The firm's work with Curve includes advising on its USD$55m Series B funding round in 2019, its record-breaking crowdfunding, and supporting the company on key commercial transactions including a landmark collaboration with Samsung on SamsungPay.
Curve allows customers to consolidate their various debit and credit cards to a single smart card and app, providing an integrated and seamless 'over-the-top' banking platform. In 2020, Curve reached two million customers in 31 countries across the UK and Europe. It will use its latest capital raise to expand internationally, including to the US, and to grow its European reach even further to fulfil its ambition of becoming the leading financial superapp.
The investment round was led by IDC Ventures, Fuel Venture Capital and Vulcan Capital, with participation from OneMain Financial and Novum Capital. IDC Ventures counts prominent scale-ups such as Tradeshift, RecargaPay, Boatsetter and CookUnity as part of its portfolio. With a diverse and international investor base, Taylor Wessing's team worked across multiple jurisdictions and time zones including the UK, Spain, Germany and the US.