News > FinTech

Secretive startup raises $2M from big name backers

By NexChange
FinTech

secret

You don’t need to know what they do, just trust them.

Fintech startup Curve has closed a $2 million seed round despite its clandestine approach to business, reports TechCrunch. Curve, which is currently in a closed beta run, hasn’t said publicly what it does. All anyone knows is that Curve wants to be the one touchpoint between people and their money. The Curve website reads “Reimagining the card: Meet your next generation of payments after the trusted bankcard.” But the company also says it isn’t a card, right next to a picture of what looks like a “Curve” card. Sound confusing? We agree.

It’s a safe bet Curve will offer some new iteration of mobile payments and financial tracking, but the question is how it will differ from Apple Pay and the many other options now available.

Curve must be doing something right, because Taavet Hinrikus, co-founder of TransferWise, Ricky Knox, of bank Tandem, and Ed Wray, of Betfair, are among the preliminary investors in the company. Venture capital firms Speedinvest, Seedcamp, and the Mayor of London’s London Co-Investment Fund also backed the seed round.

Photo: Amnesty International UK 

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