London Fintech Curve Raises Nearly £10 Million in Largest Ever Equity Raise on Crowdcube
by Fintechnews Switzerland June 1, 2021Curve, a London fintech that allows consumers to store their payment cards in a single location, has secured £10 million in an equity raise on Crowdcube from 11,795 investors.
This is reportedly the largest ever equity raise on Crowdcube, breaking multiple records during the campaign.
The campaign was designed to enable Curve customers and retail investors to follow in the footsteps of some of tech’s leading institutional investors.
The funds raised this week follow the £132 million that Curve has raised in cash and capital commitments to-date to support its rapid growth, including the capital secured in the super app’s recent Series C, led by IDC Ventures, Fuel Venture Capital and Vulcan Capital.
Curve will use the funds raised by crowdfunding and its recent Series C round to execute its growth strategy, focused on its international expansion and product innovation.
This strategy includes the rollout of its platform in the US, broadening its European reach, and the forthcoming launch of Curve Credit in the UK, and in Europe.
To deliver this, Curve plans to add at least 200 employees to its workforce over the course of 2021.
In the last year alone, it has hired over 100 new staff, doubled its customer base, and it has seen the volume of transactions it processes increase by over £1 billion to £2.6 billion, despite the backdrop of a global pandemic.
Shachar Bialick
Shachar Bialick, Founder and CEO of Curve said,
“So we launched this campaign to give the public a chance to join us as we embark on the next stage of our exciting journey, when we reveal Curve Credit to the world and launch in the US.
We’ve been blown away by the level of interest we’ve seen over the past three days, and I’m so excited to welcome nearly 12,000 investors on board.”
Featured image credit: Curve
