Divilo closes a financing round of 6 million euros and heads the path towards profitability. The Spanish fintech specialized in payment solutions will use the financing raised to accelerate its international expansion and growth to the rest of the countries in Europe and also throughout Latin America. Thanks to this boost, the company exceeds 50 million capitalization and aims to obtain profits by 2024. “This round of financing allows us to advance our vision of turning Divilo into a global and iconic company, which establishes payments at through the smartphone and our Tap To Phone Deveep application as a standard both nationally and internationally,” he stated Celestino García, general director of Divilo.
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Together with other investments made previously, the series A recently obtained by Divilo amounts to a total of more than 12 million in value raised. In total, fintech has processed more than 50 million euros and more than 500,000 operations. This new injection of capital will reinforce the firm’s global vocation and will help expand the use of Tap To Phone Deveep, the application that allows payment through mobile phones of small businesses. The solution provided by Divilo eliminates dependence on paper and additional devices, something that allows companies to carry out all their collection operations electronically. The platform is accessible from anywhere and anytime to provide flexibility to both companies and their customers.
In mid-September, Divilo Celestino García joined as general director, former corporate vice president of Samsung Iberia, who will be promoted to CEO of the company as soon as authorization is obtained from the Bank of Spain. The founder and executive president of Divilo, Juan Guruceta, explained at the time that the plan is to obtain said approval before the end of the year. The short and medium-term plan is to expand throughout Germany, France, Italy, the United Kingdom and Portugal and later jump to regions in North America and Latin America. Founded in 2020, the fintech has around 6,000 active users of its mobile payment application and has closed alliances with companies such as Boyacá and Visa.