Since announcing their crowdfunding campaign on the 11th of May, London’s fintech Curve saw 21,000 sign-ups within the first 24 hours, clearly reflecting a massive interest from customers. As of the timing of this release, the company is reporting approximately 35,000 interested investors.
This isn’t the first time Curve has turned to the crowd to further fuel its ambitions. In September of 2019, the firm conducted a record-breaking campaign, raising £4 million in just 42 minutes. Since this time the company has tripled its valuation to just shy of £600 million, and between February 2020 and March 2021 Curve has grown its numbers of over 2 million customers and recruited more than 100 new faces.
“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,” comments founder and CEO Shachar Bialick. “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.”
Institutional investors in Curve include IDC Ventures, Fuel Venture Capital and Vulcan Capital, who together led Curve’s recent £72.5 million Series C funding round.
The campaign goes live on the 25th of May with pre-registration closing the day before.
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