Curve to launch its first crowdfunding campaign, sets seven figure target

Curve, an online banking platform, is set to launch is first crowdfunding campaign in September this year, with a seven-figure target.

The FinTech is valued at $250m and is now letting customers invest into it from as little as ?10. Participating in the crowdfund will give investors a share of the business and exclusive shareholder rewards.

It chose to launch a crowdfund follows demand from customers to open up for allocation. The crowdfund will be launched on Crowdcube, which has hosted similar sales for fellow UK FinTechs Monzo, Nutmeg, Freetrade, and Revolut.

This sale comes just months after Curve closed its Series B on $55m. Gauss Ventures, Creditease, Cathay Innovation, IDC Ventures, Santander InnoVentures, Breega, Seedcamp, Speedinvest and Outward VC, backed the Series B round.

There will be a limited amount of investment available and allocation will be on a first come first serve basis. Customers which pre-register before September will get exclusive early access to invest.

Curve platform consolidates multiple cards and accounts into one smart card and app. The startup also offers a host of benefits to its customers. For instance, it makes cards fee-free when spending abroad as well as instant notifications and categorisation of spend.

Shachar Bialick, Founder and CEO of Curve said, ?Were building an Over-The-Top Banking Platform that simplifies your life and saves you money. No small feat. Whilst we may still be in the early stages of our journey, were extremely proud of our progress so far and were beyond excited for what to come.

?Curve crowdfund campaign presents an exceptional opportunity for our eligible customers to invest in a product they love and a business that is growing at a phenomenal rate. Innovation at Curve is constant, and we will be rolling out a series of game changing benefits and functionalities, while continuing our growth into Europe in the months ahead.p>

Copyright ? 2019 FinTech Global

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