Curve plans to introduce a BNPL lending solution for its in-app and in-browser clients next year. Credit: Jonas Leupe on Unsplash.

Payments fintech Curve has secured a $1bn credit facility from Swiss investment bank Credit Suisse to fuel the growth of its buy-now pay-later (BNPL) offering, Flex, in the UK, European Union (EU) and the US.

The facility will enable Curve to finance its first $1bn in BNPL loans.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Curve Flex has been designed to enable consumers to divide their transactions in monthly instalments when paying using Curve.

This can be availed by consumers using different cards, merchant outlets and places to make the transactions.

Curve Group CIO and global head of Curve Credit Paul Harrald said: “We have ambitious plans for lending. We have launched and very successfully tested our unique Curve Flex product, and are delighted to be able to scale our lending capabilities with this new financing.

“Securing financing of this size during this period of economic uncertainty is a testament to the broad support of our bold expansion plans underpinned with now demonstrated expertise with data.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Launched in 2018, Curve is currently being used by over four million customers worldwide. The firm has garnered over $180m in equity investment so far.

In the UK, the company rolled out Curve Flex with the ‘swipe now to pay later’ (SNPL) tool, which allows consumers to split their payments into three, six, nine or 12 monthly instalment schemes.

Curve plans to introduce a BNPL lending solution for its in-app and in-browser clients next year.

In October this year, Curve announced a partnership with Sweden’s Fidesmo to tap the growing popularity of wearable payment devices.