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August 3 2020

Curve is set to raise £100m in the upcoming Series C

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Curve has managed to overcome the Wirecard struggle and now is looking to raise fresh capital, according to Sifted.

The goal is to raise between £100m and £120m in its Series C round. This amount will be Curve’s latest fundraising effort after it closed a $55m Series B round during July 19′.

Curve will use the new funds to focus on propelling the fintech’s international expansion, one of the sources with direct knowledge of the deal told Sifted.

The ‘all cards in one’ company is also quietly pushing forward its “Klarna rival” option. The “Curve Credit“ is being tested with just a small number of customers at the moment. The full launch is expected later this year. Just like Klarna, it offers credit on purchases made with your Curve card, which is to be paid back in installments.

Read also: Curve is testing the Curve Credit, a Klarna like service

Curve has also introduced a premium Curve Metal card and other features in the European Economic Area (EEA).

Curve’s Metal card product includes travel insurance, discounted lounge access with LoungeKey, foreign exchange rates info, and phone insurance. This all comes for a subscription fee of €14.99 a month or €150 a year.

The company’s new investors will, therefore, be hoping that Curve can now double down on new revenue channels.

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  4. European Fintech Association Elects New Board of Directors

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