What is Divido?
Founded in 2014, Divido has established itself as a key player in the point-of-purchase lending space. Its white label platform enables businesses to offer consumer finance solutions seamlessly at the checkout, enhancing sales and customer purchasing power. The company's technology serves as a crucial intermediary between retailers, lenders, and consumers, streamlining the application and approval process for credit at the point of sale. Divido's strategic focus on providing a flexible and integrated lending solution positions it to capitalize on the growing demand for point-of-purchase financing options in the retail and e-commerce sectors.
How much funding has Divido raised?
Divido has raised a total of $48.3M across 3 funding rounds:
Angel/Seed
$3.3M
Series A
$15M
Series B
$30M
Angel/Seed (2016): $3.3M with participation from DN Capital and Mangrove Capital partners
Series A (2018): $15M, investors not publicly disclosed
Series B (2021): $30M supported by SBI Investment, ING Group, Global Brain, Sony Innovation Fund, OCS, and HSBC
Key Investors in Divido
DN Capital
DN Capital is a global early-stage venture capital firm founded in 2000, with offices in London, Berlin, and San Francisco. The firm focuses on investing in Seed, Series A, and select Series B opportunities across four key sectors: Software, AI, Fintech, and Consumer Internet.
Mangrove Capital partners
Mangrove Capital Partners is a contrarian venture capital firm focused on empowering innovative entrepreneurs in Europe and Israel. The firm has a strong track record, having been early backers of several unicorns, including Skype and Wix.
ING Group
Founded in 1991 and headquartered in Amsterdam, Netherlands, ING Group is a Dutch multinational banking and financial services corporation. The company specializes in retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services.
What's next for Divido?
With a major strategic investment and a significant overall funding history, Divido appears poised for accelerated growth and market expansion. The company's recent financing, described as a major strategic investment, suggests a focus on scaling operations, enhancing its platform capabilities, and potentially forging deeper partnerships within the financial and retail industries. This capital infusion will likely support Divido's efforts to broaden its merchant network, expand its geographical reach, and further develop its technology to meet evolving consumer and business needs in the point-of-purchase lending market. The company's trajectory indicates a strong position to further solidify its role as a leading provider of white label lending solutions.
See full Divido company page
