Zopa is set to acquire BNPL platform DivideBuy, in a deal expected to increase its revenue by at least 20% over the next few years.
The deal cements Zopa’s move into the embedded finance space and comes only two weeks after it raised £75 million to spearhead a 2023 mergers and acquisitions push.
Through the acquisition, both companies are aiming to bring a “simple and fair” solution for larger purchases that may otherwise take a customer months or years to save for.
The BNPL offering will combine technology and fintech innovation to enable instant decisions and fully integrated consumer journeys with consumer protection, credit checks and safeguards of a regulated bank.
