Hokodo, a London-based specialty finance firm and lendtech that offers invoice insurance and B2B BNPL solutions for small and medium-sized businesses, has raised £42 million in Series B. The round was led by Citi Ventures, the venture capital arm of Citigroup, and also included participation from existing investors Mundi Ventures and Anthemis Group. Hokodo’s platform uses data analytics and machine learning to help businesses manage their cash flow and mitigate the risk of non-payment on invoices.

Hokodo Tops Up Series B Funding with Strategic Investment from Citi