6 years ago

DivideBuy Secures £60 Million Investment to Expand Interest-Free Credit Solutions

  • DivideBuy, a UK-based interest-free credit provider, has secured over £60 million in equity investment and debt financing from Paragon, Souter Investments, and Jon Moulton

  • The investment will support DivideBuy's product development, including enhancements to its offline solution, customer experience, and after-care products

  • It will also help expand the company's retailer network, making interest-free credit more accessible to consumers

  • Paragon's structured lending team played a key role in arranging part of the debt facility, demonstrating their commitment to supporting fintech firms like DivideBuy.

      • ProblemFinancial Services

      "Many consumers lack access to flexible and transparent interest-free credit options for spreading the cost of purchases."

      Solution

      "DivideBuy provides an interest-free credit platform that allows retailers to offer flexible payment options to consumers, improving affordability and increasing sales."

      Covered on