Zopa to acquire DivideBuy

Zopa is poised to complete its first acquisition with the purchase of point-of-sale and lending platform DivideBuy in a move to ‘bring to life’ its Buy Now, Pay Later (BNPL) offering.

The bank said its BNPL 2.0 offering will combine technology and FinTech innovation to enable instant decisions and fully integrated consumer journeys with consumer protection, credit checks and safeguards.

Zopa said it has made the move to buy DivideBuy in response to consumer needs to simplify their finances, and that together the companies will bring a ‘simple and fair’ solution to larger purchases - £250 to £30,000 – that “may otherwise take consumer months or years to save up for”.

Jaidev Janardana, chief executive at Zopa, said: “This acquisition helps us bring to life BNPL 2.0, an evolution of BNPL which we believe delivers the easy, integrated product which customers love whilst also addressing some of the issues around affordability and responsible lending which have plagued the sector.”

Zopa recently passed the £3 billion deposits mark, claiming to be the fastest challenger bank to do so.

    Share Story:

Recent Stories


Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.

Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.

Unleashing generative AI: A force multiplier for financial crime teams
This FStech webinar, sponsored by NICE Actimize sees industry experts examine the revolutionary impact of generative AI on financial crime operations, and provides actionable insights to enhance your compliance strategies.