Curve Launching a Credit Offering Later This Year

UK payment aggregator Curve is launching its own credit offering later this year called Curve Credit; they began testing the offering with employees in June with the goal of launching later this year; they aim to have 300,000 UK users within the first three years and intend to launch in the U.S. by the end of next year; the offering will allow consumers to pay off their credit card debt in a three or six-month installment plan; transactions can be chosen retroactively within the app; in some ways they are mimicking buy-now-pay-later leaders like Klarna, Afterpay and Affirm, all of which are getting great traction this year; users will be given a typical credit limit of £5,000. AltFi.

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