Curve, the card aggregation FinTech, has secured a $bn line of credit from Credit Suisse.
In Brief:
This is in support of its installment payment (BNPL) offering, Curve Flex.
It's aiming to scale its product, which was released last year, across the UK, EU and US.
Curve Flex enables customers to use their Curve card at any merchant for a credit option that is paid back across up to 12 months.
What does this mean?
Curve will not only expand into the EU and US with this credit offering, but it wants to add new products including the ability to refinance existing credit lines. It also wants to build out BNPL offerings within its app and within browsers.
