Curve launches new service which turns past payments into card instalments

17th September 2021

Financial app, Curve has announced has launched new product called Flex which it says is a new unique rival to Buy Now Pay Later (BNPL).

Curve says following FCA approval it has launched Curve Flex to simplify and unify credit. It offers customers the power to pay later for almost any purchase made at any merchant, from any card, up to a year ago.

Curve Flex builds on Curve’s patented and trademarked Go Back in Time technology to let customers convert almost any purchase made on any card linked to the Curve platform in the past 12-months into an instalment plan; all the customer has to do is swipe to pay later. Curve Flex is better than any existing BNPL solution on the market, as it is not restricted to specific merchants, accounts, cards, or products. It brings control back to the customer and is another step in Curve’s mission to become the super app for money.

Whether a customer wants to split a retail purchase, online order, household bill, or simply has an unexpected need for cash, they only need to swipe a transaction and select the number of instalments. The transaction is then refunded in full almost immediately, giving customers convenience and control over their money. Curve Flex is here to provide seamless and affordable cashflow support.

Curve Flex customers will be able to take advantage of a dedicated team of customer service agents who will be on-call solely to answer questions, amend plans, and help customers navigate their loans.

Curve Flex has been in testing since September 2020 and our 1,600 beta users have already “Flexed” around 7,000 transactions into affordable instalment loans worth over £1m.

Curve’s Founder and CEO, Shachar Bialick said  “Why settle for a rigid copy when you can have the real thing? Curve Flex is almost certainly the most flexible credit solution in the market. With no limitations on merchants and the ability to accommodate all Mastercard, Visa, and Discover cards, Curve Flex will provide customers with access to easy and affordable credit.”

Head of Curve Credit Paul Harrald said: “Curve is giving customers the unprecedented ability to convert transactions made up to a year ago into free or low-interest instalment loans. Being able to Go Back in Time and Pay Later is going to forever change how UK customers think about managing their personal finances and cashflow. ”