London based point of sale lending platform has raised a $15 million Series A led by Dawn Capital.
Launched in late 2015, London-based Divido currently works with over 1,000 partners to enable them to offer B2C and B2B finance to their customers at checkout. This includes being able to spread the cost of any product or service over a period of time by providing instant access to credit at the point of purchase, either online and in-store. However, where the company differentiates from the likes of Klarna is that Divido doesn’t provide the line of credit itself or work with a single lender, instead operating a marketplace model. This sees lenders compete to offer the most suitable credit.