Curve Credit, the credit subsidiary of Curve, the banking platform that consolidates multiple cards and accounts into one smart card and app, has now opened its waitlist for customers who want early access to its world first Curve Credit product when it hits the market later this year.

Curve has also announced that the top 200 customers on the waitlist will get early access to Curve Credit before the product is fully available to customers, subject to eligibility checks. 

Curve Credit will transform consumer credit by enabling customers to pay off their credit card debt and to split transactions into instalments, made on any connected cards, at any merchant, at any time, all effortlessly managed within Curve’s app.

The functionality for Curve Credit is built directly from Curve’s patent-pending Go Back in Time technology, which advances the buy-now-pay-later model pioneered by companies such as Klarna and Afterpay by enabling customers to split into instalments after the purchase, as well as at the point of sale.

To be one of the first people in the world to access Curve Credit when it launches, sign up to the waitlist here now: www.curve.com/credit.

The initial beta is currently being rolled out and tested by Curve employees before being extended to a select community of trusted Curve testers ahead of a full consumer launch later this year. 

Paul Harrald, Head of Curve Credit, previously a founding member of the consumer credit company NewDay, and Executive Director of RBS said:

“Curve Credit will offer our customers a unique combination of capabilities that will generate a truly satisfying experience. We're able to do this because we will be a genuine "fintech" lender, using the synergies, the economies of scope, that exist between payments, lending, and a beautiful UX design. Customers can shop with any merchant, using any underlying funding card they choose, and we will allow them either immediately or at their leisure to "go back in time" and split the purchase into instalments. So, we're always available, any-merchant, any card, point-of-sale finance. And, you can change your mind later. This is a truly unique offering that will change the way people manage their cash flow.”

This is a tangible example of the power and capabilities of the Over-The-Top Banking Platform, a category Curve has been building for the past four years.  By consolidating its customers’ banking relationships into one smart card and app, Curve provides a birds-eye-view of all of their finances as well as access to responsible instalment credit, without consideration for merchant or bank.

The success of buy-now-pay-later companies is well documented, with Worldpay’s ‘Global Payments Report: The pathways of people and payments’ revealing that pre lockdown, schemes like Klarna, Afterpay and Affirm are growing at a rate of 39 percent annually in the U.K. and will double their market share by 2023. Additionally, the FCA has announced its commitment to reduce the levels of Persistent Debt by ensuring that Credit Card issuers offer an instalment repayment plan if debt persists.