Curve raises $95m in Series C funding

Curve raises $95m in Series C funding

We are excited to announce that we have raised $95m in Series C funding! :tada:

Closing our Series C funding round is another huge milestone in our journey and brings us one step closer to achieving our mission of bringing banking to the cloud.

2020 was the toughest year we faced as a business. Securing this level of funding makes Curve one of only a select group of European fintechs to have raised sizable funds in a climate of widespread economic challenges, due to Covid-19 restrictions.

You, our customers, drive our growth and success. Without your support we wouldn’t be where we are today.

What do we plan to do with the money?

We will use the investment to kick start our international expansion, including the U.S, and further our presence in Europe. We’re under-taking much more product innovation, embarking on an ambitious roadmap.

Will this impact how I use Curve?

You will still be able to use Curve in the same way as before but this investment will help us to optimise our current features, speed up our feature release process and grow the team that will make all this happen. Think bigger, better and bolder products and services than ever before!

Thank you

We’d like to thank each and every one of you for continued support and for providing us with your suggestions, feedback and concerns. Your input has a direct impact on how we improve our product and steers us ahead on our mission to bring banking to the cloud.
We couldn’t do it without you!

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Congratulations. 2 obvious questions -

  • how are you planning to use these funds to bring customer support up to an acceptable level?

  • seems like you could just pay the 2k you owe Trussell Trust and FairShare out of this, and sort out any problems with MasterCard and Woo Commerce down the line? With $95 million you could even cover the 6% fees?

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A post was merged into an existing topic: Curve has raised $95m in Series C funding

Awesome ! Congrats ! :slight_smile:

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That’s brilliant. Congratulations.

The news many of us want to hear is that some of this money will be invested in your Customer Support, which, lets be honest is pretty diabolical at the moment.

This should be your priority and should be way above all the little knobs and whistles your are trying to develop.

Back to basics and get your customer support sorted and make it second to none.

48+ hours for a response is diabolical.

Don’t bite off the hand(s) that feed you.

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Thank you guys!

This investment will of course be used to improve our services, process and all-round customer experience. As mentioned above, we’ll be growing the teams to make this happen.

I’m glad to say that the donations raised were passed to the charities at the end of December!

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A post was merged into an existing topic: Curve has raised $95m in Series C funding

Interesting to see that the money will be used for expansion.

As with a lot of companies, the focus appears to be growing customer base, rather than profitability. The first not necessarily leading to the second.

What plans do you have to turn a profit - other than growing numbers obviously?

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A post was merged into an existing topic: Curve has raised $95m in Series C funding

will there be crowdcube funding again?

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A post was merged into an existing topic: Curve has raised $95m in Series C funding

Hope they get to do their own openbanking platform go for Japan middleeast as well

A post was merged into an existing topic: Curve has raised $95m in Series C funding

A post was merged into an existing topic: Curve has raised $95m in Series C funding

Hello,
I backed Curve with crowdcube and I would like to know what the valuation for the Sere C funding was. I have not found any information online.
Thanks Reinhold

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Let’s face it, the fact that we have not heard the valuation 2 months after the raise is because it is not shiny news: little to no uplift for previous investors.

Really not impressed with Curve on this one, hiding information from the community definitely does not build trust.