8.6 C
New York
Wednesday, September 30, 2020
Home Fintechs Curve is set to raise £100m in the upcoming Series C

Curve is set to raise £100m in the upcoming Series C

Curve has managed to overcome the Wirecard struggle and now is looking to raise fresh capital, according to Sifted.

The goal is to raise between £100m and £120m in its Series C round. This amount will be Curve’s latest fundraising effort after it closed a $55m Series B round during July 19′.

Curve will use the new funds to focus on propelling the fintech’s international expansion, one of the sources with direct knowledge of the deal told Sifted.

The ‘all cards in one’ company is also quietly pushing forward its “Klarna rival” option. The “Curve Credit“ is being tested with just a small number of customers at the moment. The full launch is expected later this year. Just like Klarna, it offers credit on purchases made with your Curve card, which is to be paid back in installments.

Read also: Curve is testing the Curve Credit, a Klarna like service

Curve has also introduced a premium Curve Metal card and other features in the European Economic Area (EEA).

Curve’s Metal card product includes travel insurance, discounted lounge access with LoungeKey, foreign exchange rates info, and phone insurance. This all comes for a subscription fee of €14.99 a month or €150 a year.

The company’s new investors will, therefore, be hoping that Curve can now double down on new revenue channels.

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

Recent posts

N26 names Dropbox’s Adrienne Gormley as its new COO

The German challenger N26 has introduced changes in the leadership team with two new C-Level hires.

Penta, the Berlin-based digital business bank

Penta provides banking for small and medium-sized enterprises (SMEs) and is headquartered in Berlin, with offices in Milan and Belgrade.

The Everly Summary (weekly TOP5 news)

Welcome to Everly.eu’s weekly summary. Let’s see the most important news we have covered during the last week in a TOP 5 list!

Robinhood managed to raise another $460m

The stock trading app Robinhood has added $460m to its Series G funding round closing a total of $660 million at an $11.7 billion valuation.