News

Fintech Startup Curve Raises $55M For its Mobile Banking App, Boosting Its Valuation to $250M

Curve app has over 500,000 users and is on track to add half a million more this year.

Curve App

Curve, the London-based fintech startup, has raised $55 million for its mobile payment app in the Series B funding round. Over the-top banking platform takes its total funding to date to $75 million.

Curve app lets users combine multiple credit and debit cards in its single mobile banking app.  The users can use all the cards via one Curve card. 

Curve’s latest funding round is backed by Gauss Ventured, IDC ventures, Credittease including the participation from  Outward VC, Breega, Speedinvest, Santander InnoVentures, and Seedcamp.

With the latest injection of funds, the valuation of mobile payment app hits to $250 million. The new funds will aid the company’s plan of adding more new features to its digital banking platform and expanding to six more European countries.  

curve funding rounds

Boasting about the Curve app’s reach in 31 countries across Europe, its founder and CEO Shachar Bialick, stated,

The digital banking service provider claimed to have 500,000 active users and looking to add half-million more by the end of this year.

He further added,

Daniel Gusev, founding partner of Gauss Ventures said,

Unlike other top mobile banking apps, Curve app’s technology includes a payment card that lets people interchange payments between different bank accounts and cards. With this technology, users can track payments from multiple cards at once.

In addition, it also offers expenses updates and monitoring like other competitors finance apps.

London-based startup’s future business plan is to become a fully-fledged bank instead of depending on commission fees derived from subscription fees for cards and cash withdrawals including incentives and various cashback offers.

Britain’s fintech has bagged $1.3 billion till date. UK’s FinTech adoption rate is 42%, against a global average of 33%. Surprisingly, 42% of digitally active adults are using the services of at least one FinTech firm, and more than 20 million people are using banking and mobile payement apps.

Tanya <span>Editor In Chief</span>
Written By
Tanya Editor In Chief

She is a content marketer and has more than five years of experience in IoT, blockchain, Web, and mobile development. In all these years, she closely followed the app development, and now she writes about the existing and the upcoming mobile app technologies. Her essence is more like a ballet dancer.

News

User-Friendly App Is The Key For Maximum User Retention

4 min read  

The mobile app market is getting more intense every day with the addition of hundreds of apps to the app stores. With the introduction of new technologies such as AR and VR, app business is growing at double pace. However, in developing an app that stands out of the crowd and users get addicted to i

News

Google Fi: Everything You Want to Know

4 min read  

Google is never short of ideas and most of the time; the tech giant is smart enough to surprise us. It’s tech gadgets like Home Hub, and Pixel Slate Chrome OS Tablet are all signature of perfection. Taking a look at the first three quarters of this year, Google did introduce a couple of tech g

News

Uber vs Lyft: Which Cab-Hailing Service is Better?

4 min read  

In the last two years, we've witnessed a revolution that was bought by none other than the ride-sharing industry and some of the mobile apps that offer these taxi booking services are Lyft, Uber, Hailo, Sidecar, etc. Whereas Uber and Lyft are considered to be two of the biggest names in the worl

News

Snapchat Using Its 'Snap Maps' Feature To Help Harvey Victims in Houston

4 min read  

Harvey- the hurricane, mutated into a tropical-storm which landed in Houston on Friday, causing the catastrophic flooding in the entire city. The storm has already killed 7 people in this Texas City and forced thousands to evacuate their homes.Several portions of the fourth largest city in the U

MAD Originals
MAD Originals

Cut to the chase content that’s credible, insightful & actionable.

Get the latest mashup of the App Industry Exclusively Inboxed

  • PRODUCTS
  • SERVICES
  • BOTH