European fintech, Hokodo, has raised $40 million in a Series B funding round, less than a year after completing a Series A fundraise.
The funding, which comes on the back of a significant debt raise earlier this year, will fund the digital trade credit provider’s expansion into new European markets and the development of new products.
Led by Notion Capital, who participated in Hokodo’s Series A, further investment came from continental European investors Korelya Capital (FR), Mundi Ventures (ES), and Opera Tech Ventures (FR), reflecting the enthusiasm for Hokodo’s product in a variety of markets. Additional funding came from existing investors including Anthemis and Mosaic Ventures.
