Hokodo, a London, UK based mostly digital commerce credit score supplier, raised $40m in Collection B funding.
The spherical was led by Notion Capital, with participation from Korelya Capital, Mundi Ventures, Opera Tech Ventures, Anthemis and Mosaic Ventures.
The corporate intends to make use of the funds for its growth into new European markets and the event of BNPL options for telesales and in-store purchases.
Led by Louis Carbonnier, and Richard Thornton, Hokodo gives Purchase Now, Pay Later options to the B2B market, enabling enterprise clients to profit from immediate, interest-free fee phrases. A pacesetter within the discipline within the UK, the corporate is at present increasing into continental Europe, and dealing on the creation of recent merchandise devised to serve the B2B market.
With new retailers not too long ago onboarded in France (Paris Trend Retailers) and Spain (Katoo), following launches in Belgium and the Netherlands (Ankorstore) earlier this yr, a portion of the brand new funding will see the corporate develop its efforts to turn into the B2B BNPL class chief in continental Europe.
FinSMEs
23/06/2022
