UK fintech Curve has broken records with its first ever crowdfunding campaign by becoming the fastest startup to raise £4m in the history of Crowdcube.
The figure was raised within 42 minutes – despite original plans only targeting £1m following its announcement of the campaign in August. The current overfunding amount stands at £5million.
Furthermore the fintech broke the record of total number of investors investing in a campaign through the Crowdcube platform, beating the previous record-holder Chip who had around 6,500 investors.
Shachar Bialick, Founder and CEO, Curve commented: “Curve customers are the beating heart of Curve and the unprecedented success of our first ever funding round demonstrates their faith in the business and shows the world that people are ready for a revolution in finance.
“We have been blown away by this record breaking investment from the Curve community and we are delighted to welcome them on board our mission to move banking to the cloud and change the world of finance forever.”
The over-the-top banking platform, which recently secured $55 million through a Series B funding round, consolidates multiple cards and accounts into one card and one app.
“Curve has brilliantly inspired its community with its vision to create a better financial world, its innovative product and ambitious team,” said Luke Lang, co-founder of Crowdcube.
“The impressive level of investment underlines the strong bond Curve has with its community, who clearly believe in the company and I’m sure will help supercharge its next phase of growth.”
