Gauss leads $55m series-B for Curve

The transaction values the company at $250m and also saw participation from Creditease, IDC Ventures, Olayan Group and Cathay Ventures, alongside existing backers Santander, Breega, Seedcamp and Speedinvest.

Curve will use the fresh capital to launch its services in France, Germany, Italy, Poland, Portugal and Spain by the end of 2019 and in the US by the middle of 2020.

Gauss Ventures adviser Michael Burns will take a seat on the Curve board of directors as part of the deal.

Previous funding
Curve raised two rounds of seed funding in 2015, with Kima Ventures invested in a $1m round, and Speedinvest and Speedcamp backing an additional $2m round alongside London Co-Investment Fund and business angels.

A consortium of banks and VC firms led by Connect Ventures then invested in a $10m series-A round for the company in 2017.

Company
Founded in 2015, Curve provides smart cards and related mobile apps that consolidate multiple credit cards into one. The company has a headcount of 150 across its offices in London and Bristol, and its products are available across 31 European countries.

People
Gauss Ventures – Daniel Gusev (partner).
Curve – Shachar Bialick (founder, CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland
• Financials
• United Kingdom
• Venture
• Fintech