Hokodo just secured more than €37.8 million in Series B funding with the goal of dominating the B2B BNPL market in Europe. The startup has created a method that gives companies access to immediate, interest-free payment arrangements.
The payments sector is changing, and it appears that the Buy Now Pay Later strategy is taking over as the new norm. London-based Hokodo is expanding quickly thanks to a product it created that offers businesses in Europe cutting-edge payment options. Less than a year after its Series A, the business just raised approximately €37.8 million in new funding.
Investors from continental Europe include Korelya Capital (FR), Mundi Ventures (ES), and Opera Tech Ventures also contributed to the funding, which was led by Notion Capital, which took part in Hokodo’s Series A. (FR). Existing investors such as Anthemis and Mosaic Ventures provided additional assistance.
Hokodo, a London-based company with a substantial European network, offers a B2B-specific BNPL solution that enables business clients to take advantage of immediate, hassle-free, interest-free payment terms. SCOR Syndicate 2015, SCOR SE’s corporate syndicate at Lloyd’s of London, underwrites the solutions, enabling the fintech to guarantee its merchants 100% of their payments even when the customer is unable to pay.
Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.