M&A Deal Summary

Lloyds Banking Group Acquires Curve

On November 19, 2025, Lloyds Banking Group acquired information technology company Curve

Acquisition Highlights
  • This is Lloyds Banking Group’s 1st transaction in the Information Technology sector.
  • This is Lloyds Banking Group’s 6th transaction in the United Kingdom.

M&A Deal Summary

Date 2025-11-19
Target Curve
Sector Information Technology
Buyer(s) Lloyds Banking Group
Deal Type Add-on Acquisition

Target

Curve

London, United Kingdom
Curve operates a digital wallet platform that consolidates multiple cards and payment sources into one secure platform with money-saving and loyalty features. The company processes billions in payments annually through its technology platform. Curve is based in London.

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Buyer(S) 1

Buyer

Lloyds Banking Group

London, United Kingdom

Category Company
Founded 1695
Sector Financial Services
Employees61,228
Revenue 18.6B GBP (2024)
DESCRIPTION

Lloyds Banking Group is a provider of banking and financial services in United Kingdom and internationally. Lloyds Banking Group was founded in 1695 and is based in London, England.


DEAL STATS #
Overall 7 of 7
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
Country: United Kingdom M&A 6 of 6
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-22 Tusker

Hertfordshire, United Kingdom

Tusker is a car benefit scheme provider. As a digital B2B2C business, it supports employers in retaining staff and enhancing employee engagement by providing employees with a salary-saving scheme to access a new, fully insured, and maintained car. Tusker’s cars are also a great way to go green, with 80% of new orders for electric cars. Tusker was founded in 2000 and is based in Hertfordshire, United Kingdom.

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