Curve, the financial ‘super app’, announces it’s going live with its crowdfunding campaign on Tuesday May 25th, following a surge in demand from customers.
Since Curve announced its crowdfunding on May 11th, more than 35,000 individuals have expressed an interest in investing.
In the first 24 hours of Curve’s announcement on May 11th, 21,000 individuals signed up to register interest for Curve’s crowdfund. Prospective investors include existing and new customers.
Curve launched the campaign to give its growing customer base an opportunity to share in its future success.
Since its record-breaking crowdfund in September 2019 (when Curve raised £4m in 42 minutes), Curve’s valuation has tripled to £591.7m, reflecting the company’s rapid growth and future prospects.
From February 2020 to March 2021, Curve has more than doubled its customer base to over 2 million and expanded its workforce by over 100. Curve’s gross transaction value has grown to £2.6bn since it launched its app to the public in 2018.
Shachar Bialick, Founder and CEO of Curve, said: “Curve wouldn’t be where it is without the support of our loyal customers and growing community. This crowdfund is all about them. We wanted to bring our supporters closer, allowing them to benefit from the next stage of Curve’s exciting journey as we double down on our growth plans, including launching in the US and revealing Curve Credit to the public. I’m over the moon that initial interest in the crowdfund has been so intense, and so many of our customers and supporters are looking to follow in the footsteps of our institutional investors. I look forward to welcoming a new wave of shareholders to Curve.”
New and existing customers who missed out on the opportunity to invest in Curve in 2019 will be able to invest alongside global institutional investors, such as IDC Ventures, Fuel Venture Capital and Vulcan Capital, who together led Curve’s recent £72.5 million Series C funding round.
Curve plans to deploy the funds raised by crowdfunding and its successful Series C round to fuel the company’s international expansion, and product innovation. Plans for the year ahead include the rollout of its award-winning Curve OS platform in the US, broadening its European reach, and the forthcoming launch of Curve Credit in the UK, and in Europe.