Curve Credit has opened a waiting list for customers wishing to use Curve’s card consolidation platform to split transactions into instalments.

The new credit subsidiary of Curve is scheduled for launch later this year, with the top 200 customers to sign up to the waiting list given advanced access before the product is fully available to customers; subject to eligibility checks.

Curve Credit will let customers to pay off their credit card debt and to split transactions into instalments, made on any connected cards, at any merchant, via Curve’s app.

The functionality for Curve Credit is built directly from Curve’s patent-pending Go Back in Time technology, which advances the buy-now-pay-later model pioneered by companies such as Klarna and Afterpay by letting customers to split instalments after a purchase, as well as at the point of sale.

The initial beta phase is currently being rolled out and tested by Curve employees before being extended to a select community of trusted testers.

Paul Harrald, head of Curve Credit and previously a founding member of the consumer credit company NewDay, said: “Curve Credit will offer our customers a unique combination of capabilities that will generate a truly satisfying experience - we're able to do this because we will be a genuine FinTech lender, using the synergies and economies of scope that exist between payments, lending and a beautiful UX design.”

He explained: “Customers can shop with any merchant, using any underlying funding card they choose, and we will allow them either immediately or at their leisure to 'go back in time' and split the purchase into instalments."

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