# Divido Financial Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/divido-financial-services

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.divido.com
- Total disclosed funding: $50M
- Latest round: Series B (Jun 2, 2021)
- Investors on record: 15

## About

Divido Financial Services Ltd. is a UK-based financial technology company specializing in providing flexible payment solutions for businesses and consumers, primarily through point-of-sale finance models.Divido Financial Services Ltd. was founded in 2014 and operates from London, UK. The company offers innovative payment solutions aimed at enhancing the purchasing experience for customers. In June 2021, Divido raised USD 30 mn in Series B funding from investors including HSBC Bank and ING Group, with participation from other notable firms. The firm has successfully completed six deals to date. The company is led by CEO Christer Holloman, who has previously founded other ventures focused on technology and finance.Divido Financial Services specializes in providing various financial technology solutions, focusing on point-of-sale finance options that enable businesses to offer flexible payment plans to their customers. Their services include financing options for both online and in-store purchases, designed to enhance consumer engagement and facilitate sales. The company caters to a diverse clientele, including retailers and service providers, helping them integrate financing solutions seamlessly into their offerings.In 2022, Divido Financial Services reported a revenue of USD 4,529,374.30 and an EBITDA of USD -9,414,103, reflecting the company's ongoing investments in growth and development.Following the successful Series B funding round in June 2021, Divido Financial Services plans to utilize the USD 30 mn raised to accelerate its international expansion and enhance its platform capabilities. The company aims to launch new products that will further streamline financing options for customers, with specific timelines for release yet to be established. Additionally, Divido is targeting expansion into new markets, focusing on regions where demand for flexible payment solutions is growing, although specific geographic targets have not been disclosed.

## Funding rounds

- Series B, Jun 2, 2021, $30M — HSBC Bank, DN Capital, Dawn Capital, IQ Capital, Global Brain, American Express Ventures, SBI Investment, OCS Group, Sony Innovation Fund, DG Daiwa Ventures, ING Ventures
- Series A, Jun 13, 2018, $15M — MasterCard Investment, DN Capital, Dawn Capital, American Express Ventures
- Seed, Jun 26, 2017, $2.3M — Mangrove Capital Partners, DN Capital, Seedcamp, IQ Capital, Initial Capital
- Seed, Sep 6, 2016, $1.6M — Mangrove Capital Partners, DN Capital
- Seed, Jun 15, 2015, $1.2M — IQ Capital

## Investors

- IQ Capital (https://capitalatlas.ai/funds/iq-capital) — Seed, Series B
- Mangrove Capital Partners (https://capitalatlas.ai/funds/mangrove-capital-partners) — Seed
- DN Capital (https://capitalatlas.ai/funds/dn-capital) — Seed, Series A, Series B
- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed
- Initial Capital — Seed
- MasterCard Investment — Series A
- Dawn Capital (https://capitalatlas.ai/funds/dawn-capital) — Series A, Series B
- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Series A, Series B
- HSBC Bank — Series B
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series B
- SBI Investment (https://capitalatlas.ai/funds/sbi-investment) — Series B
- OCS Group — Series B
- Sony Innovation Fund (https://capitalatlas.ai/funds/sony-innovation-fund) — Series B
- DG Daiwa Ventures (https://capitalatlas.ai/funds/dg-daiwa-ventures) — Series B
- ING Ventures (https://capitalatlas.ai/funds/ing-ventures) — Series B