Curve Deal Erupts - Issue #571 Tuesday, September 23rd 2025 08:25AM
The Focus
When FinTech Weekly revealed that Curve’s investors were unsettled by the £120 million sale to Lloyds, the mood was already tense. That tension has now erupted into open conflict. IDC Ventures, one of Curve’s largest external shareholders, is challenging the leadership of chairman Lord Stanley Fink while denouncing the handling of the sale.
This move turns a disappointing exit into a governance showdown. For Lloyds, it complicates an acquisition meant to strengthen its grip on digital payments. For Curve’s backers, it highlights how years of funding can dissolve into disputes when valuations collapse. What was once frustration has hardened into a public challenge, with the prospect of litigation looming over the deal.
The Lloyds-Curve dispute now stands as a test of how far investors will go to defend their stakes — and how prepared banks are to face resistance when stepping deeper into fintech.
Read the full story here:
IDC Pushes to Oust Curve Chair Amid Lloyds Deal Dispute
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