Round led by Better Tomorrow Ventures (BTV) with participation from existing investor MAYA Capital, new investors Village Global, Clocktower Ventures, and others
SÃO PAULO–(BUSINESS WIRE)–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).
Divibank will use the funds to accelerate its product roadmap and ramp up hiring. They are also developing value additive software for their clients. The software will help its clients better manage their digital ads campaigns and optimize their investment returns. The company is also working on a few additional financial products for its clients, targeting the $205B+ ecommerce and SaaS markets in Latin America with offerings such as inventory financing and recurring revenue securitizations.
“We are building the go-to-platform for entrepreneurs looking to scale their businesses. Divibank is changing the way entrepreneurs scale their online ventures by providing quick, affordable, and…