Slaughter and May advised Dojo, the UK-based payments technology provider, on its $190 million equity investment from Vitruvian Partners. The transaction marks Dojo’s first equity fundraising.
Dojo delivers cloud-native payments infrastructure tailored to in-person commerce. Since launching in 2021, Dojo has experienced exceptional growth, now processing up to nine million transactions daily. Dojo has secured a significant share of the UK market and engages with tens of millions of consumer payment cards each month.
The proceeds of the investment will enable Dojo to accelerate its growth in the UK and expand across key European markets, including Ireland, Italy and Spain. Vitruvian brings extensive experience in the fintech and payments sectors and will support Dojo’s ambition to strengthen its presence in the European payments landscape.