FinTech Alliance company Curve has applied for £10mn from the Banking Competition Remedies Fund.
In Brief:
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Curve is an over the top platform that allows users to aggregate all their cards into one.
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£100mn is available from BCRR since Metro Bank and Nationwide had to return funding.
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Curve is currently looking to develop two new SME focussed products.
What does this mean?
Curve sees the potential of its platform to help businesses – it is hoping to create a company card for SMEs that allows staff to spend safely, and a credit function that enables businesses to access short term finance.
