Brazilian fintech Divibank raised a $8.2M round led by Better Tomorrow Ventures. Magma Partners, Alter Global, Allievo Capital, Endeavor Scale-Up Ventures, Presight, MAYA Capital, Clocktower Ventures, Gilgamesh Ventures, and Rally Cap Ventures also participated in the round.
Divibank is a financing platform that provides non-dilutive capital to SMEs to fund digital marketing campaigns, supplier payments, or inventory. Businesses repay using a percentage of future revenue, aligning payments with cash flow. Divibank also offers payment products like payment links and payment orchestration.
Divibank will use the funds to grow its payment orchestration product, Divibank Pay, which integrates multiple payment processors, gateways, and methods in one platform and finds the cheapest option to process the payment.
Jaime Taboada, former Goldman Sachs Associate, and Rebecca Fischer, former Director at marketing company Kenshoo, founded Divibank in 2020. In 2021, Divibank raised a $3.6M round which was also led by Better Tomorrow Ventures.
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