Curve, the UK-based fintech firm, that combines multiple cards in a single app and card, raised $95 million in a funding round led by IDC Ventures, Fuel Venture Capital and Vulcan Capital.
This brings its total raised to date to $175 million.
Despite the pandemic, Curve said it had seen significant growth during the last year.
The cash injection will be used to expand its operations internationally.
As of right now, Curve has some 2 million customers with a large European user based.
It recently partnered with Plaid to bring open banking to the UK.
The app allows clients to view their accounts in a single place.
Shachar Bialick, founder and CEO of Curve, told TechCrunch:
“We tried to remove the friction customers have at the checkout. For instance, you might be out and not have an internet connection, or you want to switch the card to be charged, so you can pay, and then later go back in time and change the accounts that were used. And then what transpired is that customers were using this feature because they wanted to free up cash in their checking account during COVID times.
In March, many of our customers asked us to be able to ‘go back in time’ from the debit cards to their credit cards for transactions they’ve made in January and in December, 2019, and because they need to free more cash in their checking account.”
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