New Day Founder Joins UK Fintech Curve to Lead its New Credit Business

Share this post

Paul Harrald heads new Curve Credit business line; believes Curve could be bigger than Klarna


London – 13th December 2019 – Curve, the Over-The-Top banking platform that consolidates multiple cards and accounts into one smart card and app, has appointed Paul Harrald, a founding member of SAV Credit, now New Day, to lead the company’s new Curve Credit Business.


Paul 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. Paul takes up his new role as part of a distinguished career that includes being CIO and Director of Analytics at SAV Credit, now the £1bn alternative credit business New Day, occupying a seat on RBS retail banking boards as well as working as a credit and risk advisor at Google. He was also one of the youngest academics to achieve tenure at Manchester University and has been a visiting Professor in Computer Science at UCL.


Paul’s new role at Curve will see him set up and lead Curve’s credit business.


Curve Credit will allow Curve customers to pay off their credit card debt and to split transactions into instalments, flexibly and simply managed within Curve’s app. Curve’s unique position as an OTT banking platform with read/write access enables customers to make smart decisions based on their spending and credit habits across all their financial products, regardless of where they pay and to whom. Curve Credit will be an alternative to revolving credit and will feature the ability to make full, ad hoc, partial, and regular repayments from a variety of sources. Customers will have complete visibility of payment schedules and amounts outstanding. Although Curve Credit is still in its very early stages, Harrald has big plans for the new product and is preparing to apply for FCA approval.


“Paul’s credit industry expertise is second to none,” said Shachar Bialick, Founder and CEO of Curve. “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” he added.


“It’s my belief that, in time, Curve can rival Klarna, a company I admire greatly” said Paul Harrald, Curve’s new Credit Lead. “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” he added.


Paul is the second senior appointment at Curve this quarter following the announcement of Nathalie Oestmann, former head of Samsung Pay, as Curve’s COO.


In September Curve became the fastest startup in history to raise £4m in crowdfunding. After initially smashing its £1m target in under five minutes, the round was eventually closed around £6m after being massively oversubscribed. In July Curve closed its series B funding round, valuing the business at a quarter of a billion dollars. The company has also announced it plans European and US expansion in 2020.

More To Explore


Are you a member of The Payments Association?

Member benefits include free tickets, discounts to more tickets, elevated brand visibility and more. Sign in to book tickets and find out more.


Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.

Having trouble signing?

We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.

First things first

Have you set up your Member account yet? If not, click here to do so.

Still not receiving your auto-login link?

Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.

Please click the button below which relates to the issue you’re having.

I didn't receive an e-mail

Tip: Check your spam

Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association

Tip: Check “other” tabs

Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.

Tip: Click the link within 60 minutes

For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.

Tip: Only click once

The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.

Tip: Delete old login e-mails

Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.

Tip: Check your security policies

Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.

Need to change your e-mail address?

For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.

Still got a question?