London-based fintech Curve is in the market for a new equity round that is rumored to be between £100 million and £120 million; if successful this will be one of the largest UK raises of the pandemic second only to Checkout’s £150m raise in June; last July Curve raised their Series B at a £250 million valuation so they are not expected to become a unicorn with this round; UK fintech investment was down 39% year over year in the first half of 2020 it may be a difficult funding round; Curve’s ambition is to become the “Spotify of banking” and they need more capital to realize that vision. Sifted.
Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.