Nivoda secures $60m financing to expand trade credit for jewellers

Online marketplace Nivoda has secured a $60m (£44.65m) financing facility from investment firm i80 Group to provide trade credit to jewellers worldwide.

The London and New York-based company, which connects more than 10,000 retailers with global diamond and gemstone suppliers, said the facility will help address a working capital gap left by banks reducing exposure to the diamond trade.

Jewellers have faced liquidity challenges over the past decade as lenders exited the sector. At the same time, rising demand for personalised and bespoke jewellery has increased the need for smaller retailers to access wider supplier networks without upfront cash constraints.

Nivoda said it will use the new funding to expand flexible credit options across the jewellery sector, including 30, 60 and 90-day payment terms. The company added that this would help retailers manage inventory costs and seasonality while supporting the lead times needed for bespoke orders.

David Sutton, chief executive and founder of Nivoda, said: “While traditional lenders have reduced their exposure to the diamond trade, this financing agreement allows us to work with an institutional lender in i80 who has taken a more dynamic approach, aligning financing with real trading flows and buyer engagement.”

Founded in 2017, Nivoda has reported triple-digit year-on-year growth and now lists more than 2.5m diamonds and coloured gemstones on its platform. Its services include stone reservations, returns, jewellery manufacturing and certification, as well as logistics and order tracking.

Edward Goldstein, managing director at i80 Group, added: “By connecting retailers and suppliers on a truly global scale, Nivoda has redefined how the diamond and gemstone trade operates. We’re proud to provide financing that reflects marketplace realities.”

Nivoda employs staff across 25 countries, with offices in cities including Amsterdam, Antwerp, Cape Town, Dubai, Bangkok, Mumbai and Hong Kong.