Zopa acquires BNPL firm DivideBuy in embedded finance push

British neobank Zopa is set to acquire Staffordshire-based buy now pay later (BNPL) company DivideBuy for an unspecified amount. The transaction marks Zopa’s first acquisition and will complete in the next few months.

By acquiring DivideBuy’s point-of-sale (POS) finance technology and lending platform, Zopa aims to bring a simple and fair solution for larger purchases that may otherwise take customers months or years to save for.

Read more: IBSi