3 years ago

Curve Secures $1 Billion Loan Facility from Credit Suisse to Expand Lending Business

  • Curve, a UK-based financial app provider, has secured a $1 billion loan facility from Credit Suisse

  • The funding will enable Curve to expand its lending business, Curve Flex, across the UK, EU, and US

  • Curve provides a digital wallet that combines all money into one app with one card and allows customers to split transactions into monthly installments

  • The company plans to launch innovative new product offerings, such as a direct line of credit and the ability to refinance existing credit lines

  • Curve has raised over $180 million in equity investment to date.

      • ProblemFinancial Services

      "Many people struggle to manage their finances, often juggling multiple credit cards and loans with varying interest rates and repayment terms. This can lead to confusion, overspending, and difficulty in paying off debt."

      Solution

      "Curve provides a digital wallet that simplifies financial management by combining all a user's money into one app and card. They offer a 'Swipe Now Pay Later' feature that allows users to split any transaction into installments, giving them more flexibility and control over their spending."

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