Dojo, a London-based payments technology provider, has announced a significant investment of approximately £152 million from global investment firm Vitruvian Partners. This marks the first equity raise for the company.
Dojo, established in London, focuses on supporting in-person commerce and aims to expand its footprint in the wider payments sector. Since its launch in 2021, the company has grown to serve a diverse range of businesses, from small enterprises to larger corporations. Its cloud-based platform handles between 6 and 9 million transactions daily, ensuring continuous connectivity for its users. The platform also facilitates the swift installation of payment solutions and the management of card transactions, while providing businesses with real-time insights.
Currently, Dojo supports over 140,000 businesses, managing both in-person and digital payments through its multi-cloud platform. The company also offers services such as business funding and booking management software. Dojo reports engaging with 50 million unique consumer cards each month and claims to hold a significant share of the UK payments market.
The new capital injection will support Dojo’s ongoing business growth in the UK and enable the company to progress its expansion plans across key European markets, including Ireland, Italy, and Spain. This expansion aims to broaden the company’s market reach and deploy its scalable technology to a wider customer base.
Francois Callens, CFO at Dojo, stated: “In a short space of time, our game-changing technology and proven customer proposition have enabled us to become the market leader in the UK. Our ambition doesn’t stop here. Dojo has a large and exciting opportunity ahead, and with the support of Vitruvian, we have the investment to deliver on our plans to scale our growth and enable in-person commerce across Europe.
“The investment is testament to the hard work from our team and the deep support from our partners and customers over the past four years. We are proud to demonstrate that the UK tech sector can attract global investment, and look forward to working with Vitruvian to deliver our shared ambition of bringing our technology to more Enterprises and becoming a leader in card payments in Europe.”
Image source: Dojo
