Friday, September 17, 2021

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DivideBuy: Secures £300m Investment to Accelerate Growth

DivideBuy: Secures £300m Investment to Accelerate Growth

  • DivideBuy, has secured a £300 million lending facility as it continues its stellar growth trajectory
  • The funding from global investment management firm, Davidson Kempner Capital Management LP also includes a minority equity investment
  • This follows an already successful 12 months for the Newcastle-under-Lyme business
  • The interest-free credit POS finance market, driven by agile technologies was worth nearly £10 billion in 2020
  • Founded in 2014, has since carved an impressive niche in the sector by adopting a customer-centric solution
  • The company has one goal – to make buy now pay later transactions easy and accessible to retailers and customers
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