Milbank LLP has advised Vitruvian Partners on its primary investment in leading UK payments technology provider, Dojo.
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 six to nine 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 recognized 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 Milbank team was led by partners Jordan Simpson and James McClymont, alongside associate Emily Gidda, with support from trainees Yumi Noguchi and Suzy Azim (all Corporate/Private Equity).
Specialist advice was provided by partners Ajal Notowicz (Antitrust and FDI) and Tom Canning (Litigation), plus associates Gary Chu (Financial Regulatory), Ben King (Litigation) and Liam Markham (Tax).
