Divido Raises $30M in Series B Funding


Divido, a London, UK-based whitelabel platform for retail finance, raised $30m in Series B funding.

The round was led by HSBC and ING, with participation from Sony Innovation Fund by IGV, SBI Investment, OCS, Global Brain, DG Daiwa Ventures, and existing backers DN Capital and Dawn Capital, IQ Capital and Amex Ventures.

The company intends to use the funds to accelerate international expansion and build out its platform for lenders and merchants.

Led by Christer Holloman, Founder and CEO, Divido provides a whitelabel platform that connects lenders, merchants and partners at the point of sale. Launched in 2014, the company now has more than 1,000 clients and operates in ten markets across two continents. Clients include BNP Paribas, Nordea, Lastminute.com and Lenovo, among others.