(9 September 2025 – United Kingdom) The UK’s largest high street bank network is set to announce the takeover of a company once hailed as one of the nation’s most lucrative fintech start-ups.
Lloyds Banking Group could announce the acquisition of Curve, a provider of digital wallet technology for £120 million, in the coming weeks. The bank is seeking to build an advantage in the battle to develop and release the most innovative online payments systems in Britian, Sky News reports.
The financial services major that owns the Halifax brand and operates the largest branch network in the UK believes Curve’s digital wallet platform will be a valuable asset as Apple faces growing pressure to democratise access to its payment services.
“Working alongside Curve as an investor, I have had a ringside seat to the company’s unassailable and well-earned rise. Beginning as a card which combines all your cards into one, to the all-encompassing digital wallet it has evolved into, Curve offers a transformative financial management experience to its users. I am proud to have been part of the journey so far, and welcome the chance to support the company through its next, very significant period of growth” stated Curve Chair, Lord Stanley Fink.
Lloyds recently partnered with BNP Paribas to launch FX execution algorithms (EAs) and applied AI to automate trade finance compliance and documentation.