Curve, an UK-based digital wallet provider, has raked in £37m ($47.9) in a funding round led by Hanaco Ventures.
Existing shareholders including Fuel Ventures, IDC, Outward VC, and Lord Stanley Fink also contributed to the round.
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This capital is expected to facilitate the company plans for 2025, focused on new product launches and “customer-driven enhancements”.
Curve plans to expand its market reach, forge new alliances, and enhance its infrastructure, aimed at speeding up its road to profitability.
Currently, the company serves over six million users worldwide.
Curve CEO & founder Shachar Bialick said: “Curve is the only wallet that adds superpowers to your money; avoid Fx fees from any linked card, split old purchases into installments, earn cashback on top of any card and more. We see issuers looking to enter the market, and networks introducing innovative products such as Visa Flex and MasterCard One Credentials. This investment would allow us to invest further in our customer experience, bring new partnerships, and accelerate our path to profitability.”
Tomer Jacob FROM Hanaco stated: “Curve reimagined the digital wallet delivering a one-of-a-kind financial experience that simplifies and supercharges how you pay and manage your money – all without changing your bank. The Curve team has proven to be resilient and innovative, and we are excited to support Curve as it continues to grow, bringing more choice and flexibility to the digital wallet market, and to its millions of users.”
The Curve Card provides rewards accumulation, real-time spending insights, and avoidance of foreign exchange fees.
Its ‘Go Back in Time’ feature allows users to transfer transactions between cards retroactively, aiding in cash flow management and debt avoidance.
Additionally, Curve ReFI offers customers to shift balances between cards, preventing late payment fees, and overdrafts.
Curve Flex further supports financial management by enabling customers to split past or future purchases into smaller, more manageable instalments.
Curve has partnered with Infact to introduce real-time credit reporting for Curve Flex users.
