Curve reportedly raising Series C funding

By Aisling Finn on Monday 3 August 2020

Digital Banking

Curve will join a long list of fintechs which have all completed raises under lockdown.

Curve reportedly raising Series C funding
Image source: Shachar Bialick/Curve

Curve, the all-your-cards-in-one fintech, is looking to raise fresh capital, according to Sifted, and confirmed by AltFi’s own sources. 

The cash will be Curve’s latest fundraising effort after it closed a $55m Series B round last July. 

It is still yet to be confirmed how much the fintech is looking to raise, although AltFi’s sources did confirm that Curve was currently in the process of fundraising. 

Throughout lockdown, Curve has remained steady with the fintech continuing to expand its products and services both domestically and abroad. 

In late May, Curve introduced its premium metal card across Europe, something which was one of the most highly requested product launches by Curve’s European customers. 

Curve also began testing Curve Credit, which will allow users to split payments across cards linked to their Curve account, ahead of its launch later on this year. 

More recently, however, Curve found itself entangled in Wirecard’s demise. 

Despite beginning to migrate away from Wirecard in April, following the delay in its audit from KPMG, the fintech suffered outages when the FCA suspended Wirecard’s UK entity.  

The fintech was still in the process of moving its core processes in house, a transfer that it was able to complete in just a few days, completely overhauling its refund system in the process. 

Just last week, the fintech announced the appointment of Curve’s first CFO, Scott Weller, who joined the bank from PayPal. 

Sign up for our newsletters

Your daily 7am download of all things alternative finance and fintech.

Fintech and alternative finance headlines with an exclusive Editor's Note each week. Delivered Monday at midday.

AltFi's new weekly US newsletter breaking down the ins and outs of America's burgeoning fintech sector. Delivered Monday 9am EST/ 6am PST.