L Marks alumni, Divido, win Retail Week Launch Pad

The best thing about working at L Marks, is watching relationships flourish. We love witnessing the progress our startup teams make during a programme and hearing amazing feedback from corporate partners they’re working with.

But a startup’s journey doesn’t stop at Demo Day and we’ve seen a number of teams a team go from strength to strength after their big day. Last week, we were delighted to see that one of those – Divido – won Retail Week’s Live Launch Pad. Divido lets customers spread the cost of any purchase over a period of time while the merchant gets paid in full right away.

L Marks have worked with Divido very closely as they successfully gained a place on two of our programmes; JDWorks with retailer N Brown (behind the JD Williams brand) and Innovation Lab 2016 with BMW Financial Services.

Here’s what our Chairman, Stuart Marks said about the news:

“When two of our clients came to us lo oking for disruptive forms of credit delivery, we knew Divido would be a great fit. They have the perfect combination of an impressive team and a great product. Divido have unearthed huge market potential, and I’m pleased to see their continued success. The recent Retail Week success is a testament to the hard work and due diligence delivered by our scouting team. Listening to your customers is key to growth, which is something Divido have illustrated seamlessly. We hope that retailers present at Retail Week’s Live Launch Pad understand the clear benefits of working with startups like Divido. Facilitating these relationships really could be the key to surviving disruption and making a real impact.”

Certainly one to watch!