DivideBuy
About DivideBuy
DivideBuy is a company founded in 2014 by Max William Thowless-reeves and Christopher Peter Martin was acquired by Zopa in February 2023.. DivideBuy has raised $89.86 million across 8 funding rounds from investors including Shawbrook Bank, Zopa and Paragon Bank. DivideBuy offers products and services including Interest-Free Credit and Retail Finance Solutions. DivideBuy operates in a competitive market with competitors including Afterpay, Klarna, Zilch, Raylo Pay and Deko, among others.
- Founders Max William Thowless-reeves, Christopher Peter Martin
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Zopa Bank Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$89.86 M (USD)
in 8 rounds
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Latest Funding Round
$414.32 M (USD), Debt – Conventional
Sep 10, 2021
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Investors
Shawbrook Bank
& 5 more
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Employee Count
Employee Count
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Acquired by
Zopa
(Feb 16, 2023)
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Products & Services of DivideBuy
DivideBuy offers a comprehensive portfolio of products and services, including Interest-Free Credit and Retail Finance Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables shoppers to pay for purchases in installments without interest charges.
Helps merchants increase sales through credit options and eligibility checks.
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Sales and Marketing
2 people
Product Management Team
1 people
Leadership Team
1 people
Senior Team
1 people
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Funding Insights of DivideBuy
DivideBuy has successfully raised a total of $89.86M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $414.32 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Debt – Conventional — $414.3M
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First Round
First Round
(10 Jun 2014)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Debt – Conventional - DivideBuy | Valuation |
investors |
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| Jul, 2021 | Amount | Series B - DivideBuy | Valuation | Davidson Kempner Capital Management |
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| Jan, 2020 | Amount | Series B - DivideBuy | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DivideBuy
DivideBuy has secured backing from 6 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Shawbrook Bank, Zopa and Paragon Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Souter Investments is engaged in private equity investments.
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Founded Year | Domain | Location | |
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Global investment firm focusing on credit and event-driven opportunities worldwide.
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Founded Year | Domain | Location | |
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Commercial banking services are provided in the United Kingdom.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DivideBuy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - DivideBuy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Dividebuy Comparisons
Competitors of DivideBuy
DivideBuy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Afterpay, Klarna, Zilch, Raylo Pay and Deko, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A buy now pay later service is offered by Afterpay.
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| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated through an online platform for purchases.
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| domain | founded_year | HQ Location |
Direct-to-consumer ad-subsidised payments network
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| domain | founded_year | HQ Location |
POS financing solutions are offered to businesses through monthly subscriptions.
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| domain | founded_year | HQ Location |
Purchase financing is enabled through a B2B2C multi-lender platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Dividebuy
Frequently Asked Questions about DivideBuy
When was DivideBuy founded?
DivideBuy was founded in 2014.
Is DivideBuy a funded company?
DivideBuy is a funded company, having raised a total of $89.86M across 8 funding rounds to date. The company's 1st funding round was a Series B of $2.3M, raised on Jun 10, 2014.
What does DivideBuy do?
DivideBuy was established in 2014 as an online financing platform in the consumer credit sector. Interest-free credit options are provided to customers through partnerships with retailers, enabling purchases to be spread across monthly installments for up to 12 months. Operations focus on the UK market, facilitating accessible payment solutions without additional interest charges. Key figures include co-founder Max William Thowless-Reeves and founder Christopher Peter Martin.
Who are the top competitors of DivideBuy?
What products or services does DivideBuy offer?
DivideBuy offers Interest-Free Credit and Retail Finance Solutions.
Who are DivideBuy's investors?
DivideBuy has 6 investors. Key investors include Shawbrook Bank, Zopa, Paragon Bank, Davidson Kempner Capital Management, and Jon Moulton.
What is DivideBuy's valuation?
The valuation of DivideBuy is $83.31M as of Jul 2021.
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