Zopa has acquired buy now, pay later FinTech DivideBuy
IN BRIEF:
- DivideBuy allows merchants to offer their customers interest free payment options at checkout
- Under Zopa, DivideBuy will offer credit for larger purchases from £250 to £30,000
- The deal is expected to increase Zopa’s revenue by at least 20% in the next few years
What does this mean?
Zopa CEO Jaidev Janardana says: “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."
