UK-based payments company Curve has bagged $10m for its Series A funding round.
Contributions to the funding came from firms including Santander InnoVentures, Oxford Capital, Investec, Connect Ventures, Speedinvest, Breega Capital and Samos Investments. Alongside these backers were several angel investor committements.
Curve combines all of a customer’s cards into one Mastercard card, allowing them to make transactions from their card-linked accounts. The company also offers a mobile app, allowing users to manage their money in one place.
The platform, which is in its Beta testing stage, is used by UK self-employed: entrepreneurs, freelancers, and small business owners. The service can be used anywhere accepting Mastercard, with total transactions processed reaching over £50m across 100 countries.
This funding will help the company increase the features it offers and hire more staff ahead of its launch.
Total capital received by Curve has reached around $14m, with the company receiving seed investments last year and in 2015.
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