Lloyds Banking Group set to acquire Curve
Lloyds Banking Group, the UK’s largest digital bank, has announced the acquisition of Curve, a leading digital wallet platform, in a strategic move to accelerate its digital transformation for customers and reshape the future of payments.
This investment in the London-based fintech marks another significant milestone in the Group’s strategy to deliver market-leading digital experiences and empower its 28 million customers by adding Curve’s next-generation financial technology to the Group’s digital offering.
The integration of Curve Pay, Curve’s cutting-edge technology and digital wallet, will allow Lloyds Banking Group to offer customers a more seamless mobile banking experience, with expanded payment flexibility and access to advanced digital features.
This includes enabling customers to ‘Go Back in Time’ by switching past purchases across accounts, earn rewards on top of existing card benefits, access Pay Later solutions, and avoid foreign exchange fees from any card linked to its app. In addition to the benefits that Lloyds’ customers already have, the integration of this technology will give customers even greater control and personalised ways to manage their money.
The acquisition will complete following regulatory approval, with new features and benefits being available to customers from 2026.
Jas Singh, CEO of Consumer Relationships at Lloyds Banking Group said: “This strategic acquisition of Curve marks another significant step forward in Lloyds Banking Group’s digital transformation journey. Building on the innovative changes we’ve made to our app recently, integrating Curve’s cutting-edge technology and digital wallet capabilities will deliver a next-generation digital banking experience for our customers as we help them to take control of their finances in a simple and convenient way.”
Shachar Bialick, Founder and CEO of Curve said: “Curve’s mission since its inception has been to simplify and supercharge people’s finances; we wanted to give everyone the tools to take control of their money, on their terms. Joining forces with Lloyds Banking Group means we can now scale that vision faster, helping tens of millions more customers unlock smarter payments, and empower greater financial accessibility. Together with Lloyds we are raising the bar for the future of payments.”
Founded in 2015, Curve’s innovative technology enables customers to combine their bank cards into a single wallet, enabling seamless payments, real-time spend insights and many other benefits to financially empower and support customers in managing their money more effectively. Keefe, Bruyette & Woods, Inc., A Stifel Company, is serving as exclusive financial advisor to Curve, and NBA Law, together with Taylor Wessing, are serving as legal counsel to Curve
