Hokodo receives EUR 100 million debt facility

By providing a scalable, all-in-one payment solution for B2B, Hokodo aims to enable merchants, marketplaces, and other suppliers to accelerate growth without being interrupted by operational difficulties, outdated payment processes, or working capital constraints. The debt facility received from Viola Credit is set to support the continued introduction and expansion of Hokodo’s Embedded Pay Later and Pay Now offering for B2B merchants and marketplaces. Currently, Hokodo administrates every element of the trade credit management process, allowing merchants to focus their resources on customer acquisition and retention, product development, and other growth capabilities. The company provides buyers with instant access to flexible payment terms at checkout, with it being committed to mitigating cash flow issues and aiding the improvement of businesses on both sides of the transaction.

According to Hokodo’s officials, the company processed payments for more than 50,000 business buyers and entered partnerships with institutions, including BNP Paribas, Citi, and SCOR. The additional credit facility merged with partnering with Viola Credit, aims to enable the company to continue its work in supporting the B2B economy and making payment terms safer, more efficient, and more sustainable for buyers and sellers of all shapes and sizes. The announcement follows Hokodo’s recent collaboration with Balance, as well as its acquisition of a Lithuania-based payment business in 2023. Both moves aimed to assist the company in rapidly expanding its operations across Europe and North America.

Furthermore, representatives from Viola Credit underlined that, since its launch, Hokodo has been providing digital trade credit, delivering access to simplified financing options to small and medium-sized enterprises (SMEs) for purchases, thus helping merchants grow their customer base. The credit investment manager expressed enthusiasm over the extension of its collaboration with Hokodo, underscoring the additional financing capacity that aims to support the company in advancing its operations across Europe.