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.

Curve was once an AXA partner.