Curve (payment card): Difference between revisions
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Revision as of 07:28, 18 January 2018
| Location |  United Kingdom Ireland |
|---|---|
| Launched | February 2016 (open beta) |
| Website | www |
Curve (also known as the Curve card) is a payment card that aggregates multiple payment cards through its accompanying mobile app, allowing a user to make payments and withdrawals from a single card.
History
Curve, which owns and operates the card and for which the card is named, was founded in 2015 by Shachar Bialick.[1] The company secured seed funding of $2 million in December 2015, after launching a closed beta of the card and its app.[2] An open beta for iOS users in the "business community" was launched in February 2016.[3][4][5][6] In December 2016, Curve announced that the app was made available for Android users.[7]
In July 2017, Curve secured funding of £8 million in a series A round led by Santander InnoVentures and Investec.[8] In December 2017, Curve announced plans to make the card available to the general public in 2018.[9]
Overview
Using the mobile app, users link their debit and credit cards to the Curve card. A default card from which to make payments or withdrawals can then be set, while users can also switch between cards on the app prior to making payments or withdrawals.[10] Transactions on the card are processed through the MasterCard network and can be made using EMV, magnetic stripe or contactless payment.[6]
In July 2017, Curve rolled out a feature on the app allowing users to retroactively change their selected payment card for a transaction as old as 14 days.[11][12][13]
References
- ^ Shead, Sam (December 10, 2015). "The cofounder of TransferWise has invested in a mysterious fintech startup". Business Insider. Retrieved 15 January 2018.
- ^ "Curve Raises $2m in Seed Funding". FinSMEs. December 10, 2015. Retrieved 16 January 2018.
- ^ O'Hear, Steve (December 10, 2015). "Stealthy London Startup Curve Raises $2M From Notable Fintech Backers". TechCrunch. Retrieved 15 January 2018.
- ^ Sawers, Paul (16 February 2016). "Meet Curve, the latest London fintech firm that wants to simplify your digital spending". VentureBeat. Retrieved 15 January 2018.
- ^ Boden, Rian (19 February 2016). "UK startup unveils smart card that will store multiple bank cards for contactless payments". NFC World. Retrieved 15 January 2018.
- ^ a b Griffiths, Sarah (17 February 2016). "The end of bulging wallets? £35 'Curve' stores all your bank cards in one place". Daily Mail. Retrieved 15 January 2018.
- ^ O'Hear, Steve (December 16, 2016). "London fintech startup Curve brings mobile wallet and all-your-cards-in-one app to Android". TechCrunch. Retrieved 16 January 2018.
- ^ Owen, Vicki (16 July 2017). "London-based mobile banking start-up Curve bags £8m of investment after signing up 50k users". This is Money. Retrieved 16 January 2018.
- ^ Smith, Oliver (5 December 2017). "Exclusive: Watch out, Curve is coming for your cards in 2018". The Memo. Retrieved 16 January 2018.
- ^ "Curve: combine all your cards, skip foreign fees and still get rewards". lovemoney. 19 June 2017. Retrieved 16 January 2018.
- ^ Christian, Bonnie (18 May 2017). "Mobile wallet Curve launches 'time travel' tool to let you 'shop in the past'". Wired UK. Retrieved 16 January 2018.
- ^ Kharpal, Arjun (3 July 2017). "Fintech app Curve lets you change the account you pay with after you've made a purchase". CNBC. Retrieved 16 January 2018.
- ^ Kelly, Jemima; Irrera, Anna (4 July 2017). "UK startup Curve launches 'financial time travel'". Reuters. Retrieved 16 January 2018.