London-based Curve, the fintech start-up ‘reimagining’ the bank card, has completed a $2m fundraising with co-investors Speedinvest, Seedcamp, and the Mayor of London’s London Co-investment Fund. Several renowned angels also participated in the round, including Ed Wray of Tandem, Taavet Hinrikus of TransferWise, Ricky Knox of Tandem, and previous members of Google Wallet.
Curve’s product, which remains in closed beta, has been described as sitting ‘in the intersection between mobile payment systems such as Apple Pay, and that of the traditional bankcard’.
“At Curve, we’re focussed on building a product that will bypass the issues that currently hinder mobile payments adoption, and are thrilled to have attracted the backing and commitment from our incredible investors” said Curve CEO Shachar Bialick. “We are using the funds to further grow our amazing team, alongside developing the product with our users”.
Founded by three INSEAD MBA graduates, the start-up has announced plans for full launch early in the coming year. A start-studded advisory board includes Adrian Kamellard, former CEO of the UK Payments Council, Tomer Michaeli, co-founder of fintech start-up Fundbox, and Stefan Kestil, a partner at Speedinvest.