Curve

Acquirer: Lloyds Banking Group

Lloyds Banking Group is in advanced talks to acquire Curve, a British digital wallet start-up, in a move that would deepen the bank’s presence in consumer payments and take on tech giants like Apple and Google. Summary of transaction details: Value: £100-£120 million Sector: Fintech Advisor: KBW, part of Stifel Financial Group Key Entities: Lloyds Banking Group, Curve Location: UK Note: The potential acquisition aligns with Lloyds' strategy to reduce consumer reliance on Apple Pay and strengthen its payments infrastructure capabilities, and could pose a challenge to tech giants' hold on mobile payments in the UK.