Lloyds Bank is set to acquire U.K. fintech Curve for around £120 million, despite Curve's previous funding of £250 million and ambitious growth plans. Investor IDC Ventures has expressed concerns over the sale process and governance issues within Curve. The acquisition aims to enhance Lloyds' digital banking capabilities as it shifts focus from physical branches to digital services.

Lloyds Banking Group is reportedly in negotiations to acquire the fintech company Curve for approximately £138 million. This acquisition aligns with Lloyds' strategy to enhance its digital banking capabilities and diversify its financial services offerings.