Curve, a UK-based payment technology provider backed by online wealth manager CreditEase, has received $95m in a series C round featuring personal finance firm OneMain Financial.
Investment bank Grupo IDC co-led the round with Fuel Venture Capital and Vulcan Capital through its IDC Ventures unit, while Novum Capital also participated.
Founded in 2015, Curve allows European customers to route purchases from several bank or credit accounts through a single debit card and includes smart features such as instant notifications.
The company will utilise the funding to pursue growth objectives including the launch of a new pay-in-instalments service – Curve Credit – in the coming months. It also plans to expand into international markets including the US and said it has now raised almost $175m to date.
Gauss Ventures led a $55m series B round for Curve in mid-2019 that included CreditEase and Santander InnoVentures, the investment arm of financial services firm Santander since spun off as independent venture capital fund Mouro Capital.
The series B also featured asset management firm Investec’s Outward VC vehicle, IDC Ventures, Breega, Seedcamp and Speedinvest, and it valued Curve at around $250m.
The company had already secured $10m in a 2017 series A round led by Connect Ventures and backed by Santander InnoVentures, Investec, SpeedInvest, Oxford Capital, Breega Capital, Samos Investments and undisclosed angel investors. Its earlier backers include Connect Ventures, Samos Brothers and London Co-Investment Fund.