Curve Secures £37M Investment from Hanaco Ventures, Eyes Profitability and Curve Pay Launch
Deal News | Mar 14, 2025 | PR Newswire Cision Curve
Curve, a digital wallet company, has secured a £37 million investment led by Hanaco Ventures, with participation from existing shareholders including Fuel Ventures and IDC. This financial boost positions Curve to approach profitability and launch Curve Pay, a competitor to Apple Pay and Google Wallet, in 2025. The funding is expected to enhance Curve's product offerings, enabling the company to capitalize on market shifts and heightened consumer demand for digital wallet solutions. Curve plans to utilize the investment to strengthen its infrastructure, expand its market presence, and improve customer experiences. Hanaco Ventures expressed confidence in Curve's vision, emphasizing their support for the company's innovative financial solutions that empower consumers. Curve, known for its unique features like avoiding foreign exchange fees and its Go Back in Time® service, aims to further revolutionize the digital wallet space with its planned launch of Curve Pay, offering a new digital wallet alternative for both Android and iOS users.
Sectors
- Financial Technology
- Venture Capital
Geography
- United Kingdom – Curve is a London-based company, operating primarily in the UK, and regulated in the UK, EEA, and US.
- Europe – The expansion plans and market positioning of Curve involve the broader European digital wallet market.
Industry
- Financial Technology – The article discusses Curve, a digital wallet company, within the fintech sector, highlighting innovations in digital payments and consumer financial management.
- Venture Capital – Hanaco Ventures' investment in Curve represents significant activity in the venture capital sector, focusing on scaling fintech innovation.
Financials
- £37M – The amount of investment secured by Curve, led by Hanaco Ventures, to enhance its business operations and product offerings.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Curve | Target Company | Company | A digital wallet company aiming to expand its offerings and achieve profitability with the introduction of Curve Pay. |
| Hanaco Ventures | Lead Investor | Company | A venture capital firm leading the £37M investment round in Curve. |
| Shachar Bialick | CEO | Person | Founder and CEO of Curve, expressing strategic plans for the company's growth and innovation. |
| Tomer Jacob | Investor Representative | Person | Representative of Hanaco Ventures, supportive of Curve's innovative approach to the digital wallet space. |
| Fuel Ventures | Existing Shareholder | Company | An existing investor participating in the recent funding round for Curve. |
| IDC | Existing Shareholder | Company | An existing shareholder that participated in Curve's funding round. |
| Lord Stanley Fink | Investor | Person | One of the existing investors involved in the recent funding. |