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Divibank Raises $3.6M To Help Entrepreneurs In Latin America Grow Their Businesses, Announces Plan To Provide Marketing Analytics Software For Clients

May 14, 2021•about 4 years ago

Amount Raised

$3.6 Million

Round Type

seed

Sao Paulo

Description

Divibank, the financing platform where LatAm businesses have access to growth capital via revenue-share financing, announced on May 12, 2021, it closed a $3.6M round of Seed funding led by Better Tomorrow Ventures (BTV) alongside other investors including MAYA Capital, Village Global, Clocktower Ventures, Magma Partners, Gilgamesh Ventures, Rally Cap Ventures, Alumni Ventures Group, Sebastian Mejia (Founder/President of Rappi), Tayo Oviosu (Founder/CEO of Paga, who participated via Kairos Angels), Karim Atiyeh (Founder/CTO of Ramp), Josh Abramowitz and Daniel Simon (founders of Bread).

Company Information

Company

Divibank

Location

Sao Paulo, Sao Paulo, Brazil

About

Divibank is a data-driven financing platform where businesses have access to capital to finance their growth via revenue-share/non-dilutive financing. It is changing the way entrepreneurs scale their online businesses without dilution by providing quick and affordable capital to startups and SMEs in Latin America. As part of its smart-money proposition, the company also offers marketing analytics software for clients to get more value out of the capital they receive. Divibank is backed by Better Tomorrow Ventures, MAYA Capital, Village Global, Clocktower Ventures, Magma Partners, Rally Cap Ventures, Gilgamesh Ventures, Alumni Ventures Group and Kairos Angels among others. Learn more about Divi at https://divibank.co/en/.