Curve, one of many fastest-growing monetary tremendous apps, just lately launched Curve Flex to show previous funds from any card into installments. Curve Flex is a novel rival to Purchase Now Pay Later (BNPL).
In an official announcement, Curve talked about that after receiving approval from the Monetary Conduct Authority (FCA) on 1 September, the corporate launched Flex with an purpose to simplify and unify credit score.
Curve outlined the important thing advantages of Flex and talked about that Curve Flex is best than the present BNPL options out there as a result of it isn’t restricted to particular playing cards, accounts, retailers, or merchandise.
“Curve Flex builds on Curve’s patented and trademarked Go Again in Time expertise to let prospects convert nearly any buy made on any card linked to the Curve platform up to now 12-months into an installment plan; all the client has to do is swipe to pay later. Whether or not a buyer needs to separate a retail buy, on-line order, family invoice, or just has an surprising want for money, they solely must swipe a transaction and choose the variety of installments,” the corporate highlighted.
The agency talked about that Curve Flex has been within the testing part since September 2020. Roughly 1,600 beta customers have already used the characteristic. Commenting on the newest launch, Shachar Bialick, Curve’s founder and CEO, stated: “Why accept a inflexible copy when you’ll be able to have the actual factor? Curve Flex is sort of definitely essentially the most versatile credit score resolution out there. With no limitations on retailers and the power to accommodate all Mastercard, Visa, and Uncover playing cards, Curve Flex will present prospects with entry to straightforward and inexpensive credit score.”
“Curve is giving prospects the unprecedented capacity to transform transactions made as much as a yr in the past into free or low-interest installment loans. With the ability to Go Again in Time and Pay Later goes to eternally change how UK prospects take into consideration managing their private funds and money circulation,” Paul Harrald, Head of Curve Credit score, concluded.