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Brazilian Divibank raises US$3.6 million with heavyweight US funds BTV and Village Global


RIO DE JANEIRO, BRAZIL - In 2019, Colombian Jaime Taboada landed in Brazil after working for 5 years at Goldman Sachs in New York.
Interested in entrepreneurship in Latin America, he joined the Maya Capital fund, founded by Lara Lemann and Mônica Saggioro, to better understand market opportunities. While helping investors analyze businesses, he noticed a pattern: startups were looking for funding to finance digital marketing strategies. It s a high capital cost to invest in campaigns, it didn t make sense, says the entrepreneur.
When he met Brazilian Rebecca Fischer, former director of marketing company Kenshoo, his concerns turned . . .
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Brazil's Divibank raises millions to become the Clearbanc of LatAm – TechCrunch


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. ....

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