Buy now, pay later provider Divido defies sector downturn with 50% growth in 2022
The white-label platform signed up several major new clients last year.
“Through strategic partnerships, retailers and lenders can offer consumers responsible checkout finance options,” said Divido CEO Todd Latham.
“In what will continue to be a difficult time for many, this level of choice can help brands earn trust and loyalty by creating frictionless finance for the consumer moments that matter.”
New partnerships already signed for 2023 include The London Mint Office, Nuvei, CellPoint Digital and an unnamed European retail bank.
The banking partnership will see Divido expanding its retail finance programme into new territories across Europe, and let existing clients tap into its services in more markets.
Divido last raised funding in June 2021 when its $30m Series B was led by banking giants HSBC and ING, with support from Sony Innovation Fund, SBI Investment, OCS, Global Brain and DG Daiwa Ventures, and existing backers DN Capital, Dawn Capital,IQ Capital and Amex Ventures.