Curve Lands £37 Million Investment Led By Hanaco Ventures
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Digital Wallet Curve has announced the completion of a £37 million investment round, led by Hanaco Ventures. Other platforms that participated in the investment round include Lord Stanley Fink, Outward VC, IDC, and Fuel Ventures.
According to the firm, the investment will be channeled toward Curve’s plans for 2025, which include several customer-driven improvements and industry-first product launches.
The firm wants to redefine how users and consumers manage their money in the future. More importantly, the additional funding will strengthen Curve’s financial position in the market as it tries to expand its operations across other regions.
Curve Wants To Offer More Features Following The Investment
The market is gearing up for competition among players as regulatory changes are forcing them to adapt to the digital wallet space across Europe. Other traditional banks are also looking at digital options to introduce their wallet solutions to consumers.
Curve noted that more consumers are looking for greater flexibility and more options to control their finances. The platform wants to offer more features and benefits to both banks and consumers at the same time.
The additional funding will enable Curve to expand its operations as it tries to meet consumer demands across the region. The firm plans to expand its partnership and market presence, enhance customer experiences, and strengthen its infrastructure.
Shachar Bialick, the founder and chief executive officer of Curve, commented on the funding round. “This latest investment reflects the confidence in Curve’s vision to redefine the digital wallet space,” he said.
Curve Wants To Introduce More Innovative Products To Its Over 6 Million Users
Bialick added that Curve is here to offer more options for users to control and manage their money. It will enable consumers to earn cashback on their cards, split old purchases into installments, and avoid forex fees from any linked card.
The platform is looking to introduce innovative products such as MasterCard One Credentials and Visa Flex as it looks to enter the market. The additional funding would enable the firm to accelerate its path to profitability while bringing new partnerships and investing further in the firm’s customer experience.
Bialick said Curve will continue to deliver a digital wallet designed to offer more flexibility and control to its consumers who are now more than 6 million users.
The introduction of the Curve Card will offer more convenience for consumers to easily manage their money. Curve says it will also offer borrowing features and benefits. With the introduction of Curve ReFI, consumers can easily transfer their balances from one card to the other instantly.
