London-based card consolidation platform Curve has received $95m investment in a Series C funding round as it prepares for expansion this year.

Curve combines multiple cards and accounts into one smart card and smarter app.

The Series C fundraising was led by IDC Ventures, Fuel Venture Capital and Vulcan Capital.

US-based personal finance company OneMain Financial and Novum Capital also participated in the funding round.

The latest round brings the total amount raised by the company to date to nearly $175m.

Curve will use the fresh investment to launch its operations in the US and expand its reach in Europe.

It will use the capital to boost its credit and loan offering called Curve Credit in early 2021.

Curve aims to become a financial superapp for its users, bringing all the finances in one place.

Curve founder and CEO Shachar Bialick said: “We are ecstatic that our investors share Curve’s vision to empower as many people as possible to take control of their money and move banking to the cloud.

“This fundraise stands out as an endorsement of Curve’s unique product strategy, the excitement surrounding the debut of Curve Credit, and the upcoming launch of Curve in the US.

“I want to thank our partners and shareholders, and the entire team at Curve for their tireless work to thrive throughout 2020.”

Last year, Curve reached two million customers and launched several new products and partnerships.

In October 2020, Curve teamed up with banking technology provider Thought Machine to power Curve Credit.