Curve adds £2m to fight FinTech fragmentation

UK startup Curve is adding another £2m ($2.6m) to its seed round to bring its total funding to £3.5m.

The fresh capital comes from Connect Ventures and new individual backers.

Curve aims to pull together users’ multiple cards, tools and services into one app in an attempt to reduce the fragmented nature of the fintech landscape.

It currently offers a smart MasterCard that is controlled through its app and claims more than £15m has been spent on the cards to date.

The London-based startup was founded in 2015 and counts some high-profile backers including TranferWise CEO Taavet Hinrikus, Azimo CEO Ricky Knox and Seedcamp.

The company currently targets small business owners but plans to launch its consumer version early next year.

Curve says it is in talks with VCs to raise a larger round of funding later this year to help fuel its expansion.

Copyright © 2016 FINTECH GLOBAL

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