We advised B2B payment service provider Hokodo on raising EUR 100 million financing in the form of a multi-jurisdictional securitisation transaction. The financing was provided by Viola Credit, a global alternative credit asset manager.

With this new financing, Hokodo will facilitate more than 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 offerings for B2B merchants and marketplaces.

‍ “With this new credit facility, and by partnering with a reputable global credit fund, we’re able to continue our work supporting the B2B economy, making payment terms safer, simpler and more sustainable for buyers and sellers of all shapes and sizes,” said Aman Mehra, VP of Finance at Hokodo.

Our services and project team

We advised the client on all Lithuanian-law-governed legal matters related to the transaction. Our team consisted of partner Augustas Klezys, counsels Lina Aleknaitė-van der Molen, Stasys Drazdauskas and Vitalija Impolevičienė, senior associate Jurgita Tekorienė, associates Andrius Pilitauskas and Raminta Matulytė.