reinforcing open finance solutions.

🇬🇧 Cleo releases its 2024 Annual Report, doubling its ARR to $185M. The report showcases the AI-powered fintech unicorn’s expansion, improvements in AI in banking, and focus on fintech cybersecurity to ensure safer digital financial services.

🇧🇷 Nubank, Google Pay, and Binance among the most downloaded financial apps in Brazil. The report highlights a 27% increase in global fintech adoption, with crypto-friendly banks and crypto trading platforms gaining traction in Latin America.

🇺🇸 Citigroup to ‘hire thousands’ of permanent IT staff and cut contractors. The initiative aims to streamline banking innovation and address fintech compliance challenges following regulatory scrutiny. An internal presentation reveals plans to reduce external IT contractors by 30%.

🇺🇸 Block announces FDIC approval for Square Financial Services to offer Cash App Borrow. This approval marks a key milestone in the evolution of digital banking trends, enabling alternative banking solutions for consumers. Continue reading.


PAYMENTS NEWS

🇮🇹 The most popular payment methods in Italy by Ecommpay. The growth of contactless payments and digital payments has been accelerated by EU regulations, such as PSD2, ensuring better security and fraud prevention. Click here to learn more.

🇬🇧 Avoiding PayPal high-risk status: A guide for subscription businesses, by Solidgate. To prevent disruptions, companies must optimize payments innovation, reduce disputes, and manage pvayment apps effectively. Here’s how.

🇺🇸 Visa to add tokenization and digital wallet capabilities to Fleet cards. The move will empower fintech startups to integrate secure payments via Apple Pay.

🇬🇧 FCA seeks views on removing the £100 contactless limit. This update has the potential to benefit consumers, merchants, and economic growth in the UK. By making regulations less prescriptive, it could foster greater innovation in fintech solutions and payment methods.

🇺🇸 Fed Data shows economics of interchange: 86% of fees fund rewards programs. Consumers use general-purpose cards across all age and income levels. The data highlights that more than 80% of consumers receive rewards offers from their credit cards, and 72% used these rewards in the past 90 days. This underscores the growing importance of digital payments, contactless payments, and AI in payments in shaping consumer spending behavior.

🇷🇴 Click to Pay made available at PayU for all Mastercard and Visa cardholders. Customers and clients can now enjoy faster online payments through Click to Pay, a one-click payment option available across devices. This advancement in secure payments and tokenization enhances digital wallets and streamlines mobile payments for e-commerce users. Read more.

🇵🇹 MB Way becomes the most used payment method in Portugal for online shopping. The service now has over 4 million users, an increase of nearly 500,000. A recent study also found that clothing, footwear, travel, event tickets, and books are the most frequently purchased items online. The rise in digital finance adoption in Portugal aligns with the broader trend of fintech disruption, with instant payments, mobile banking, and PSD2 driving the evolution of online payments.

🇦🇪 Mastercard and AEP team up to launch debit and prepaid cards in the UAE. This fintech partnership aims to broaden the payment ecosystem, increase secure payments, and enhance banking innovation. The collaboration will support alternative banking solutions while promoting cross-border payments and real-time payments for consumers and businesses. Read the full article.

🇰🇷 PXPay Plus becomes the first Taiwanese e-wallet brand to launch in South Korea. Users can now access 1.9 million merchants through payment platforms like ZeroPay and ICB. Taiwanese travelers can complete contactless payments by scanning a QR code with the PXPay Plus app or using their payment barcode. This expansion highlights the growing demand for mobile banking, digital wallets, and payments innovation across Asia.


REGTECH NEWS

🇬🇧 Revolut optimises security features for retail users. This move is a response to the recent rise in phone snatching across big cities and the continued threat of phishing scams, especially in the financial services sector. As part of its fintech cybersecurity efforts, Revolut is integrating AI in compliance and digital identity solutions to enhance security. Learn more.

🇦🇷 CNV defined the regulatory framework for crypto exchanges. The new crypto regulation aims to ensure transparency, stability, and user protection within the blockchain ecosystem. Under the new framework, DeFi and crypto trading platforms must register, comply with PSD2-inspired cybersecurity standards, and implement anti-money laundering (AML) procedures to safeguard users.

🇬🇧 Atoa Payments receives FCA approval. The regtech firm can now extend its open banking payment solutions to larger businesses across the UK. With this approval, Atoa will enhance its fintech compliance services, providing secure real-time payments, instant payments, and transaction monitoring using AI in fintech.

🇺🇸 MoonPay gets Wisconsin Money Transmitter License. With this new license, crypto-friendly banks and digital wallets will integrate MoonPay's crypto trading solutions for seamless online payments. Wisconsin residents can now deposit funds into their MoonPay Balance for secure payments and contactless transactions.


