Point-of-sale (POS) retail finance platform Divido has hired Todd Latham as its new CEO.
Latham will join Divido on 11 April and Neha Mittal, who has served as interim CEO since July 2021, will continue as chief operating officer (COO).
Prior to Divido, Latham spent more than eight years at cross-border payments solutions provider Currencycloud. As chief growth officer, he grew the paytech’s workforce from 20 to nearly 500 people.
Latham has also held senior positions at American Express and Microsoft.
He says: “The way people pay for goods and services is undergoing an extraordinary transformation, as consumers seek more value and control, while retailers seek to make it easier to buy.
“Divido’s technology is uniquely positioned to help retailers and banks adapt to these new trends in what will be a global multi-trillion dollar market.”
Divido founder Christer Holloman left the firm after seven years at the head of the company in September.
At the time, he said on LinkedIn: “I have decided to take this opportunity to vacate my day-to-day role and make room for a new tribute to take over,” referencing the Hunger Games. He has recently written a book, “How Banks Innovate”, and relocated to New York.
Founded in 2014 and based in the UK, Divido claims to have more than 1,000 clients across ten markets. It allows partnered retailers to offer branded buy now, pay later (BNPL) solutions to users at checkout.
Last summer, it raised $30 million in a Series B funding round led by HSBC and ING.