Lloyds Banking Group, Britain’s biggest high street bank network, is close to acquiring Curve, the UK-based digital wallet fintech, in a deal worth around £120 million. Founded in 2016 by Shachar Bialick, Curve initially allowed users to combine multiple payment cards into one and has since evolved into a full digital wallet, positioned as a rival to Apple Pay. The sale price, however, may disappoint long-time investors, as Curve previously raised over £200 million in equity (including £133 million in its 2023 Series C). However, Lloyds views the acquisition as a strategic move to strengthen its payments infrastructure amid regulatory scrutiny of Big Tech’s dominance in digital wallets.
Lloyds Closes In On £120m Takeover of Fintech Curve
