Zopa acquires DivideBuy

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As the first acquisition from a USD 75 million war chest raised earlier this year, Zopa has acquired buy now, pay later company DivideBuy. DivideBuy enables businesses to provide interest-free payment options to customers during the checkout process.

With more than 400 merchants, customers can spread the cost of their purchases over a two to twelve month period. DivideBuy, a Zopa company, will provide credit for bigger purchases ranging from £250 to £30,000.

The company plans to review all applications for creditworthiness and affordability, report debt positions to credit reference agencies, and provide exclusive tools to help customers pay off their debt. In the coming years, the agreement is anticipated to raise Zopa’s revenue by at least 20%.

Read More: Zopa snaps up DivideBuy

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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