Viola Credit provides €100m debt facility to B2B BNPL fintech Hokodo

Viola Credit, a global credit investment manager, has provided a €100 million debt facility to Hokodo, the specialty finance BNPL provider.

With the newly acquired funds, Hokodo plans to facilitate nearly EUR 1.5 billion of B2B transactions over the next 24 months. The debt facility will also support the continued roll-out and expansion of Hokodo’s embedded Pay Later and Pay Now offering for B2B merchants and marketplaces.

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.

Hokodo is one of Europe’s leading provider of digital trade credit (Buy-Now-Pay-Later) solutions in the B2B segment, established in 2018.

As a global credit investment manager, Viola Credit offers credit solutions to worldwide technology companies, including fintech, proptech, and insurtech organisations that intend to disrupt traditional financial markets.

COBALT successfully represented Viola Credit in this recent transaction structured as a multi-jurisdictional securitisation project. Partner Akvilė Bosaitė and Senior Associate Vytautas Vosylius played pivotal roles providing support in the Lithuanian side of this transaction, including: local law advise in structuring the transaction and security interests, conducting due diligence of important contracts, review of transaction documents and local law aspects, other local law advise relevant to the transaction (financial regulatory, security interests, enforcement etc), issuing a true sale opinion in connection with the securitisation of Lithuanian law governed receivables.