HSBC and ING back BNPL platform Divido with USD 30 million

Thursday 3 June 2021 13:06 CET | News

UK-based buy-now-pay-later (BNPL) fintech Divido has announced a USD 30 million Series B fundraise, supported by HSBC and ING, among others.

Divido, which operates a platform for retailers to partner with lenders and offer custom-branded BNPL options on their online checkouts, said the cash will go towards further international expansion. 

Among its investors are new backers HSBC and ING, who led the round, Sony Innovation Fund, SBI Investment, OCS, Global Brain and DG Daiwa Ventures, and existing backers DN Capital, Dawn Capital, IQ Capital and Amex Ventures. Through its platform, Divido allows retailers craft their own bespoke BNPL offerings. Today Divido operates in 10 countries with more than 1,000 clients so far.

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Keywords: funding, BNPL, ecommerce, B2B payments
Categories: Payments & Commerce | Ecommerce
Countries: Europe
This article is part of category

Payments & Commerce