UK-based financial technology startup Curve raised $10m on Wednesday in a series A round featuring Santander InnoVentures, the fintech investment arm of banking group Santander, TechCrunch reported yesterday.
Connect Ventures led the round, which included banking and asset management group Investec, SpeedInvest, Oxford Capital, Breega Capital and Samos Investments, with participation from angel investors with backgrounds in financial services and venture capital.
Founded in 2015, Curve allows a user to consolidate all their credit and debit cards into a single card that allows users to manage their finance and switch between various accounts using a mobile app.
Shachar Bialick, founder and CEO of Curve, said: “Curve is seeking an unusual position in the emerging marketplace for financial services – to complement, not replace, incumbents and deliver customer value by simplifying mobile access to a growing range of propositions.
“We believe it takes boldness and creativity for an incumbent bank to partner with us as together we invent the future of marketplace banking. Everything about our relationship with Santander tells us we have found the right partner to work with, and weare excited to work closely together to earn our place in the lives of the customers.”
The company raised £2m ($2.6m) in seed funding in September 2016 from Connect Ventures, Samos Brothers and angel investor Paul Townsend, after securing $2m in December 2015 from London Co-Investment Fund and various angel investors.
– Image courtesy of Curve 1 Limited.