AXA Partner Curve Raises $55M

London-based Curve , the Over-The-Top banking platform that consolidates multiple cards and accounts into one smart card and an even smarter app, has secured $55m, valuing the company at a quarter of a billion dollars.

It partnered with AXA Travel Insurance to provide travel and gadget insurance to their premium cardholders (Curve Black and Curve Metal). As soon as customers sign up for a premium tier, they receive an email with their AXA Travel Insurance policy number. T&C apply.

“While the challenger and traditional banks are busy fighting to win or retain new customers, Curve is building an Over-The-Top Banking Platform that provides customers with a better banking experience with no need to change their bank. Curve is playing a completely different ball game, it is not a challenger bank which means that we can focus on creating a radically better customer experience, without asking customers to trust their salaries with us, or the significant overhead of becoming a regulated bank. Receiving this level of investment from such prominent investors is a fantastic endorsement of the value and experience Curve brings to its customers.” – Shachar Bialick, founder and CEO of Curve.

Bottom Line: On track to welcome its millionth customer by year end.