London – Curve, the over-the-top banking platform which consolidates multiple cards and accounts into one smart card and one even smarter app, is launching a seven-figure crowdfunding campaign this September.
Curve is valued at a quarter of a billion dollars which positions the company firmly amongst the UK’s most exciting scaleups; Transferwise, Monzo, Revolut and Starling, and has raised over $70m to date.
Over 500,000 people have flocked to Curve and signed up to its All Your Cards in One smart card and app since it burst on to the fintech scene in 2018. The business is experiencing an extraordinary period of growth both in customer base and team size, growing to over 160 employees, and is set to double its customer base to around 1 million by the end of the year.
For the first time ever, Curve will be offering eligible customers a chance to invest in and own a part of Europe’s hottest fintech start-up. Eligible Curve customers will be able to invest from as little as £10 to own part of the business and gain access to some exclusive shareholder rewards.
Curve’s decision to crowdfund comes following continued demand from its customers to open up an allocation of investment and give its loyal fans the opportunity to become a key part of Curve’s success.
Curve is working with the world’s first and largest equity crowdfunding platform, Crowdcube, which boasts a remarkable track record for successful Fintech crowdfunding for some of the brightest UK businesses such as Monzo, Nutmeg, Freetrade, and Revolut.
Crowdcube will enable eligible customers to invest at the same Series B valuation as renowned institutional investors such as Gauss Ventures, Creditease, Cathay Innovation, IDC Ventures, Santander InnoVentures, Breega, Seedcamp, Speedinvest and Outward VC (previously Investec’s INVC fund).
Shachar Bialick, Founder and CEO of Curve said “We’ve always had a radical vision at Curve. Our aspirations are huge. We’re working to revolutionise the world of finance and move banking to the cloud. We’re building an Over-The-Top Banking Platform that simplifies your life and saves you money. No small feat. Whilst we may still be in the early stages of our journey, we’re extremely proud of our progress so far and we’re beyond excited for what’s to come”.
“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” added Bialick.
Luke Lang, the co-founder of Crowdcube, said, “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.”
There will be a finite amount of investment available and participation will be allocated on a first come first serve basis. Eligible customers who pre-register before September through Curve’s crowdfunding page here will be granted exclusive early access to invest.
Curve’s crowdfunding announcement comes amid a wave of new product launches on Curve’s platform. In June, Curve launched Curve Cash which gives Curve customers unlimited 1% instant cashback at leading retailers such as Amazon, Uber, Spotify, Netflix, Tesco, Sainsbury, and over 100 more retailers. Earlier this year, Curve launched enhanced Curve Customer Protection, protecting customers for purchases made up to £100,000, access to Travel Insurance, Gadget Insurance and over 1000 airport lounges worldwide.
Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Please note that past performance is not a reliable indicator of future results.
Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority (No 650205).