UK payment tech provider, Dojo, has secured an investment of $190million (~£141million GBP) from global growth investment firm, Vitruvian Partners, in its first equity raise. The funding will support and accelerate Dojo‘s continued UK growth as well as its European expansion.

Since launching in 2021, Dojo has grown rapidly and it now processes between 6-9million transactions per day on its cloud-native platform, which supports SMEs and larger businesses with fast and efficient payments. Dojo’s growth has secured it a leading market share in the UK payments landscape, engaging with 50million unique consumer cards each month.

“In a short space of time, our technology and proven customer proposition has enabled us to become the market leader in the UK,” Francois Callens, Chief Financial Officer at Dojo, said. 

“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 across Europe,” Callens added.

The investment will help Dojo accelerate its strategic expansion plans, enabling it to scale across key European markets, including Ireland, Italy and Spain.

“We’re delighted to be partnering with Dojo at this critical point on its growth journey,” Stephen Byrne, Partner at Vitruvian Partners, said. “The Dojo team have built technology that is disrupting card payments and are well-positioned to benefit from an ongoing, fundamental shift towards embedded and integrated payments.”