|
Lloyds Banking Group PLC is nearing a deal to buy digital wallet technology provider Curve for around £120 million, Sky News reported on Sunday. Sky News sources said the Edinburgh-based bank has agreed the terms of a transaction, but a formal announcement could slip to later in the month. In July, it was reported that takeover discussions were taking place for Lloyds to buy Curve, which was founded in 2016 by Shachar Bialick. Sky News said Lloyds believes the digital wallet platform would be a valuable asset amid regulatory pressure on Apple Inc to open its own payment services to rivals. Curve raised £133 million in its Series C funding round which ended in 2023. It was backed by Britannia, IDC Ventures, Cercano Management and Outward VC. Sky News said Curve was also reported to have raised over £40 million last year. It has raised over £200 million in equity since it was founded. Sky News said Lloyds declined to comment, while Curve was contacted for comment. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
