8.6 C
New York
Thursday, October 6, 2022
Home News Is "Curve" moving to the U.S.A? They've already opened a center in...

Is “Curve” moving to the U.S.A? They’ve already opened a center in Brooklyn!

The Curve is a well-known London-based fintech with which you may combine your bank cards into one. Curve has about 300,000 cardholders at this point.

Now this fast-growing fintech decided to move on to the American market and open its center in Brooklyn, New York City. “Brooklyn is a fantastic location for Curve to launch its U.S expansion,” Amanda Orson, Curve’s new Vice President, Head of North America, said. “In the race to own the consumer relationship, we believe Curve is the right product for the U.S. market at the right time. And to be able to start this adventure from the world’s premier financial hub, and recruit from a pool of the best tech talent in the world, is exciting.”

Related: Revolut => Open banking? Yes in the U.K.

“U.S. consumers aren’t clamoring for a different, or additional, bank, they want their financial products to provide a better user experience. Curve’s all-in-one value proposition, ease of use, and obsession on customer experience are exactly what the US market needs,” added Orson.

Amanda Orson

This represents the first international fintech company in Downtown Brooklyn. As part of the project, Curve will create 185 new jobs by 2024 and invest nearly $17 million. This project supports New York State and New York City’s joint efforts to grow the tech economy and create well-paying jobs for New Yorkers.

Eric Gertler, Empire State Development Acting Commissioner, and President and CEO-designate said, “New York City has long been known as the center of the finance industry, and our rapidly growing tech ecosystem is building on that strong foundation to support some of the most innovative, interesting, and successful fintech firms. Curve’s decision to open its first U.S. office in Brooklyn is a testament to everything the Empire State has to offer, and we are proud they will call New York home for years to come.”

Related: The future of card payments in 2020+

This move comes from the fact, that the year 2019 was very successful for the company. It closed its series B funding halfway through, taking the company’s valuation to $250mn.

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Monzo gives its lowest-paid employees £1,000 cost of living payment

Digital bank Monzo is giving staff who earn less than £40,000 per year a one-off payment of £1,000 to help them cope with the cost of living.

N26 incorporates Bizum for its customers in Spain

The N26, a German digital bank, now also integrates Bizum among its payment methods, as for example, Orange Bank did in January 2021.

Klarna is set to make second round of job cuts

Swedish BNPL company Klarna Bank AB announced it will slash jobs once again after losing $39 billion of its valuation.

Revolut has become the most searched online bank in Europe

Revolut has become the winner in a study by CMC Markets that has analysed the most heavily searched European online banks and fintechs.