Hokodo secures €100m debt to facilitate €1.5bn of B2B transactions

Hokodo, Europe’s leading provider of digital payment terms solutions, has today unveiled a new €100 million debt facility from Viola Credit, a global credit investment manager dedicated to fostering the growth of the innovation economy.

With this fresh injection of financing, Hokodo is poised to facilitate over €1.5 billion of B2B transactions in the next 24 months. The debt facility will further bolster the expansion and rollout of Hokodo’s embedded Pay Later and Pay Now offerings for B2B merchants and marketplaces.

Aman Mehra, VP of Finance at Hokodo, expressed, “To date, Hokodo has processed payments for more than 50,000 business buyers and forged industry-defining partnerships with institutions such as BNP Paribas, Citi, and SCOR. With this new credit facility and our partnership with a globally respected credit fund, we can continue our mission of supporting the B2B economy by simplifying and securing payment terms for buyers and sellers of all sizes.”

Established in 2018, Hokodo empowers B2B buyers across the UK and EU to defer payment by 30, 60, or 90 days, or until the following month’s end. Recently, Hokodo has introduced ‘Pay in Instalments’ and ‘Pay Now’ features, providing B2B merchants with a customizable range of payment options.

By managing every aspect of the trade credit management process, Hokodo enables merchants to redirect resources to customer acquisition and product development, while buyers gain immediate access to flexible payment terms at checkout. Hokodo alleviates cash flow challenges for both buyers and sellers, fostering growth opportunities for businesses on both ends of the transaction.

Following the acquisition of a Lithuanian payments company in 2023 and its subsequent transformation into an EMI, coupled with the recently announced partnership with US B2B payments firm Balance, Hokodo is rapidly expanding its footprint across Europe and North America.

Neha Mittal, VP Europe at Viola Credit, remarked, “Since its inception 6 years ago, Hokodo has rapidly emerged as a leading provider of digital trade credit, granting numerous small businesses seamless financing options for purchases, thereby aiding merchants in expanding their customer base. We are excited to deepen our relationship with Hokodo and provide additional financing capacity to support their growth and scaling aspirations across Europe.”