UK FinTech firm Curve has announced it will open its first US office in Brooklyn New York, the base of its American operations.
Curve, which consolidates multiple cards and accounts into a single card and app, claims it is the first UK FinTech to open an office in Brooklyn.
It said the area would provide access to FinTech talent and a burgeoning start-up scene.
The new location is expected create 185 jobs in the U.S by 2024, and see nearly $17m of investment in research and development over the next decade.
Since Curve launched in European markets in 2018, more than 900,000 users have signed up for a Curve card, and more than £1.2bn has been spent on the Curve platform.
Its US expansion will be led by its newly appointed VP, Head of North America Amanda Orson who will be based out of the Brooklyn Office.
“I am honoured to join the team and lead Curve’s product expansion in the United States and be able to start this adventure from the world’s premier financial hub, recruiting from a pool of the best tech talent in the world.”
Eric Gertler, Empire State Development Acting Commissioner and President & CEO-designate said, “New York City has long been known as the center of the finance industry — and our rapidly growing tech ecosystem is building on that strong foundation to support some of the most innovative, interesting, and successful fintech firms.
“Curve’s decision to open its first U.S. office in Brooklyn is a testament to everything the Empire State has to offer, and we are proud they will call New York home for years to come.”
2019 saw two significant funding milestones for the scale-up. The firm closed its series B funding round in July at £44m, valuing the business at a quarter of a billion dollars. It also became the fastest UK start-up to raise £4m in crowdfunding on Crowdcube.