# DivDot Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/divdot-holdings

- Industry: Financial Services
- Headquarters: Victoria, Canada
- Website: www.divdot.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Jun 8, 2020)
- Investors on record: 6

## About

DivDot Holdings Ltd specializes in innovative financial technology solutions for the construction sector, providing seamless online payment processing and expense management tools to enhance financial workflows for its clients.DivDot Holdings Ltd was founded in 2018 in Victoria, Canada. The company focuses on delivering financial technology specifically designed for the construction industry. The founding team includes Matthew Smith and Nick Addison, with Matthew Smith serving as CEO. DivDot has participated in three investment deals, raising a total of CAD 0.820 mn, with its most recent funding round being a Seed round that concluded on March 31, 2021, led by E-Fund.DivDot Holdings Ltd offers financial technology solutions tailored for the construction industry, including online payment processing that enables businesses to accept ACH and card payments without fees. This service facilitates quicker transactions, allowing users to pay subcontractors instantly and enhancing cash flow management. Additionally, DivDot provides unlimited employee charge cards for streamlined expense management and enhanced FDIC insurance with no account fees or minimum balance requirements, primarily serving small to mid-sized construction businesses across the United States.DivDot Holdings Ltd generates revenue through transactional processing fees associated with its payment and financial services. Clients use its platform to manage payments to subcontractors and vendors, which enhances operational efficiency. The revenue structure involves transaction fees for each ACH transfer or card payment made through the platform, in addition to value-added services such as expense tracking tied to charge cards.DivDot Holdings Ltd plans to utilize the CAD 0.820 mn raised in the Seed funding round for product development and market expansion. The company is currently designing a new suite of financial products tailored for the construction industry, with anticipated release within the next 12 months. DivDot aims to expand its services into additional markets across Canada and the United States by late 2022, focusing on enhancing its presence in regions with a high density of construction activity.

## Funding rounds

- Seed, Jun 8, 2020, $0.5M — Hello Ventures, WUTIF Capital (VCC), Sprout Fund, E-Fund
- Seed, Jul 1, 2018 — Stacked Capital, Queen City Fintech

## Investors

- Stacked Capital (https://capitalatlas.ai/funds/stacked-capital) — Seed
- Queen City Fintech — Seed
- Hello Ventures — Seed
- WUTIF Capital (VCC) (https://capitalatlas.ai/funds/wutif-capital-vcc) — Seed
- Sprout Fund (https://capitalatlas.ai/funds/sprout-fund) — Seed
- E-Fund — Seed