Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Friday it has appointed Paul Harrald, a founding member of SAV Credit, now New Day, to lead the new Curve Credit Business. According to Curve, Harrald joins from Chinese Venture Capital firm CreditEase where he ran UK and European private equity investments and where he first developed a keen interest in Curve. His new role at Curve will see him set up and lead Curve’s credit business. Speaking about his new role at Curve, Harrald stated:
“It’s my belief that, in time, Curve can rival Klarna, a company I admire greatly. Curve is uniquely positioned in the market as an Over-The-Top banking platform to offer consumers unrivalled simplicity in managing multiple payment and credit products. The launch of Curve Credit in 2020 will provide its customers with phenomenal control of their finances and the ultimate financial experience.”
Shachar Bialick, Founder and CEO of Curve, added:
“Paul’s credit industry expertise is second to none. He has a remarkable track record for building and growing hugely successful credit products and it is a massive coup for Curve to have secured such a talent and be able to draw on his expertise as we look to enter the highly competitive credit market later this year.”
The new credit business comes just after Curve announced expanded its wearables offering by partnering with Garmin, Fitbit and Sony’s Wena pay. Curve reported that the partnerships enable wearable users to pay with any of their cards using Curve’s services.