Curve Secures £37M Investment to Propel Growth and Unveil Innovative Curve Pay Digital Wallet
Curve, a leading digital wallet provider known for its innovative payment management solutions, has successfully secured £37 million in a recent funding round led by Hanaco Ventures. This significant investment underscores the growing confidence in Curve’s mission to transform the digital wallet landscape.
Funding Round Details
The funding round saw participation from several existing investors, including Fuel Ventures, IDC, Outward VC, and Lord Stanley Fink. The new capital will primarily be directed towards:
- Achieving profitability by 2025
- Expanding product offerings, including the upcoming launch of Curve Pay
- Enhancing customer experience and infrastructure
Innovative Features of Curve Wallet
Curve offers a robust digital wallet solution that consolidates multiple payment cards onto a single platform, making it easier for users to manage their spending. Key features include:
- Cashback rewards on purchases
- Real-time spending insights for better financial management
- Fee-free foreign transactions
- ‘Go Back in Time®’ feature, allowing users to switch transactions between cards for improved cash flow management
CEO’s Vision for the Future
Shachar Bialick, founder and CEO of Curve, expressed his enthusiasm regarding the investment. He stated, “This latest investment reflects the confidence in Curve’s vision to redefine the digital wallet space. The Wallet Wars are here, and the only available solutions for customers to date are simple wallets which do nothing more than let you pay with your card.”
He highlighted that Curve is unique in the market, providing features that empower users to:
- Avoid foreign exchange fees from linked cards
- Split past purchases into installments
- Earn cashback on top of any card
Industry Recognition
Tomer Jacob from Hanaco Ventures praised Curve’s innovative approach, stating, “Curve reimagined the digital wallet, delivering a one-of-a-kind financial experience that simplifies and enhances how you pay and manage your money – all without changing your bank.”
With this funding, Curve aims to further enhance its customer experience, explore new partnerships, and accelerate its growth trajectory. For more information about Curve and its offerings, visit Curve’s official website.
For insights into the evolving digital wallet market and its implications, check out this article on Forbes.
