As card aggregation startup Curve expands into offering more bank-like services, among them will be Curve Credit.
In Brief:
This will be a “buy now pay later” style offering.
It’s partnered with credit reference agency Credit Kudos for its open banking offering.
Credit Kudos will assess affordability and creditworthiness of those applying for Curve Credit.
What does this mean?
With buy now, pay later being called into question in the media around whether it assesses consumers efficiently and if the businesses currently offering it are open enough about credit checks, Curve has decided to use Credit Kudos’ open banking based solution in what many will see as a positive step toward a more responsible solution.
