Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Zopa swoops in and acquires buy-now pay-later firm DivideBuy

by February 16, 2023
February 16, 2023
Zopa swoops in and acquires buy-now pay-later firm DivideBuy

Digital lender Zopa has said that it is to purchase buy-now pay-later firm DivideBuy as it kicks off a dealmaking push following a funding round earlier this year.

The deal marks the London-based bank’s first acquisition and comes after it raised a £75m warchest in January, which bosses said would be channelled into dealmaking. Zopa did not disclose the value of the deal this morning.

The two firms are now set to team up to offer credit to customers for bigger purchases between £250 and £30,000. It comes after the bank first announced a push into the crowded BNPL market in June last year with what it called BNPL 2.0.

“This acquisition helps us bring to life BNPL 2.0, an evolution of BNPL which we believe delivers the easy, integrated product which customers love whilst also addressing some of the issues around affordability and responsible lending which have plagued the sector,” Zopa boss Jaidev Janardana said today.

Zopa, a licensed bank, will offer customers a fully regulated product to customers. The launch comes as the Treasury confirmed earlier this week that it would grant the FCA powers to regulate the sector this year.

DivideBuy allows merchants to offer their customers interest free payment options at checkout. Shoppers can spread the cost of their purchases over a 2-12-month period with over 400 merchants.

Robert Flowers, CEO at DivideBuy said in a statement “we were delighted to be approached by Zopa in its search for a POS finance provider to support its vision of building Britain’s best bank.”

Read more:
Zopa swoops in and acquires buy-now pay-later firm DivideBuy

0
FacebookTwitterGoogle +Pinterest
previous post
Oxford University spinout Lumai secures £1.1m Innovate UK Smart Grant
next post
How can employers manage redundancies when going insolvent?

You may also like

AI firm secures $300m valuation in major US...

August 4, 2024

What is a Net-Zero Company?

August 18, 2022

Big rise in businesses founded by women with...

February 22, 2023

Sir Philip Green loses legal case against UK...

April 8, 2025

Unlocking Global Opportunities: A Comprehensive Guide to E-2...

January 10, 2025

Chad Chancellor – the successful business professional and...

December 14, 2022

Evri to create 9,000 jobs in competition with...

July 29, 2024

MuxCap.com Reviews | How Safe Are the Platform...

January 29, 2025

Embracing cloud services without breaking the bank

December 28, 2022

Getting to know you: Kit Cox, Founder &...

October 27, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump 1.0 alums share chilling Google message from before second-term return: ‘LAWFARE at its finest’

      August 2, 2025
    • Trump closes week with plans to reposition subs amid heightened Russia tension, new tariffs

      August 2, 2025
    • Inside the Biden cover-up probe: 8 aides questioned, more on the way

      August 2, 2025
    • BROADCAST BIAS: ABC compares Sydney Sweeney ad to Nazis as networks go nuts about her ‘genes’

      August 2, 2025
    • Jeremy Hunt: ‘We’re over-medicalising anxiety and depression with sick notes’

      August 2, 2025
    • Cambodia to nominate Trump for Nobel Peace Prize for role in ending country’s conflict with Thailand

      August 2, 2025

    Categories

    • Business (8,652)
    • Investing (2,168)
    • Politics (16,286)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved