B2B BNPL fintech Hokodo lands €100m debt facility from Viola Credit
Buy now, pay later (BNPL) solutions vendor Hokodo has secured a €100 million debt facility from Viola Credit, a global credit investment manager headquartered in Tel Aviv, Israel.
Hokodo bags €100m debt facility from Viola Credit
The UK-based fintech says it will be able to facilitate €1.5 billion-worth of B2B transactions across Europe over the next two years through the new debt facility.
It adds that this will fuel the ongoing rollout and development of its embedded pay-later and pay-now solution, which has been adapted for “B2B merchants and marketplaces”.
Hokodo’s current suite extends to a Trade Credit-as-a-Service solution for B2B enterprises, which it claims allows business owners to offer credit terms to their customers in real-time.
With this, the fintech has been doubling down on its international market presence and technology capabilities as of late, as evidenced by its recent partnership with the French banking group BNP Paribas, which is aiming to introduce a new BNPL solution tailored for large commerce businesses.
Aman Mehra, Hokodo’s VP of finance, asserts that the new cash injection, alongside its collaboration with a “reputable global credit fund”, has made “payment terms safer, simpler and more sustainable for buyers and sellers” in the B2B economy.
This recent funding adds to the fintech’s Series B of 2022 which, led by existing investor Notion Capital, raised $40 million.
