Curve Raises $95 Million as It Plots U.S. Debut

Just a few weeks into 2021, the FinTech deals market is already starting to heat up. Last week, London-based Curve announced that it had raised $95 million in its latest funding round. The Series C was led by the trio of IDC Ventures, Fuel Venture Capital, and Vulcan Capital. OneMain Financial and Novum Capital also participated. With the latest round, Curve has raised a total of $175 million to date.

With the funds, Curve not only plans on expanding its reach in Europe but also intends on coming to America. While no launch date was given (and the app is not currently available in the United States App Store), the startup did open a Brooklyn office last February and is expected to make its stateside debut sometime this year. In the meantime, Curve is currently available in 31 markets and the company intends to roll out its new product Curve Credit in “early 2021.”

In a press release announcing the funding round, Curve founder and CEO Shachar Bialick stated, “We are ecstatic that our investors share Curve’s vision to empower as many people as possible to take control of their money and move banking to the cloud. This fundraise stands out as an endorsement of Curve’s unique product strategy, the excitement surrounding the debut of Curve Credit, and the upcoming launch of Curve in the U.S.” Bialick went on to praise those that helped the startup to this point, adding, “I want to thank our partners and shareholders, and the entire team at Curve for their tireless work to thrive throughout 2020.”

Meanwhile, IDC Ventures Managing Partner Bobby Aitkenhead said of the FinTech, “Curve’s pioneering approach to finance is more necessary than ever as we accelerate globally to a digital-first world. We are proud to support Curve as they bring their much-needed seamless banking experience to the United States in 2021. ” He also pointed out his company’s previous investment in Curve, saying, “Ever since we first invested in Curve in 2019, Shachar Bialick and his team have inspired us with their energy and vision of an all-in-one banking platform.”

Curve’s planned arrival in the United States comes after some other FinTech’s have also crossed the pond. Among them is Revolut, which officially launched in the U.S. last year and continues to add features for its American customers. Elsewhere, the family-centric personal finance app GoHenry also recently arrived in the States after finding initial success in its native U.K.

Certainly Curve has some stiff competition waiting for it as it expands to the United States. At the same time, with the FinTech and neobank markets exploding, there’s no reason why it can’t hold its own upon arrival. Overall, Curve is yet another import to keep an eye on as it attempts to make a splash in the FinTech space.


Jonathan Dyer

I'm a small town guy living in Los Angeles looking to make solid financial decisions. I write for a number of finance websites, including HuffingtonPost and Business2Community. I founded in 2015 to focus on personal finance and the emerging FinTech markets.

Other Articles by Jonathan Dyer

Nitra Latest FinTech to Join Visa's Fast Track Program

A spending insights platform built for healthcare professionals is getting a big boost by joining up with a major card company. This week, Nitra announced that it was the latest startup to join Visa's Fast Track program. As a result, the company will now have access to Visa's global payment network, VisaNet Nitra is a FinTech offering spending management tools for private practice physicians. With the platform, clients can issue...

Stripe Raises $6.5 Billion, Now Valued at $50 Billion 

FinTech giant Stripe has just closed a massive funding round, but is once again cutting its valuation. The online payments company has announced that it's just raised $6.5 billion. The Series I included participation from returning investors Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, and Thrive Capital, while new investors GIC, Goldman Sachs Asset and Wealth Management, and Temasek also joined. Goldman Sachs served as sole placement...

Chase Reveals Q2 2023 5% Bonus Categories for Freedom Cards

One of the biggest perks of the popular Chase Freedom Flex card (and its predecessor the Chase Freedom card) is the ability to earn 5% cashback on categories that rotate each quarter. Currently, these categories include grocery stores, fitness clubs and gym memberships, and purchases at Target. Now, with the first quarter of the year drawing to an end, Chase has revealed its Q2 2023 bonus categories. From April 1st...