Brazil’s Divibank raises millions to end up being the Clearbanc of LatAm

Divibank, a financing platform offering LatAm organizations access to development 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 established in March 2020, right as the COVID-pandemic was starting. The business has built a data-driven funding platform aimed at giving organizations […] For now, Divibank is focused on Brazil, thinking about the country is substantial and has more than 11 million SMEs “with numerous growth opportunities to check out,” according to Taboada….