Exclusive: Curve hit by double C-suite departure

By Daniel Lanyon on Thursday 30 March 2023

Alternative LendingDigital BankingSavings and InvestmentCrypto

Since the start of 2023, Curve has seen the departure of its chief financial officer and general counsel.

Exclusive: Curve hit by double C-suite departure
Image source: Shachar Bialick/Curve

Curve’s chief financial officer and general counsel - two of its most senior members of its c-suite - have left the business, AltFi can reveal.

Scott Weller, who has been Curve’s CFO since 2020 after joining in the midst of the Covid pandemic and, according to a statement from the company served “as a steady hand through the many market shifts since then”. 

Alistair Houghton joined Curve in 2019 and has “played a vital role in fundraising and maturing our governance,” Curve added. 

Both left on good terms, according to Curve.

“We are fortunate to continue to benefit from Ali and Scott’s experience and friendship as they transition from executives to proud shareholders,” said Shachar Bialick, co-founder and CEO of Curve.

“As startups grow and mature, the skills and experience required from executives naturally shifts and a changing-of-the-guard is a healthy sign the company is adapting to meet new challenges.’ he added.

Paul Harold, CEO of Curve Credit, is now the group CFO, according to LinkedIn. 

Curve has also recently hired a new group of executives including Gagan Bhatia (former Uber and Uber Eats) and Beto Alvarez Vitale (founder of the largest media distribution business in LatAm and CEO of Encompass Media).

The company saw losses widen to £37.9m in 2021, up from £28.5m in 2019 but Bialick told AltFi in December 2022 the company was pivoting towards profitability. 

Like many consumer-facing fintech companies, Curve has faced both a challenging trading environment with consumer sentiment falling rapidly last year, as well as a swift shift in how investors have treated long-dated assets such as venture-backed tech startups. 

It made a round of mass layoffs back in May 2022, as AltFi exclusively revealed at the time.

By the end of 2022, however, it has inked a $1bn funding deal with Credit Suisse, which is currently undergoing a sale to rival UBS.

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