Total amount raised
$40 Millions
Latest funding date
06/01/2022
Location
Title
Hokodo has successfully raised significant funding to support its B2B Buy Now, Pay Later and digital trade credit solutions. The platform offers flexible payment terms, including 30, 60, and 90 days, instalments, and trade accounts.
Keep reading to explore the intricacies of Hokodo's fundraising journey and the investors backing this innovative platform.
What Is Hokodo?
Hokodo, founded in 2018, is a company that provides B2B Buy Now, Pay Later and digital trade credit solutions. The company is headquartered in London, with an additional office in Paris.
Hokodo was founded by Richard Thornton and Louis Carbonnier. The platform offers flexible payment terms, including 30, 60, and 90 days, instalments, and trade accounts.
With a growing team, Hokodo continues to expand its reach and impact in the B2B sector. The company is dedicated to making trade credit accessible and efficient for businesses of all sizes.
How Much Funding Has Hokodo Raised?
- Amount Raised: $40 million
- Date: June 2022
- Lead Investors: Notion Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Expansion into new European markets and development of Buy Now, Pay Later (BNPL) solutions for telesales and in-store purchases.
Hokodo has raised a total of $40 million in funding. The current valuation is not publicly disclosed.
Key Investors
- Notion Capital
- Details: Notion Capital is a venture capital firm that led Hokodo's Series B funding round. They specialize in early-stage technology companies.
- Investment Focus Areas: SaaS, enterprise software, fintech
- Notable Investments: Tradeshift, GoCardless, Currencycloud
- Korelya Capital
- Details: Korelya Capital is a European venture capital firm that participated in Hokodo's Series B funding round. They focus on supporting technology companies.
- Investment Focus Areas: Technology, European startups, digital innovation
- Notable Investments: Devialet, Ledger, Snips
- Mundi Ventures
- Details: Mundi Ventures is a venture capital firm that also participated in Hokodo's Series B funding round. They invest in insurtech, fintech, and deep tech companies.
- Investment Focus Areas: Insurtech, fintech, deep tech
- Notable Investments: Wefox, Clarity AI, Bdeo
- Opera Tech Ventures
- Details: Opera Tech Ventures is the venture capital arm of BNP Paribas, participating in Hokodo's Series B funding round. They focus on fintech and digital innovation.
- Investment Focus Areas: Fintech, digital innovation, financial services
- Notable Investments: Tink, Kantox, Fortia Financial Solutions
- Anthemis
- Details: Anthemis is a venture capital firm that participated in Hokodo's Series B funding round. They specialize in fintech and insurtech investments.
- Investment Focus Areas: Fintech, insurtech, digital finance
- Notable Investments: Betterment, Simple, Trov
What's Next for Hokodo?
Hokodo's future looks promising as it aims to expand into new European markets and develop Buy Now, Pay Later (BNPL) solutions for telesales and in-store purchases. The company is poised to become a leader in the B2B BNPL sector across Europe, with recent expansions in France, Spain, Belgium, and the Netherlands.
Given the significant growth potential, Hokodo may seek additional funding rounds to support its aggressive expansion plans. The increasing adoption of BNPL solutions in the B2B market and growing interest from venture capital firms in fintech solutions present ample opportunities for further growth.
However, Hokodo may face challenges such as competition from other BNPL providers, regulatory hurdles in different European markets, and the need to integrate and adopt BNPL solutions by merchants and businesses. Managing rapid expansion while maintaining service quality will also be crucial for the company's success.
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