Hokodo Raises £8.3M Equity Funding to Accelerate Expansion of B2B Credit Solutions

Hokodo funding has played a pivotal role in driving innovation within the B2B payments landscape across Europe. As a leading provider of digital payment terms solutions, Hokodo has consistently attracted significant investment to support its mission of making trade credit safer, simpler, and more accessible for businesses of all sizes.

In March 2024, Hokodo secured a £83 million debt facility from Viola Credit, a global credit investment manager. This substantial funding is set to facilitate more than £1.5 billion in B2B transactions over the next two years. The new capital will support the expansion of Hokodo’s embedded Pay Later and Pay Now offerings for B2B merchants and marketplaces. Aman Mehra, VP of Finance at Hokodo, stated, “With this new credit facility, and by partnering with a reputable global credit fund, we’re able to continue our work supporting the B2B economy, making payment terms safer, simpler and more sustainable for buyers and sellers of all shapes and sizes”.

The £83 million debt facility is not the only recent milestone in Hokodo funding. In April 2025, Hokodo announced a £8.3 million equity raise, co-led by Korelya Capital and Opera Tech Ventures, the corporate venture fund of BNP Paribas. This injection of capital will help Hokodo roll out a new in-store solution for offline and omnichannel merchants across Europe. The first deployment is with French professional supplies merchant RÉTIF, and more customer announcements are expected soon. Richard Thornton, co-founder and president of Hokodo, highlighted the importance of this funding, saying, “Our ultimate goal is to provide all B2B businesses with a way to pay that is safer, simpler and better supported. This equity raise takes us one step closer to making that a reality”.

Hokodo’s journey of securing funding began earlier, with a $40 million Series B fundraise in June 2022. This round was led by Notion Capital and aimed to help Hokodo reach its ambitious target of enabling one million businesses to access better payment terms by 2025. The Series B round followed a $12.5 million Series A raise, which supported Hokodo’s initial mission to revolutionize B2B payments and make trade credit more accessible to businesses emerging from the economic challenges of the pandemic.

The company’s innovative approach to digital trade credit has attracted industry-defining partnerships with financial giants such as BNP Paribas, Citi, and SCOR. Hokodo’s solutions allow B2B buyers to defer payment by 30, 60, or 90 days, or until the end of the following month. Recent features like ‘Pay in Instalments’ and ‘Pay Now’ give merchants a modular catalogue of payment options, enhancing flexibility for both buyers and sellers.

Hokodo’s funding has also enabled rapid expansion across Europe and North America. After acquiring a Lithuanian payments company in 2023 and becoming an Electronic Money Institution (EMI), Hokodo has been able to offer its digital trade credit solutions across the EU. The company’s partnership with US B2B payments company Balance further demonstrates its commitment to international growth.

The impact of Hokodo funding is evident in the scale of its operations. To date, Hokodo has processed payments for more than 50,000 business buyers and continues to onboard an ever-growing list of B2B merchants and marketplaces. The company’s solutions are designed to integrate seamlessly with both online and offline sales channels, making them accessible to businesses of all sizes and industries.

Investors and partners alike recognize the transformative potential of Hokodo’s digital trade credit platform. Vincent Baillin, co-head at BNP’s Opera Tech Ventures, remarked, “By co-leading this round we are showing just how much we believe in Hokodo’s potential to revolutionise the B2B payments space with digital trade credit”.

With each new round of Hokodo funding, the company strengthens its position as a leader in B2B payment solutions. These investments not only drive product innovation but also ensure that Hokodo can support the evolving needs of the B2B economy, helping businesses grow and thrive in a digital-first world.