London-based digital wallet fintech Curve has secured a £37 million investment in a funding round led by venture capital firm Hanaco Ventures.
The round was supported by existing investors Fuel Ventures, IDC, Outward VC, and Lord Stanley Fink, who was appointed as Curve’s board chair in January.
The fresh capital injection is set to support Curve’s strategic growth, with a strong focus on achieving profitability and launching new products in 2025.
Among its key initiatives, the company is preparing to introduce Curve Pay, a digital wallet alternative for both Android and iOS users.
The investment will also strengthen Curve’s market expansion, infrastructure enhancements, and improvements to customer experience.
Curve provides a digital wallet solution that consolidates multiple payment cards into a single platform, enabling users to manage their spending more effectively.
The wallet integrates features such as cashback rewards, real-time spending insights, and fee-free foreign transactions.
Additionally, its unique ‘Go Back in Time®’ function allows customers to transfer past transactions between cards, aiding in cash flow management.
Curve’s founder and CEO, Shachar Bialick, stated:
“We see issuers looking to enter the market, and networks introducing innovative products such as Visa Flex and MasterCard One Credentials. This investment would allow us to invest further in our customer experience, bring new partnerships, and accelerate our path to profitability.”
Featured image credit: edited from Curve
