Dojo, a UK-based payments technology company, has announced a $190 million investment from Vitruvian Partners. This marks Dojo’s first equity funding round and is set to accelerate its growth in the UK while supporting its expansion into European markets such as Ireland, Italy, and Spain. The funding will allow Dojo to scale its technology and services, which currently handle 6 to 9 million transactions daily and serve over 140,000 businesses. Dojo aims to broaden its customer base and strengthen its position in in-person commerce through its flexible, cloud-based platform.
Francois Callens, Chief Financial Officer at Dojo, highlighted that the company has quickly gained a strong presence in the UK payments sector, engaging with 50 million unique consumer cards each month. The company serves a wide range of clients, from small businesses to large enterprises, with a focus on high-speed and reliable payment solutions. Stephen Byrne, Partner at Vitruvian Partners, highlighted, “We’re delighted to be partnering with Dojo at this critical point on their growth journey. Vitruvian’s investment in Dojo builds on our track record in the payments sector and we look forward to providing capital and support to accelerate Dojo’s growth.” Both companies see the collaboration as a way to meet increasing demand for embedded and integrated payments across Europe, with an eye toward long-term growth and wider market access.
