Curve has announced the launch of Curve Flex, a ‘unique rival’ to Buy Now Pay Later (BNPL) schemes.

After receiving FCA approval on September 1st, Curve has developed Curve Flex in a bid to ‘simplify and unify’ credit. 

Curve’s Founder and CEO, Shachar Bialick, commented: “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.”

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. 

The offering allows customers 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.

Head of Curve Credit Paul Harrald added: “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.”

Curve Flex has been in testing since September 2020 and has 1,600 beta users who have already “Flexed” around 7,000 transactions into affordable instalment loans worth over £1 milion, as it looks to continue the growth of its product.