Hokodo raises $40m Series B to take its B2B BNPL international
Summary
None Notion Capital, known for investments in GoCardless and Paddle, led the roundThere are nine B2B BNPL startups in Europe right now. Billie is the most well-funded player, valued at $640m after raising a $100m Series C last October which saw B2C BNPL king Klarna invest and choose it as its B2B partner.Berlins Mondu and Londons Playter, Tranch and Previse have all scored cash injections in the last month that edged their valuations that bit closer to Billies.But so far, none of these rivals have expanded into more than two countries. The fintechs three cofounders hail from the UK, Belgium and France which Carbonnier credits with giving the company an international mindset from the outset. None It also intends to expand to Italy, Scandinavia and Poland next, and cover all the key geographies of the European Economic Area within the next 18 months, Carbonnier tells Sifted. None More product verticals are also on the cards: Hokodo is plotting a loan solution for B2B merchants that still havent transitioned online and do business over telesales.Hokodo stands out from its ever-increasing pool of rivals with its international presence Carbonnier says every three months, weve entered a new country.