Payments just got a big boost. Dojo, a company that helps businesses take payments, got a $190 million investment from Vitruvian Partners. This is the first time Dojo has taken outside money. The cash will help Dojo grow faster in the UK and expand into other European markets like Spain.
Dojo’s goal is to make payments easier for businesses. Its platform is flexible and can handle a lot of transactions – between 6 and 9 million per day. This means businesses can get paid quickly and stay connected to their customers.
Since launching in 2021, Dojo has grown fast. It started with small businesses but now works with bigger companies too. Dojo understands its customers’ needs, from family-owned shops to big brands in hospitality and retail. As a result, Dojo has become a leader in the UK, processing payments for 50 million unique cards per month.
The investment will help Dojo build on its success and grow even more. It plans to expand into key European markets like Spain, Ireland, and Italy. This will give Dojo access to a bigger market and let it use its scalable technology to its full potential.
Vitruvian Partners has experience in the fintech and payments sector. It knows how to spot and grow disruptive businesses like Dojo. With this investment, Vitruvian will work with Dojo’s management team to support its growth ambitions.
Francois Callens, Dojo’s financial director, said: “Our revolutionary technology and proven value proposition have made us market leaders in the UK. But we’re not stopping there. Dojo has a huge opportunity ahead, and with Vitruvian’s support, we have the investment we need to scale our growth and drive physical commerce across Europe.”
He added: “This investment recognizes the hard work of our team and the support of our partners and customers over the past four years. We’re proud to show that the UK tech sector can attract international investment, and we look forward to working with Vitruvian to make our shared ambition a reality: taking our technology to more businesses and becoming a leader in card payments in Europe.”
Javier Jover, Dojo’s general manager in Spain, said: “This investment marks a turning point for Dojo and reinforces our ambition to become a key player in the European market. In Spain, where we launched just a year ago, we’ve seen an extraordinary response from local businesses, especially in sectors like hospitality, retail, and tourism. The funds announced today will allow us to accelerate our roadmap in the country, invest in talent, and continue to support more businesses in their digital transformation, with technology that puts the customer experience at the center.”
Stephen Byrne, a partner at Vitruvian Partners, said: “We’re delighted to partner with Dojo at this key stage of its growth journey. The Dojo team has developed next-generation technology that’s transforming the card payments sector, and we believe it’s well-positioned to capitalize on the structural shift towards integrated and embedded payment solutions. Our investment in Dojo adds to our strong experience in the sector and reinforces our commitment to providing capital and support to accelerate its expansion.”
Since entering the Spanish market in May 2024, Dojo has expanded its presence with offices in Madrid and Barcelona. The investment will help Dojo accelerate its growth in Spain and reinforce its presence in a key market for its international expansion.