Fintech deals usually follow a familiar story: a startup rises, stumbles, and then finds a buyer at a price that reflects its struggles. Curve doesn’t fit that story. This is a company that raised over £200m, built a product rivaling Apple Pay, and carved out a real presence in payments. It isn’t a failing firm. Yet Lloyds is on the verge of acquiring it for £120m — a figure below Curve’s last funding round.
Our source tells us investors are far from satisfied. Some have walked away from the boardroom, unable to reconcile the valuation with the company’s potential. For them, the deal feels less like an opportunity and more like a loss. And that’s where the puzzle lies: what pushes a company with proven technology, established backing, and clear ambition into a sale that makes little sense on the surface?
The numbers point to frustration, but the story beneath them hints at something more complicated. Whether it’s strategic pressure, market forces, or decisions we have yet to see unfold, this agreement leaves questions hanging over both sides of the table.
FinTech Weekly brings you this exclusive: Lloyds is set to buy Curve for £120m, but insiders say investors are disappointed and board members have resigned. Full story here 👇
Exclusive: Investor Frustration Grows Over Lloyds’ £120m Curve Takeover
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