In this connected world, people access various aspects of their life including food, transport and many more through smart platforms in just a click. But when it comes to managing money and sticking to a budget, it’s still a problem for many.
There are several tools/apps available to solve money management problems. One such app is ‘Curve’. It is a platform that consolidates all bank cards into a single smart card and app.
Based out of London, Curve has raised $55 million (€49 million) in a Series B funding round led by Gauss Ventures, alongside Creditease, IDC Ventures and Outward VC. In addition to it, other investors including Santander InnoVentures, Breega, Seedcamp and Speedinvest participated as well.
This funding round brings the total valuation of the Curve to $250 million. According to the company, the funding will be used to enhance features on its platform and for European expansion.
Curve — building an ‘Operating System’ for money!
Founded by Shachar Bialick, Curve is building the world’s first Operating System for Money. The company is on a mission to simplify and unify the way you spend, send, see and save your money.
It does so by linking all your accounts and cards onto one smart platform with a smart Curve Mastercard.
In addition to it, the platform allows users to track all their spendings in one place, add a layer of security on top of their existing cards, collect reward points, cut out bank FX fees abroad, and connect with various financial services, such as Xero for automation of business expenses.
Right now, the platform is currently available in 31 countries across Europe. It will officially launch into six European markets later this year: France, Germany, Italy, Poland, Portugal and Spain, and aims to launch its operations in the US by mid next year.
Shachar Bialick, founder and CEO of Curve, said:
While the challenger and traditional banks are busy fighting to win or retain new customers, Curve is building an Over-The-Top Banking Platform that provides customers with a better banking experience with no need to change their bank. Curve is playing a completely different ball game, it’s not a challenger bank which means that we can focus on creating a radically better customer experience, without asking customers to trust their salaries with us, or the significant overhead of becoming a regulated bank. Receiving this level of investment from such prominent investors is a fantastic endorsement of the value and experience Curve brings to its customers.
Stay tuned to Silicon Canals for more updates in the tech startup world.