Posted on August 16, 2019 by staff

UK FinTech Curve launches crowdfunding campaign


UK consumer FinTech Curve has announced its first crowdfunding campaign will begin in September this year.

The firm, which allows its customers to consolidate multiple cards and accounts into one smart card and accompanying app, has said the raise with seek to secure a seven figure sum.

Valued at a quarter of a billion dollars, and having already raised over $70m to date, the business is set to double its customer base to around 1 million by the end of the year.

The raise, available to eligible Curve customers, will allows investment from £10 and will give access to shareholder rewards.

Curve is working with Crowdcube on the raise, which as previously been used for FinTech crowdfunds at Monzo, Nutmeg, Freetrade, and Revolut.

Shachar Bialick, Founder and CEO of Curve said: “Curve’s crowdfund campaign presents an exceptional opportunity for our eligible customers to invest in a product they love and a business that is growing at a phenomenal rate.

“Innovation at Curve is constant, and we will be rolling out a series of game changing benefits and functionalities, while continuing our growth into Europe in the months ahead”.

Luke Lang, co-founder of Crowdcube, added: “Curve’s campaign shows how harnessing the power of community can be turned into a strategic business milestone. We’re delighted to be partnering with Curve to open up an exciting avenue for new and existing customers to invest.”

The firm said there will be a finite amount of investment available and participation will be allocated on a first come first serve basis.

Eligible customers can pre-register before September through Curve’s app.