Hokodo Secures €10M Equity Raise for Digital Trade Credit Innovation

Hokodo, a pan-European digital trade credit provider, has announced a €10 million equity raise co-led by Korelya Capital and Opera Tech Ventures, a corporate venture fund of BNP Paribas. The round also saw participation from existing Series B investors like Mundi Ventures and Notion Capital. The funding seeks to boost product innovation, operational capacity, and the corporation’s expansion of its digital trade credit solutions across Europe. Hokodo plans to utilize this capital to develop a variety of digital trade credit solutions, including a new in-store solution for offline and omnichannel merchants. This move aims to accommodate industries relying on personal relationships and traditional sales channels. Hokodo has garnered recognition as a pioneer in the ‘B2B BNPL’ space since its establishment in 2018, aiming to furnish all B2B businesses with safe and flexible payment solutions. The funding further strengthens Hokodo’s market position as it expands its services and increases its merchant clientele. The overarching ambition is to make Hokodo the first truly pan-European digital trade credit platform.