BLOCKCHAIN/CRYPTO NEWS

🇺🇸 Landmark Stablecoin Bill advances in Senate Banking Committee. The bill will regulate stablecoins, enhancing the legal framework for crypto regulation and blockchain in banking.

🇦🇪 Crypto.com licenced in the UAE to offer derivatives. 🇦🇪 Crypto.com licensed in the UAE to offer derivatives. The expansion enhances Crypto.com's crypto trading services, further solidifying its Web3 banking solutions. With the limited license, the platform aims to launch a range of derivative products—including futures, perpetual swaps, and CFDs—initially accessible to eligible global institutions, with qualified investors gaining access later.

🇹🇷 Turkey introduces stricter crypto rules. The Capital Markets Board of Turkey will regulate crypto wallet providers, enhancing compliance in decentralized finance (DeFi). Keep reading.


PARTNERSHIPS

🇺🇸 Copper and Figment partner to expand institutional staking. This partnership enables institutions to securely stake cryptocurrency while actively engaging in the broader blockchain ecosystem. Copper’s clients can stake assets with confidence and earn rewards across multiple blockchain networks, including Ethereum (ETH), Solana (SOL), and Polkadot (DOT).

🇧🇷 XTransfer and Ouribank join forces to enhance cross-border payments in Brazil. The partnership enhances fintech infrastructure for businesses involved in international trade and strengthens cross-border commerce in Brazil. This collaboration seeks to lower costs and streamline processing times for cross-border payments, benefiting XTransfer’s clients—especially Chinese and global traders with major markets in Latin America.


DONEDEAL FUNDING NEWS

🇸🇰 Slovak Vestberry secures €2.2M investment from Seed Starter České & Slovenské spořitelny, Venture to Future Fund, and Zero One Hundred. This latest fintech funding will help Vestberry expand its presence, particularly in the American market, as it continues to innovate in wealthtech, corporate banking, and AI in fintech solutions.

🇸🇬 RedotPay secures $40 million Series A funding to accelerate crypto payment solutions globally. With this funding, RedotPay aims to enhance its payment ecosystem, reinforce crypto regulation compliance, expand its crypto wallet and blockchain infrastructure, and secure new fintech partnerships to grow its cross-border payments footprint across multiple jurisdictions.

🇬🇧 Curve lands £37M in funding led by a VC firm focused on early-stage fintech and growth-stage fintech startups. The funding will help Curve move towards profitability, scale its digital banking offerings, and introduce new payment methods, including advancements in mobile banking and banking innovation. Keep reading.

🇺🇸 Tomo secures $20M in funding as it scales its AI-powered mortgage solutions. This latest fintech investment will support Tomo’s banking-as-a-service expansion across the U.S., including hiring financial services professionals in Detroit, Seattle, and New York. The company continues to innovate in AI in banking and digital finance, offering smarter solutions for home buyers.

🇺🇸 Disputed.ai raises $1.1M to transform AI-powered chargeback management. The investment will help the company scale its fintech cybersecurity and AI in compliance solutions, redefining secure payments and fraud prevention for large-scale merchants through real-time payments and AI in payments.


M&A

🇮🇹 UniCredit secures ECB's approval for Commerzbank stake. The European Central Bank (ECB) granted approval for the acquisition, citing banking innovation and corporate banking synergy. The move aligns with UniCredit’s strategy to leverage open finance and expand its influence in the fintech industry. Read more.

🇺🇸 EquiLend secures minority investment from The Bank of New York Mellon Corporation. This fintech acquisition strengthens EquiLend’s financial technology solutions, enabling the firm to scale its embedded finance and fintech infrastructure offerings. The investment also supports the growth of digital finance through payments innovation.

🇺🇸 AvidXchange said to weigh sale after takeover interest. The fintech unicorn has been in discussions with private equity firms amid growing interest in fintech investments and alternative banking. The sale would mark another milestone in the fintech disruption landscape as firms seek banking-as-a-service expansion.


MOVERS AND SHAKERS

🇦🇺 Digital bank Up lands new CTO Meera Shanaaz Aneez. Her role as CTO includes overseeing banking innovation, ensuring mobile banking platforms scale effectively, and integrating AI in banking for a seamless digital banking experience.

🇺🇸 Momnt has bolstered its leadership team. Ryan Brennan has joined as CBO, bringing over 20 years of experience. Cara Rivera has been promoted to COO, responsible for compliance, IT, security, and project management. Lindsay McAndrew has been promoted to CPO, with a background in product roles at Momnt and other companies.


Want your message in front of 100.000+ FinTech fanatics, founders, investors, and operators?

Shoot me a message on LinkedIn or send me an e-mail.

Daily fintech updates