Lloyds Banking Group to acquire Curve
Lloyds Banking Group is acquiring Curve , the London-based fintech best known for its “one-card” wallet and payment controls.
Curve built a single digital wallet that lets users centralize cards, switch the funding source on a transaction, and manage spending in one place. Its features, including Go Back in Time® and smart payment routing, helped it stand out in a crowded payments market.
Under Lloyds, Curve will continue operating as usual. Existing customers keep the same app, cards, and rewards. The difference is scale: Lloyds plans to fold Curve Pay’s tools into its broader digital banking strategy, bringing those controls to millions of customers across the UK.
The deal gives Lloyds a ready-made set of payment features rather than building them in-house. For Curve, it offers a long-term home and the distribution power of the country’s largest digital bank.
Curve says the acquisition allows it to accelerate product development and expand reach, without changing the customer experience.
