The collaboration will also allow consumers to earn cashback on their PayPal transactions and build it up in their Curve Cash balance to either spend straight away or save up for a special treat.
Customers will be able to directly connect their personal or business PayPal account to Curve without having to enter account, debit or credit card details, and select it as their preferred payment option to make purchases in-store, expanding PayPal’s reach to include Point of Sale, as well as contactless transactions.
Shachar Bialick, founder and CEO of Curve, said,: “Our work with PayPal takes us another step further to unlock new opportunities for digital payments, and also cements our position as one of the most consumer-centric financial products in anyone’s wallet or cellphone.”
Last week, Curve secured an additional £58m extension of its Series C round, bringing its funding total to over £133m, in one of the largest rounds of 2023.
The funds are expected to enable the London-based FinTech to improve its app’s overall customer experience, expand its Flex offerings, and bring exciting new partnerships to the market.
The extension round saw participation from Britannia, IDC Ventures, Cercano Management (the venture arm of Microsoft co-founder and philanthropist Paul G. Allen’s estate), Cohen Circle, Outward VC as well many other existing shareholders.
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