We’re delighted to announce that we won the Best POS Solution category at The Cards & Payments Awards 2022, beating ACI Worldwide, Worldpay and UTP, as well as being shortlisted for the Best Consumer Credit Card or Credit Facility category.
Following an impressive period of growth for us, this important award win paves the way for further growth in 2022 and beyond. This latest achievement is a testament to how DivideBuy is redefining the world of interest-free credit for the modern consumer, and further demonstrates our award-winning POS credit solution in a vastly competitive sector. As a business, we’re committed to offering an ethical and transparent way for consumers to manage their financial responsibilities while also empowering retailers to grow in a challenging and competitive landscape.
Through the eyes of our CEO
Commenting on the win, our CEO, Robert Flowers, said: “The Cards & Payments Awards are the most prestigious in our industry, and we are delighted to have won the Best POS Solution category and to have been shortlisted for the Best Consumer Credit Card or Credit Facility category. I want to thank the team at DivideBuy for their hard work, dedication, and vision in creating an accessible and ethical payments solution for retailers and consumers across the country.
“This win marks an important moment for DivideBuy as we continue to build on last year’s growth. In today’s complex economic climate, consumers nationwide are looking for flexible and responsible ways to pay for their goods and services.
“As both the technology platform provider and lender, we are able to remain in control of each part of the lending process, making our interest-free lending work in the interest of both the consumer and the retailer. We want to become the perfect credit partner for consumers and retailers, offering the nation’s shoppers truly flexible finance and the ability to make more informed purchasing decisions.”
Continuing the growth
The good news comes after last year’s milestone announcement of a £300m funding agreement with global investment management firm, Davidson Kempner Capital Management LP, following a broadening of its consumer base, a major shift in consumer attitudes towards interest-free credit and its acquisition of several major retail partners. DivideBuy also ranked fourth in Deloitte’s Technology Fast 500™ Europe, Middle East & Africa (EMEA), marking the third consecutive year of inclusion on the list. This is recognition of our impressive median revenue growth of 19.5% over the term, making us the fourth fastest growing technology company in EMEA, and third in the UK.
Interest-free POS finance is the fastest-growing eCommerce payment method in the world today, accounting for 2.9% of global eCommerce transaction value in 2021 and projected to account for a 5.3% share of the market by 2025 according to a report by WorldPay.
This form of affordable credit is also proving to be a hit with millennials, with 54% of UK consumers in this age bracket in a survey by Finder using it as an easy and convenient payment option, in comparison to credit cards that charge interest and higher fees.
Start using our interest free credit solution today.