[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Sam Boboev [@samboboev](/creator/twitter/samboboev) on x XXX followers Created: 2025-07-14 13:01:53 UTC 🚨 FINTECH: Lloyds Banking Group in talks to buy digital wallet provider Curve A deal for the UK's biggest high street bank to buy Curve, which could cost in the region of £120m, would see it pushing further into digital payments infrastructure, Sky News learns. Britain's biggest high street bank is in talks to buy Curve, the digital wallet provider, amid growing regulatory pressure on Apple to open its payment services to rivals. Sky News has learnt that Lloyds Banking Group is in advanced discussions to acquire Curve for a price believed to be up to £120m. City sources said this weekend that if the negotiations were successfully concluded, a deal could be announced by the end of September. One insider said this weekend that Curve was being advised by KBW, part of the investment bank Stifel, on the discussions with Lloyds. If a mooted price range of £100m-£120m turns out to be accurate, that would represent a lower valuation than the £133m Curve raised in its Series C funding round, which concluded in 2023. That round included backing from Britannia, IDC Ventures, Cercano Management - the venture arm of Microsoft co-founder Paul Allen's estate - and Outward VC. In total, the company has raised more than £200m in equity since it was founded. Curve has been positioned as a rival to Apple Pay in recent years, having initially launched as an app enabling consumers to combine their debit and credit cards in a single wallet. One source close to the prospective deal said that Lloyds had identified Curve as a strategically attractive bid target as it pushes deeper into payments infrastructure under chief executive Charlie Nunn. Lloyds is also said to believe that Curve would be a financially rational asset to own because of the fees Apple charges consumers to use its Apple Pay service. In March, the Financial Conduct Authority and Payment Systems Regulator began working with the Competition and Markets Authority to examine the implications of the growth of digital wallets owned by Apple and Google. IDC Ventures, one of the investors in Curve's Series C funding round, said at the time of its last major fundraising: "Thanks to their unique technology…they have the capability to intercept the transaction and supercharge the customer experience, with its Double Dip Rewards, [and] eliminating nasty hidden fees. "And they do it seamlessly, without any need for the customer to change the cards they pay with." News of the talks between Lloyds and Curve comes days before Rachel Reeves, the chancellor, is expected to outline plans to bolster Britain's fintech sector by endorsing a concierge service to match start-ups with investors. Source: Sky News #Fintech #Digitalwallets #Payments  XXX engagements  **Related Topics** [banking](/topic/banking) [$lloyl](/topic/$lloyl) [fintech](/topic/fintech) [Post Link](https://x.com/samboboev/status/1944744158666579983)
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Sam Boboev @samboboev on x XXX followers
Created: 2025-07-14 13:01:53 UTC
🚨 FINTECH: Lloyds Banking Group in talks to buy digital wallet provider Curve
A deal for the UK's biggest high street bank to buy Curve, which could cost in the region of £120m, would see it pushing further into digital payments infrastructure, Sky News learns.
Britain's biggest high street bank is in talks to buy Curve, the digital wallet provider, amid growing regulatory pressure on Apple to open its payment services to rivals.
Sky News has learnt that Lloyds Banking Group is in advanced discussions to acquire Curve for a price believed to be up to £120m.
City sources said this weekend that if the negotiations were successfully concluded, a deal could be announced by the end of September.
One insider said this weekend that Curve was being advised by KBW, part of the investment bank Stifel, on the discussions with Lloyds.
If a mooted price range of £100m-£120m turns out to be accurate, that would represent a lower valuation than the £133m Curve raised in its Series C funding round, which concluded in 2023.
That round included backing from Britannia, IDC Ventures, Cercano Management - the venture arm of Microsoft co-founder Paul Allen's estate - and Outward VC.
In total, the company has raised more than £200m in equity since it was founded.
Curve has been positioned as a rival to Apple Pay in recent years, having initially launched as an app enabling consumers to combine their debit and credit cards in a single wallet.
One source close to the prospective deal said that Lloyds had identified Curve as a strategically attractive bid target as it pushes deeper into payments infrastructure under chief executive Charlie Nunn.
Lloyds is also said to believe that Curve would be a financially rational asset to own because of the fees Apple charges consumers to use its Apple Pay service.
In March, the Financial Conduct Authority and Payment Systems Regulator began working with the Competition and Markets Authority to examine the implications of the growth of digital wallets owned by Apple and Google.
IDC Ventures, one of the investors in Curve's Series C funding round, said at the time of its last major fundraising: "Thanks to their unique technology…they have the capability to intercept the transaction and supercharge the customer experience, with its Double Dip Rewards, [and] eliminating nasty hidden fees.
"And they do it seamlessly, without any need for the customer to change the cards they pay with."
News of the talks between Lloyds and Curve comes days before Rachel Reeves, the chancellor, is expected to outline plans to bolster Britain's fintech sector by endorsing a concierge service to match start-ups with investors.
Source: Sky News
#Fintech #Digitalwallets #Payments
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