In a move set to reshape its digital offerings, Lloyds Banking Group has struck a deal to purchase Curve, the innovative fintech known for consolidating multiple payment cards into one smart wallet.
The acquisition signals Lloyds' commitment to modernizing its services for 28 million UK customers. By absorbing Curve's technology, the banking giant aims to deliver a more sophisticated mobile banking experience that goes beyond traditional features.
Curve's platform stands out for its unique functionality. Users can link multiple cards to a single app, then retroactively move transactions between accounts—a feature the company calls "Go Back in Time." The service also layers additional rewards onto existing card perks, offers flexible payment terms, and eliminates foreign transaction fees regardless of which card is used.
For Lloyds customers, this means more tools to customize how they handle money, with enhanced visibility and control over spending decisions. The bank plans to weave these capabilities into its existing app infrastructure.
Regulatory authorities still need to sign off on the transaction. If approved, customers can expect to see the new features appear sometime in 2026.
Jas Singh, who leads consumer relationships at Lloyds, described the deal as a pivotal moment in the bank's digital evolution. He emphasized that Curve's technology will help customers manage their finances with greater simplicity and convenience, building on recent app improvements.
Curve's founder and CEO, Shachar Bialick, said the partnership will accelerate the company's original vision of giving people better financial tools. He noted that working with Lloyds will bring smarter payment solutions to tens of millions more users.
Since launching in 2015, Curve has carved out a niche by letting customers merge their banking cards into one interface, providing instant spending insights and other money management features. Keefe, Bruyette & Woods (a Stifel company) advised Curve on the financial aspects, while NBA Law and Taylor Wessing handled legal matters.