It seemed that there were many fintech, but there is always room for some more. In fact, Spain is one of the most fertile lands for this ecosystem. According to El Referente, there are 400 companies dedicated to this business – 50 of them foreign – leaving Spain as the sixth most powerful ecosystem in the world. Now one more is born that, in addition, seeks to compete with one of the great fintech companies for companies. Divilo, 100% Spanish capital, wants to remove Stripe from the map, the giant of payment gateways based in the United States and operations throughout Europe. At the second level they also want to compete against Quonto, a similar version but with origin in France.
Divilo, founded by Juan Guruceta, wants to conquer the most powerful business group in Spain: SMEs. Virtually all of the business fabric in the country. Also to the self-employed – more than 3 million in Spain. It is precisely the group that Stripe already identified a few years ago, also adding payment gateways for big players: Deliveroo, Booking or Asos among many others.
The Stripe Advantage? The long history that they have been behind since its founding in 2010 and its valuation of 95,000 million dollars. Divilo now has to convince with its recent creation, a team that was born from the large consulting firms and financial institutions, with a financing round of 5.2 million euros and a valuation of 24 million euros.
Divilo points to 0.45% plus 0.06 cents for operations through mobile
At the moment, and like most of the companies in its environment, it is now entering the segment through the competitiveness of commissions and mobile management of services. Because there is something clear in this segment is that the business model is still based on commission systems. If an already consolidated Stripe has a fee of 1.4%, plus 0.25 euros per transaction, Divilo points to 0.45% plus 0.06 cents for operations through mobile. That is, those in which the mobile phone operates as a dataphone through NFC technology – due to operating costs, they point out.
It is precisely the use of the mobile payment system – developed through the mobile devices themselves – that the company wants to exploit to differentiate itself from the competition. Mainly from large financial institutions and their dataphones.
For payment gateways, the usual ones on any platform, only They will take the commission percentage of 0.55% of the purchase. Even so, they assume that they are competitive prices that will rise over time once they are consolidated in the sector and the supply period ends.
At the moment, and without going on the market yet, its intention is to have 2,000 clients by December. As well as going out to conquer Europe and Latin America, regions in which Stripe also has a dominant position.