Divido looks to Europe as it signs cooperation agreement with Oney Bank
Written by Marketing Team
London, UK – 10th February 2023: UK-based checkout finance platform provider Divido today announces it has signed a cooperation agreement with Oney Bank S.A, an international bank specialising in payment, financing and insurance.
This cooperation agreement will give merchants on the Divido platform the option to provide checkout finance solutions to customers across Europe, underwritten by Oney. Oney offers consumer finance lending in France, Spain, Italy, Portugal, Poland, Belgium and Romania. Oney will also have the opportunity to offer existing merchant clients lending opportunities in the UK via the award-winning and best-in-class Divido platform to support consumer finance at the point of sale, both online and in stores.
Todd Latham, CEO of Divido, comments:
This is a brilliant partnership and a fantastic opportunity for both parties. As the world continues to adopt retail finance as its preferred payment method, we’re very proud to be giving customers across Europe the chance to do this through an established, dependable lender like Oney. It’s fantastic to be working alongside a retail finance bank with as big an appetite for worldwide growth as ours at Divido.
Christophe de Pompignan, Global Executive BNPL Leader at Oney, said:
We are delighted to announce the signing of a cooperation agreement with Divido, the UK-based consumer lending platform. This win-win cooperation aims to increase business opportunities for both parties as well as to strengthen Oney’s ambition to become one of the European market leaders in Buy Now, Pay Later (BNPL). At the same time, it is a unique opportunity to offer lending solutions to our existing merchants, supporting them and their customers in the UK market via the Divido platform.
About the companies:
Divido Financial Services Ltd. is a London-based financial services enterprise that connects Tier One lenders with retailers through its proprietary, white labelled retail finance platform.
Established in 2014, Divido was recognised by Deloitte in 2020 as one of the UK’s fastest-growing technology companies in the UK. In June 2021, Divido raised $30 million through Series B funding, led by investors HSBC and ING, to build out its market-leading and award-winning platform.
Oney is a different and unique type of bank, with our origins in retail. A partner in the transformation of retail for almost 40 years, Oney designs innovative payment, financing, and insurance solutions to give everyone the power to improve their daily lives and consume better. Oney, the creator of the split payment in 2008, is a market leader in BNPL (Buy Now, Pay Later) in several European countries. Alongside 4,400 retail and e-commerce partners with nearly 16,000 physical and online stores, Oney helps more than 7.8 million customers in Europe achieve their goals by offering them fast and easy online shopping experiences. Every day, our 2,600 talented people in 12 countries drive our ambition to be a more human and responsible bank.
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