Lloyds Banking Group is reported to be in talks to acquire FinTech Curve for around £120m.
The London firm was founded by former Israeli Special Forces soldier Shachar Bialick in 2016 as a way to consolidate users’ debit and credit cards into one app.
It is now seen by Lloyds as a potential alternative to Apple Pay, which is under scrutiny for the fees it charges merchants. In April it launched Curve Pay, a digital wallet alternative for Android and iOS users.
The transaction could be finalised as early as September 2025, according to sources cited by Sky.
Curve has raised more than £200m in equity funding, with a recent round of £37m led by Hanaco Ventures and featuring existing shareholders such as Fuel Ventures, IDC, Outward VC and Lord Stanley Fink, who serves as chair.
It said at the time that the funding would accelerate its path to profitability.
Curve has amassed more than six million customers globally, and processes billions in payments annually while continuing to innovate in digital finance.
Last year it was forced to reduce its workforce and suspend its expansion plans in the US.
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