Curv

Company Overview

Snapshot

Founded in January 2018 by Itay Malinger and Dan Yadlin, Curv operated with 1–10 employees. The company raised $36.5M across 3 funding rounds from 10 investors before being acquired by PayPal in March 2021.

Business overview

Curv provided a secure platform for custodians, exchanges, and asset managers to hold and trade crypto-assets. Its core technology offered a mathematically proven cryptographic solution, functioning as a secure online "vault as a service" to replace traditional hot and cold wallets. This enabled businesses to manage cryptocurrencies at scale and execute transactions without compromising private keys. The company operated within the Fintech & Insurtech sector, specifically focusing on Money Transfer & Management, and served financial institutions and private investors globally.

Strategic signal

In March 2021, Curv was acquired by PayPal, marking a significant exit for the institutional digital asset wallet service. This acquisition by a major financial technology company like PayPal signaled a growing mainstream interest and validation in secure cryptocurrency infrastructure, highlighting the strategic importance of digital asset security solutions for traditional financial players entering the crypto market.

Company Intelligence Q&A

What was a key recognition Curv received for its technology?

In September 2019, Curv was named a "Cool Vendor in Blockchain Security and Privacy" by the Gartner Research Group, acknowledging its innovative cryptographic solution for digital asset security.

Which major financial institution partnered with Curv for secure digital asset transfer?

In October 2020, Curv partnered with BNP Paribas to facilitate secure digital asset transfers, demonstrating its capability to integrate with traditional banking infrastructure.

When did Curv raise its Series A funding round?

In July 2020, Curv raised a Series A round led by Commerce Ventures, with participation from.

What was a significant partnership for Curv in the DeFi space?

In December 2020, Curv partnered with ConsenSys to launch an enterprise-grade DeFi solution for institutions, aiming to bridge traditional finance with decentralized finance.

When was Curv acquired and by whom?

Curv was acquired by PayPal in March 2021, leading to the cessation of its independent operations.