U.K.-based fintech company Curve has announced its plans to open its first U.S. office in Brooklyn. Although New York City is a financial capital of the world, this will mark the first international fintech company putting down roots in Brooklyn.
With the announcement, Curve says it will create 185 new local jobs by 2024. The company also plans to invest $16.7 million in New York-based research and development over the next 10 years.
“Brooklyn is a fantastic location for Curve to launch its U.S expansion,” Amanda Orson, Curve's head of North America, said in a statement. “In the race to own the consumer relationship, we believe Curve is the right product for the U.S. market at the right time. And to be able to start this adventure from the world’s premier financial hub, and recruit from a pool of the best tech talent in the world, is exciting.”
Curve's technology allows its customers to combine all their credit and debit cards into one smart credit card. This smart card also comes with an app that helps users keep track of their spending, save on credit card fees and pay with mobile payments. The Curve card also allows people to revisit a previous payment and change the card used in the transaction up to two weeks after it happened.
Over 900,000 people have signed up for a Curve card since it launched in Europe in 2018. Curve will be offered in the U.S. later this fall.
“There is so much innovation happening in Brooklyn right now and we are thrilled to welcome London’s cutting-edge Curve to Downtown Brooklyn’s growing tech community,” Regina Myer, president of Downtown Brooklyn Partnership, said in a statement. “Curve’s choice to open its first U.S. office in Downtown Brooklyn speaks to the advantages of the area’s talented workforce, access to mass transit and excellent housing options and its vibrant creative community.”