Lloyds Banking Group has announced its acquisition of Curve, a London-based fintech firm. Curve specializes in a digital wallet that consolidates various credit, debit, and alternative payment methods into a single secure platform, offering numerous money-saving and loyalty features.
With Curve’s innovative multi-funding options, Lloyds aims to introduce a new banking experience, allowing customers to select their preferred payment method for each transaction—be it debit, credit, installments, partner credit lines, or Open Banking—without the hassle of juggling multiple cards.
This acquisition is expected to enhance customer payment flexibility and provide access to advanced digital wallet functionalities, including the ability to shift past purchases across different accounts, earn additional rewards alongside existing card benefits, utilize Pay Later options, and eliminate foreign exchange fees on any card linked to the app.
While Lloyds has not disclosed the financial details of the transaction, reports suggest that Curve was acquired for approximately £120 million—significantly less than the £250 million the fintech has raised since its inception. This pricing has led to concerns among investors regarding transparency, governance, and return on investment.
The acquisition is anticipated to finalize in the first half of 2026, pending regulatory approval.