London-based fintech Curve is in the market for a new equity round that is rumored to be between £100 million and £120 million; if successful this will be one of the largest UK raises of the pandemic second only to Checkout’s £150m raise in June; last July Curve raised their Series B at a £250 million valuation so they are not expected to become a unicorn with this round; UK fintech investment was down 39% year over year in the first half of 2020 it may be a difficult funding round; Curve’s ambition is to become the “Spotify of banking” and they need more capital to realize that vision. Sifted.
