Payments and banking platform Curve has collected £6m in its crowdfunding campaign, which is has closed just months after a £42m Series B.
The FinTech smashed the initial target for the fundraise, which had been set at £1m.
Its crowdsale was held on the Crowdcube platform and attracted investments from 9,592 individual investors. A total of 2.89 per cent of Curve’s equity was split between these investors.
Curve raised the funds at a £201m pre-money valuation. Its £42m Series B had been raised at a pre-money valuation of £158m.
The Series B round closed in July and was led by Glass Ventures. Other contributions came from previous Curve investors including IDC Ventures and Outward VC.
Curve’s connects a consumer’s various cards and accounts into one smart card and app, helping them to control and save money. The startup also offers a host of benefits to its customers. For instance, it offers one pre cent cashback, it makes cards fee-free when spending abroad as well as instant notifications and categorisation of spend.
The company has an annualised customer sign-up growth rate of 304 per cent and users spend an average of £1,459 per month via the platform.
Last month, the company joined the Financial Conduct Authority’s sandbox, alongside Onfido, Monese, Seedrs, and B-Social.
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