Divido named in Top fintech startups in the UK

September 12, 2018

The UK fintech sector is booming. The massive £9.1 billion takeover of British payments processor Worldpay by US rival Vantiv helped the sector attract more investment than those in the US and China during the first half of this year, according to research by KPMG.
The combination of the country’s established expertise in finance, regulatory support for open banking, and the growing number of consumers giving on incumbent banks means investors are betting big that digital disruption to the sector will continue.
Here are some of the fintech startups that are attracting their investment.

1. Divido

Divido is a retail finance platform that enables companies to offer instalment payments to their customers online, in-store and over the phone. The platform connects to multiple lenders to deliver higher acceptance rates and lower fees for multiple finance products, from 0% interest to guarantor loans.
The company was founded in London in 2014 by a trio of Swedes, and has gone on to raise a total of £14.3 million, including $15 million (£11.4 million) from a September 2018 Series A round led by Dawn Capital and DN Capital. The cash injection will help Divido continue its global expansion into 10 more countries by the end of 2019.
Read next: Meet Divido, the fintech looking to democratise instalments

See the full list and article by Scott Carey here