Published: November 19, 2025 at 7:59 am
Lloyds Banking Group has acquired digital wallets provider Curve in a reported £120 million deal.
Lloyds and Curve confirmed this morning that the acquisition had gone through, but not its value.
It follows reports that Lloyds and Curve had agreed a £120m deal and that some shareholders were furious at the valuation.
The acquisition is expected to complete in the first half of 2026, subject to regulatory approval.
In the circular to shareholders, Curve said: “We recognise that the value of this transaction falls short of the ambitions we all held for Curve, and we share the disappointment some of you may have in this outcome.
“Yet, the board strongly believes this transaction represents the best available path forward for Curve’s creditors and shareholders as a whole.”
However, shareholders voted down an attempt to remove chair Lord Fink and founder and CEO Shachar Bialick last month.