Hokodo raises £32.7m in Series B funding led by Notion Capital to fuel European expansion.
Notion Capital led the Series B round for Hokodo, with participation from continental European and existing investors.
Hokodo provides digital trade credit and buy now, pay later solutions for business commerce across Europe. The firm combines credit scoring and fraud detection into a single platform for merchants.
Hokodo has secured £32.7m in a Series B funding round to accelerate its expansion across continental Europe and develop new products. The investment was led by Notion Capital, with participation from continental backers including Korelya Capital, Mundi Ventures, and Opera Tech Ventures. Existing investors Anthemis and Mosaic Ventures also contributed to the raise. The fresh capital follows a recent debt financing and aims to scale the firm's digital trade credit infrastructure for business commerce.
From the founder
"We’re the only BNPL provider that meets all requirements of B2B merchants, including credit scoring, fraud detection, payments, collections, financing and credit insurance,"
Richard Thornton
co-founder and co-CEO at Hokodo
Investor perspective
"We’ve been following Hokodo since the beginning and made an initial investment as part of their Series A. We’re delighted to lead their Series B and double down on our support of Hokodo,"
Patrick Norris
General Partner, Notion Capital
Use of funds
- 01Expand into international markets
- 02Continue product development
Investors
Patrick Norris
Notion Capital
Korelya Capital
Mundi Ventures
Opera Tech Ventures
Anthemis
Mosaic Ventures