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Brazil’s Divibank raises millions to become the Clearbanc of LatAm Divibank, a financing platform offering LatAm businesses access to growth capital, has closed on a $3.6 million round of seed funding led by San Francisco-based Better Tomorrow Ventures (BTV). São Paulo-based Divibank was founded in March 2020, right as the COVID-pandemic was starting. The company has built a data-driven financing platform aimed at giving businesses access to non-dilutive capital to finance their growth via revenue-share financing. “We are changing the way entrepreneurs scale their online businesses by providing quick and affordable capital to startups and SMEs in Latin America,” said co-founder and CEO Jaime Taboada. In particular, Divibank is targeting e-commerce and SaaS companies although it also counts edtechs, fintechs and marketplaces among its clients.

United statesKarim atiyehJake gibsonJaime taboadaDaniel simonTayo oviosuJosh abramowitzSebastian mejiaAlumni ventures groupSan francisco based better tomorrow venturesPaulo based divibankLatin americaVillage globalClocktower venturesMagma partnersGilgamesh ventures