Hokodo, a European provider of digital trade credit solutions for B2B transactions, has raised €10m in fresh equity funding to accelerate its growth and product development.
The latest investment round was co-led by French venture capital firm Korelya Capital and Opera Tech Ventures, the corporate VC arm of global banking group BNP Paribas. Existing Series B investors Mundi Ventures and Notion Capital also participated in the round.
Founded in 2018, Hokodo has positioned itself as a key player in the digital trade credit space—often referred to as B2B BNPL (buy now, pay later)—with services designed to make B2B payments simpler and safer. The company was the first of its kind to be regulated as an electronic money institution (EMI), it claimed.
The newly raised funds will be channelled into product innovation and scaling operational capacity. Hokodo aims to build out its suite of solutions tailored to omnichannel sales environments and roll out its in-store offering across Europe. Its first deployment is with French professional supplies merchant RÉTIF, with additional partnerships set to be revealed soon.
Hokodo has been expanding its product reach beyond e-commerce to support offline and traditional sales processes.
Hokodo co-founder and president Richard Thornton said, “Despite a significant shift to e-commerce in B2B, the reality is that many industries are still driven by personal relationships and traditional sales processes. But transactions that take place offline can benefit from digital trade credit just as much as those on e-commerce sites and online platforms.”
Thornton added, “As we onboard an ever-growing list of larger and larger B2B merchants and marketplaces from all over Europe, we are really happy to have the support of partners and investors that have a full understanding of the problem Hokodo solves and conviction in the fact that we are the right people to solve it. 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.”
Korelya Capital partner Franco Danesi said, “Since Hokodo’s Series B fundraise, they have expanded rapidly across Europe, fulfilling their ambition to become the first truly pan-European digital trade credit provider. We’re thrilled to see Hokodo go from strength to strength, despite difficult market conditions.”
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