London-based fintech Curve has announced that the company has received a new strategic investment from Samsung Next. This new investment brings Curve’s total capital raised to over $250 million and will be used to further enhance its products and offerings to affluent consumers.
With digital wallets expected to account for half of all e-commerce spend in the UK, worth around £203.5 billion by 2027, competition in the digital wallet market is intensifying. A pioneer in this field, Curve seeks to move forward by enabling consumers to consolidate multiple cards into a single smart card and app and receive a range of financial features that offer unparalleled flexibility, convenience and financial information. Curve’s approach allows users to move transactions between cards after they’ve already taken place, eliminate currency conversion fees, earn up to 20% cash back on purchases and use a range of financial wearables for ease and convenience. Additionally, by leveraging the latest financial technologies, Curve equips users with data-driven insights to facilitate tailored financial decisions.
Carlos Castellanos, Samsung Next investor, said:
“Consumers often use multiple debit and credit cards, leading to a fragmented and cumbersome financial experience. We invested in Curve because of its innovative approach to consolidating multiple cards and accounts into a single digital wallet, offering seamless interoperability and an enhanced user experience without requiring consumers to switch banks or change behaviour.”
Shachar Bialick, CEO and Founder of Curve commented,
“We are excited to have the financial support of Samsung Next. For four years, Samsung Pay+ powered by Curve in the UK has combined all your cards from any bank into one digital card for easy shopping. This latest investment will allow us to continue to provide the best mobile wallet for our customers. At Curve, we aim to offer consumers a superior payment experience that provides real value and freedom, far beyond what traditional digital wallets can offer.”
This investment follows Curve’s recent pre-launch of its innovative mobile payment alternative to Apple Pay, which is scheduled to be available on iOS across Europe later this year. This comes after the European Commission’s investigation into Apple’s unfair restriction of competition and that the market has now been opened up to alternative providers for iOS users. Customers who previously used Apple Pay for mobile payments can switch their default wallet to Curve to take advantage of Curve’s suite of benefits.
About Curve
Curve is the ultimate mobile wallet. is revolutionizing the way people spend, send, view and save their money by consolidating multiple cards into a single smart card and app. The company’s mission is to become the ultimate destination for all consumer financial needs, offering seamless access to a comprehensive suite of financial products and services through Curve Wallet. Unlike other solutions, Curve enables users to enhance their existing bank accounts without having to switch banks. Curve is also available as a wearable device, from smart rings to bracelets and watch bands, providing convenient and stylish payment options. With a presence in 31 markets in the UK and the European Economic Area (EEA), Curve is transforming personal finance for users worldwide.