Divido

A POS (point of sale) credit business, providing an option for retail businesses to offer interest-free credit omnichannel. Divido connects banks (underwriters) to retailers through a simple and lightweight technology component. They also provide “Powered by Divido” as a full stack white label product for banks. Divido was identified by Forrester as a leading retail finance solution. The company was recently selected by SWIFT (used by 11,000 financial institutions in 200+ countries) as their systems integrator.

Since the investment round in June 2015 in which Pontaq participated (£2.25M pre-money), Divido has expanded to 1000+ merchants in UK and Germany and is on track to expand across 15 countries including Norway, Finland, Sweden and Denmark. Divido has attracted American Express, Mastercard and Dawn Capital in its latest round of funding valuing the company at £25M pre-money. Divido had offered two exit options at 3.4X and 4.5X. Pontaq realized this through a partial exit at 4.5X (~60% IRR) in June 2018. The company has raised £14.3M so far over 5 rounds and is well on its way to becoming a $1B venture.