Buy Now Pay Later Platform Divido Secures $30 Million Series B

Divido, the world's largest whitelabel platform for retail finance, has raised a $30 million Series B funding round, which was led by HSBC and ING with participation from Sony Innovation Fund by IGV, SBI Investment, OCS, Global Brand, DG Daiwa Ventures, DN Capital, Dawn Capital, IQ Capital and Amex Ventures.

This funding round will fund international expansion, while continuing to build out Divido's market-leading platform for lenders and merchants.

Christer Holloman, Founder and CEO at Divido, said: "The retail finance market is in a period of exponential growth, expected to hit $2.5 trillion next year. At Divido, we have created a global standard for banks, retailers and payment partners to connect seamlessly to offer 'Buy Now Pay Later' to consumers. It is hugely exciting to have this round led by global clients, which is testament to the strength of our product and the strategic impact we deliver."

Divido's whitelabel platform connects lenders, merchants and partners at the point of sale, transforming retail finance with proven technology and industry expertise to create a flexible way to control and configure payments.

Launched in 2014, Divido now has more than 1,000 clients and operates in ten markets across two continents. The company’s mission is to transform retail finance and enable its lender and merchant customers to get to market, fast, with a superior, value-driven and responsible retail finance programme.