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Curve raises $55 million in Series B funds to grow mobile banking platform

Curve 1 Ltd., the U.K.-based fintech, said it raised $55 million in Series B funds led by a group of new investors, including Gauss Ventures, Creditease, Cathay Innovation, IDC Ventures as well as an existing investor, Outward VC, according to a new post from CEO Sachar Bialick 

The company, which consolidates multiple cards into a single card and a banking app, plans to use the funding to accelerate product development and launch several new features. These include Curve Send, a P2P transfer program that allows customers to share one of their own cards with another customer as well as the ability to split a transaction into installments. 

Curve is also working on integration of Samsung Pay, Apple Pay and Google Pay into the app by the end of 2019, according to the post. 

The company said it is actively recruiting and plans to expand its team from 150 to about 250 people at its London and Bristol offices by the end of the year.