London-based FinTech Divido has called in administrators.
The white label Buy Now, Pay Later (BNPL) company was backed by HSBC and ING in a £30 million Series B funding round in 2021.
A notice on its website says that last week Josh Dwyer and Richard Heis were appointed as joint administers for the business.
The firm told customers that if they have questions or interests in the business or assets to contact the company.
"The affairs, business and property of the Company are being managed by the Joint Administrators who contract as agents of the Company, without personal liability," wrote the Divido on its website.
Divido has been led by chief executive Todd Latham, who has previously worked for Currencycloud, American Express, and Microsoft, since Spring 2022.
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