500,000 customers (goal: 1 million by the end of 2019)
Average spend per user: €1,700/month
Targets: Multi-banked customers ages 30 to 45
£500 million (roughly €560 million) spent through their services since launch
Hiring more employees. Curve plans to hire 100 additional employees to grow their team from 150 to 250 people by the end of 2019.
Opening up to new markets. They will capitalise on this investment to expand their international reach. France, Germany, Italy, Poland, Portugal and Spain should be addressed by the end of the year, and Curve will later on aim for the US.
Withstanding competition from challenger banks and long-standing industry players. Just like Lydia and Max in France, Curve issues an all-in-one card. They rely on a meta-banking model, acting as a single spot interface for their customers. They charge interbank fees and card fees.
This funding Series allows them to become one of the Top 5 British FinTechs after TransferWise, Monzo, Revolut and Starling. Curve is also one of the 50 most promising FinTechs in Europe according to FinTechCity.