London-based fintech Curve has added £58 million to its Series C funding round, bringing the total amount raised in the Series C round to over £133 million. The latest investment was made by the venture division of Cercano Management, co-founded by Microsoft co-founder Paul Allen.
Curve’s app combines various payment cards into a single interface, allowing users to switch payments between cards after transactions are completed. The company, founded in 2018, previously raised £70 million in a separate tranche of Series C funding in 2021.
Curve plans to announce a partnership with a “payments giant” at the end of the month. The company has increased its gross margin this year and is now focusing on scaling the business sustainably toward profitability.
Curve’s technology allows it to intercept transactions and enhance the customer experience by offering double-dip rewards or eliminating hidden fees without requiring customers to change their payment cards.
The Series C extension also attracted investments from Britannia, IDC Ventures, Cohen Circle, Outward VC, and others, bringing the total raised to £208 million.