4 years ago

DivideBuy Secures £300 Million Financing from Davidson Kempner

  • DivideBuy, a UK-based buy now pay later (BNPL) provider, has secured a £300 million lending facility from Davidson Kempner Capital Management LP, which includes a minority equity investment

  • The financing will help DivideBuy expand in the point-of-sale market and strengthen its C-suite, platform investment, and retailer network, both in the UK and internationally

  • DivideBuy currently works with over 500 retailers and has achieved a milestone £150 million in Gross Merchandise Value (GMV) earlier in the year

  • The company is on track to reach £175 million by the end of 2021

  • They have also announced a partnership with musicMagpie to create a new rental platform.

      • ProblemFinancial Services

      "making larger-value purchases more accessible for consumers through flexible payment options"

      Solution

      "offering a buy now pay later (BNPL) service that allows customers to spread payments over a period of up to 12 months, increasing average basket values for retailers and enabling consumers to manage their finances more effectively"

      Covered on