London based credit card startup Curve has raised £2m in further seed funding led by backers Connect Ventures, Paul Townsend and Samos Investments. Curve offers an application and a card that links all of its users' bank cards so that they can be managed with one PIN.
Curve has built a “smart” MasterCard that can be controlled from an app and aims to replace your wallet. The Curve card lets you use all your cards by simply selecting the relevant card on the app, meaning you do not have to carry a huge wallet around all the time. However, the startup ran into trouble earlier this year when American Express blocked it from using its card mirroring features. One of Curve’s key selling points was its ability to let people earn AmEx points through the card in places tht don’t accept AmEx. Curve is currently targetting small business owners but says it plans to launch to consumers early next year. The startup says in a release emailed to Business Insider that it plans to raise a “large” round of funding from financial institutions later this year.