UK-based payment technology provider Curve raised $55m today in a series B round that featured online wealth manager CreditEase and Santander InnoVentures, the fintech investment arm of financial services group Santander.
The round was led by fintech investment firm Gauss Ventures, with participation from Outward VC, a fund managed by asset management firm Investec, IDC Ventures, Breega, Seedcamp and Speedinvest. Curve is now valued at approximately $250m.
Founded in 2015, Curve allows users to aggregate all of their debit and credit cards on to a single digital smart card, which is managed through a dedicated mobile app.
Shachar Bialick, founder and chief executive of Curve said, “Curve is playing a completely different ball game, it is not a challenger bank which means that we can focus on creating a radically better customer experience, without asking customers to trust their salaries with us, or the significant overhead of becoming a regulated bank.”
Connect Ventures led the company’s $10m series A round in 2017, investing alongside Santander InnoVentures, Investec, SpeedInvest, Oxford Capital, Breega Capital, Samos Investments and several undisclosed angel investors.