Fintech startup Curve raises $55m

Fintech startup Curve has just announced a $55 million funding round from a group of investors as part of a successful Series B funding round. This brings the startup’s valuation to $250m.

Curve’s growth has been pretty impressive over the years. In 2016, it raised $2m in a seed funding round to get its product out to the market. In 2017, the fintech raised $10m in a Series A round to boost its growth, build new features and recruit more staff.

The Series B will mark the beginning of a new era in banking – an Over-The-Top Banking Platform that provides a better banking experience, and places Curve in the top five UK consumer fintechs next to Transferwise, Monzo, Revolut and Starling.

The round is being led by Gauss Ventures, a fintech investor whose te

am has a track record of funding some of the brightest UK fintechs, as well as backing high impact technologies that reshape industries, and comes less than two years after Curve secured its Series A investment.

Curve is available in 31 European countries and plans to use the fresh funding to expand its product offering in the UK, Europe and overseas. It will officially launch into six European markets later this year: France, Germany, Italy, Poland, Portugal and Spain, and aims to launch its operations in the US by mid next year.

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