Kody (kody.com), a Platform-as-a-Service modernising commerce for larger businesses with physical locations, closed a £16m Series A financing earlier this year. The financing round involved new institutional investors and existing shareholders, bringing the total funding raised to £24m since its launch two years ago.
The company has grown significantly since then, with annualised processing volume approaching £790m across the platform. Kody is positioned for further expansion as it continues to partner with leading retail and hospitality brands.
With a fully integrated financial infrastructure and software platform, Kody simplifies business operations by integrating into existing systems to help businesses reduce operating costs, increase net profit margin, and gain instant access to cash flow. Businesses can also utilise proprietary spending insights and customer tracking data to significantly improve customer retention and enhance loyalty programs.
Founded with the vision of modernising in-person commerce, the company has generated significant value for leading brands in real time. This Series A financing validates its vision and supports international expansion, with a focus on talent in the United Kingdom, continental Europe, Hong Kong, and Singapore, alongside strategic partnerships to enhance its product offering.
