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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