Fintech Curve managed to raise £10m in just 54 hours, making this the largest equity raise on Crowdcube’s record.
The campaign attracted almost 12,000 investors in less than three days, as £6m were raised in the first three hours of the campaign going live.
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This fundraise has also been Crowdcube’s most popular one in 2021 and breaks the total of £6m Curve raised during its 2019 crowdfund.
“Hats off to Curve for another landmark raise with Crowdcube, they continue to impress investors with their unique proposition. It’s a really exciting time for their shareholders, both new and existing,” Crowdcube cofounder and chief managing officer, Luke Lang, said.
Shachar Bialick, founder and CEO of Curve, says: “Ever since our last crowdfund in 2019, our customers have been requesting another opportunity to take a share in Curve. So we launched this campaign to give the public a chance to join us as we embark on the next stage of our exciting journey when we reveal Curve Credit to the world and launch in the US.”
“We’ve been blown away by the level of interest we’ve seen over the past three days, and I’m so excited to welcome nearly 12,000 investors on board,” he added.
The crowdfunding follows the £132m Curve has managed to raise in cash and capital commitments to-date to support its rapid growth, including the capital secured in the FinTech’s recent successful Series C, led by IDC Ventures, Fuel Venture Capital and Vulcan Capital.
The capital that was raised through the crowdfunding and its recent Series C round is going to be used by Curve for further international expansion and product innovation.
This strategy also consists of the rollout of Curve OS platform in the US, broadening its European reach, and the forthcoming launch of Curve Credit in the UK, and in Europe.
This crowdfunding round caps a very important year for Curve. In the last year alone, it has hired over 100 new staff, doubled its customer base, and it has seen the volume of transactions it processes increase by over £1 billion to £2.6 billion, despite the backdrop of a global pandemic.
