Payments technology firm Dojo has raised $190 million in equity funding from Vitruvian Partners, marking the company’s first capital raise since its inception in 2021.
The UK-based fintech plans to use the funds to accelerate its domestic growth and expand into key European markets, including Ireland, Italy, and Spain. The investment will help Dojo scale its cloud-native payment platform, which currently processes between six and nine million transactions daily, providing real-time, uninterrupted connectivity for merchants.
Vitruvian Partners, known for its strong track record in fintech investments, will partner closely with Dojo’s leadership team to execute the company’s strategic roadmap. J.P. Morgan Securities acted as the sole placement agent for this funding round.
Commenting on the milestone, Francois Callens, CFO at Dojo, said: “Our cutting-edge technology and strong customer proposition have quickly made us the UK’s market leader. This funding gives us the fuel to expand across Europe and support in-person commerce on a larger scale. We’re proud to show that UK tech remains a magnet for global investors.”
In 2023, Dojo secured an e-money license (EMI) from the Central Bank of Ireland, enabling it to offer regulated payment services in the region.
The announcement underscores Dojo’s ambition to become a leading name in Europe’s competitive card payments sector, driven by innovation and strong customer support.
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News Source: Finance.Yahoo.com
