LONDON - Monday 2nd September 2019: Divido, the white label platform for point-of-purchase finance licensed by retailers, lenders and payment intermediaries, today officially announces it is processing transactions in the French market, announcing new clients and the opening of its new office in Paris as it ramps up activity in the region.
Multinational retailers chose Divido to reach 234 million customers via one integration
Divido’s lending platform is already live and connecting national lenders with multinational retailers in France, including Simba Sleep. They chose Divido because its platform is multi-country, omnichannel and quick to launch.
“The consumer finance market is thriving in France and throughout Europe. Some of our biggest clients are based in the region, while others are looking to make the leap into one of the world’s largest economies,” said Christer Holloman, CEO and co-founder, Divido.
“Our expansion into France is a symbol of our natural evolution as a company. Our goal has always been to build the world’s most global platform for point-of-purchase finance.”
Lafayette selects Divido’s platform for its premier retail accelerator
This week, Divido was brought onboard the Lafayette Plug and Play retail accelerator program, which was created by the Galeries Lafayette Group, in partnership with the Silicon Valley-based startup accelerator Plug and Play Tech Center. Located in the heart of Paris, Lafayette Plug and Play aims to support the development of French and international startups disrupting retail and ecommerce, by creating an innovative ecosystem around these industries.
Christer Holloman, CEO, Divido
French lenders partner with Divido to access deal flow and technology
For lenders who want to rapidly grow or defend existing revenue streams through point-of-sale finance, and want to offer new lines of credit and omnichannel capabilities, but grapple with the restrictions of legacy systems, Divido is the ideal technology partner.
For French lenders, Divido’s platform provides a gateway to retailers in multiple countries and different currencies, all through one integration.
Working with French e-commerce platforms and PSPs
Working with major e-commerce platforms and PSPs, Divido is already deeply integrated into the French payments ecosystem. Recently, Divido partnered and went live with France’s PrestaShop, one of the world’s most popular e-commerce platforms, across several European markets.
Divido also won Worldline’s payments hackathon, working with clients such as AccorHotels to deliver a winning payment solution within 48 hours.
To find out more about how Divido could help your business in France, please get in touch.