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Zopa is set to acquire DivideBuy’s point-of-sale (POS) finance technology and lending platform. The transaction, which will complete in the next few months, marks Zopa’s first acquisition. Embedded finance is a $7.2 trillion opportunity globally, according to Dealroom. The deal is expected to increase Zopa’s revenue by at least 20% in the next few years. This move is a response to the consumer need to simplify their finances.
The use of debt financing to provide capital expanded greatly on Dec. 11, 2014 for a large group of financial institution holding companies when both chambers of Congress passed legislation that increased the total asset size for holding companies to qualify for exemptions to capital guidelines under the Small Bank Holding Company Policy Statement.
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