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.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.