Today In Payments Around The World: Urban Company Notches $255 Million; Divido Lands $30 Million

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In today’s top payments news around the world, Urban Company has raised $255 million in a Series F funding round, while Divido has notched $30 million in venture funding. Plus, Yooz launched its new Yooz Rising automated accounts payable (AP) offering in Ireland.

India’s Urban Company Raises $255 Million, Values Home Service Marketplace At $2.1 Billion

Urban Company has landed $255 million in a Series F funding round that values the firm at $2.1 billion. The firm provides services running the gamut from carpentry to appliance repair and in-home beauty treatments. Urban Company operates in India, Australia and Singapore, among other places. “With this funding, we plan to rapidly scale our business while continuing to invest further in the safety of our consumers and service partners, training of partners and product development,” Urban Company Co-founder and CEO Abhiraj Singh Bhal said in a release.

BNPL Retail Finance Platform Divido Raises $30 Million

Divido, which is headquartered in the United Kingdom, has reeled in $30 million in venture funding that is headed up by ING and HSBC. The firm provides a buy now, pay later (BNPL) platform for the retail finance sector. Divido said in an announcement that it would harness the infusion “to fuel international expansion while continuing to build out its market-leading platform for lenders and merchants.” The firm, which rolled out in 2014, now has over 1,000 clients and runs in 10 markets on two continents.

Yooz Rolls Out New AP Software In Ireland

Yooz has rolled out its Yooz Rising automated AP product in Ireland. The software has also launched in the United States, the United Kingdom and France. The software is used by more than 1,000 organizations. Magali Michel, EMEA director at Yooz, said in the announcement that Yooz Rising provides “an unrivaled solution made for modern accounting and finance leaders striving for excellence and driven by a shared performance-driven ambition.”



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