Senior executive stands down from roles at card consolidator Curve

The finance chief at Curve, the card consolidator fintech which has raised more than £200m in equity, is leaving the role.

Paul Harrald, who joined Curve in 2019, is standing down from his role as Curve CFO and CEO of Curve’s lending business.

Before joining Curve, Harrald worked at CreditEast, a Chinese VC firm, where he ran UK and European private equity investments.

Harrald stood down as a director at Curve on May 13, according to Companies House.

Harrald is staying on as an advisor at Curve, which was founded in 2015, and whose backers include IDC Ventures and Santander Ventures, the venture arm of banking giant Santander.

The London-based fintech consolidates all of a user's credit and debit cards into a single card and app, to make managing their financial life easier. 

To date, it has raised over £200 million in equity and has a presence in 32 markets including the UK, several other European markets, and the US. It says it has more than 4.3 million users.

Curve’s leading business is called Curve Credit and offers users credit on purchases made via the Curve card, to be paid back in instalments, like Klarna.

Its latest account shows revenues were up £7.6 million to £22.1 million in the year ending December 2022, but pre-tax losses widened from £59.1 million to £69.1 million.

Curve said it is on the hunt for a new CFO.