Divido is now working with PrestaShop, which powers 25% of all French online stores, lenders like BNP and payment intermediary partners like Worldline
PARIS and LONDON, Sept. 2, 2019 /PRNewswire/ -- Divido, the white-label platform for point-of-purchase finance which is licensed by retailers, lenders and payment intermediaries, today officially announces it is now 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 partner
Divido’s lending platform is already live and connecting national lenders with multinational retailers in France, including Simba Sleep which will be followed by Lenovo and HTC. 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.”
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 relationship.
Fully embedded in the French the ecosystem
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.
This week, Divido was welcomed 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 e-commerce, by creating an innovative ecosystem around these industries.
To find out more about how Divido could help your business in France, please get in touch with us at email@example.com.
Divido is a multinational white-label platform that connects lenders and retailers through one integration, enabling them to offer end-consumers the option to spread the cost of high-value items through monthly instalments.
Retailers offering Divido can increase sales by up to 20% and average order values by 15%, whilst lenders and payment providers licensing Divido’s technology can expand their loan portfolios and grow transaction revenues. Over 1000 customers and partners work with Divido including: BNP Paribas, BMW and Lastminute.
Divido connects with lenders to deliver high acceptance rates and low fees. The platform is also omnichannel, available online, in-store and via mobile, and works across multiple countries through one integration.
Divido has been recognised by Google, Forrester and the U.K. Government as leading innovation in the finance and retail industries. To learn more about Divido, visit divido.com.
PR Manager, Divido
Tel: +44 7796 434749