CommerzBank, Monex Group, Coinbase and Digital Garage are set to exit the digital wallet provider in a Paypal acquisition reportedly sized below $200m.
Digital payment processor Paypal has agreed to acquire Curv, an Israel-based digital asset security services provider backed by corporate investors CommerzBank, Monex Group, Coinbase and Digital Garage.
Founded in 2018, Curv has created a digital wallet platform that enables users to store cryptocurrency and other digital assets. The deal valued it at less than $200m, a person familiar with the matter told CNBC.
Team8 and Digital Currency Group co-led a $6.5m seed round for the company in early 2019, with…
