By Aisling Finn on Wednesday 9 September 2020
The crowdfunding platform asked existing investors if they would take part in a fundraising campaign on Crowdcube.
The email asked existing investors in the all-your-cards-in-one fintech: “If the opportunity was available, would you be interested in investing in Curve again?”
The email read: “Curve may be looking to raise over £100m in an upcoming Series C round.”
Another indication that Curve is in the process of fundraising, CEO and founder Shachar Bialick ceased to be a “person with significant control” according to an update posted to Companies House yesterday that was backdated to 24 March 2020.
The removal of Bialick’s control could signal a dilution of his stake in the fintech which is part and parcel of bringing an investor on board.
The fintech put in a bid for a £10m grant from cash handed back by Metro Bank and NatWest after the two banks failed to complete their growth targets for SME lending.
Curve has had a rollercoaster few months.
The fintech was struck down in the collapse of Wirecard, despite having moved most of its payment processes in-house, some systems were yet to be transferred resulting in an outage when the FCA froze Wirecard UK’s operations.
Since then, Curve has struck a deal with Onfido to streamline its customers’ signup process, launched a card with Samsung Pay and expanded its current all-your-cards-in one offering to include loyalty cards.