Dojo, the leading UK payments technology provider, today announces it has secured an investment of £140 million from Vitruvian Partners, a leading global growth investment firm. The investment marks the first equity raise in Dojo’s history. The funds enable Dojo to significantly accelerate the company’s continued growth in the UK and expansion across European markets. Dojo’s mission is to reinvent the payments landscape to grow in-person commerce. Its next-generation cloud-native platform offers the flexibility to meet the evolving needs of enterprises. Dojo processes between 6 and 9 million transactions per day, delivering super-fast transactions and "always-on" connectivity to its customers.
Since its launch in 2021 Dojo has grown rapidly, becoming an SME champion, and increasingly winning and supporting larger enterprises thanks to its highly scalable end-to-end platform. It brings a deep commitment to understand and meet the needs of its customers, from small, often family-run businesses, to some of the most recognised high street brands. As a result, Dojo has delivered exceptional growth – securing a leading market share in the UK, and engaging with 50 million unique consumer cards monthly.
The investment will help Dojo build on its strong track record and accelerate its strategic growth plans, enabling it to scale across key European markets, including Ireland, Italy, and Spain. This will create a much larger addressable market for Dojo to leverage its highly scalable technology.
Vitruvian brings strong experience in the fintech and payments sector, with a proven ability to identify and scale disruptive, ambitious businesses such as Dojo. Through the investment, Vitruvian will work in partnership with the management team to support Dojo’s growth ambitions.
