Hokodo provides Buy Now, Pay Later (BNPL) solutions specifically for business-to-business (B2B) transactions. Their service allows businesses to purchase goods and services online while deferring payments, modernizing the traditional trade credit system. Hokodo uses advanced technology to perform instant credit checks and assess fraud risks, enabling quick access to credit for buyers and ensuring sellers receive payments. This approach not only increases sales for sellers but also enhances the purchasing experience for buyers. Unlike many competitors, Hokodo guarantees payments and manages credit complexities, which helps sellers improve cash flow and reduce administrative tasks. The company's goal is to create a seamless digital experience for B2B transactions, similar to the ease of online shopping that consumers enjoy.

Eduardo Ronzano

Anthemis Group

European Innovation Council

European Commission

Rich Laxer

Thijn Lamers

Notion Capital

Mosaic Ventures

Maximilian Bittner

Taavet Hinrikus

Korelya Capital

Opera Tech Ventures

Mundi Ventures

Viola Credit

Fintech

Financial Services

Hokodo

That's according to an investigative report by Hokodo in partnership with the B2B Ecommerce Association.

Majority of finance leaders struggling to keep pace with the speed of e-commerce, investigation reveals

Buy now, pay later (BNPL) solutions vendor Hokodo has secured a €100 million debt facility from Viola Credit, a global credit investment manager headquartered in Tel Aviv, Israel.

B2B BNPL fintech Hokodo lands €100m debt facility from Viola Credit

Hokodo enables B2B buyers located across the UK and EU to defer payment by 30, 60 or 90 days or until the end of the month following purchase.

Viola Credit fuels Hokodo's growth with €100M debt facility

More recently, Hokodo has launched 'Pay in Instalments' and 'Pay Now' features, giving B2B merchants a modular catalogue of payment options from which to choose.

Hokodo has released a report that explores the habits and e-commerce expectations of business buyers.The report found that payment terms are a non-negotiable requirement for more than 8 out of 10 B2B buyers, as a staggering 83% of respondents said that they will abandon an e-commerce purchase if no payment terms are offered at checkout. This shows that merchants and marketplaces that are failing to offer payment terms are missing out on swathes of potential buyers. However, the report identifies three barriers that may prevent B2B merchants and marketplaces from offering trade credit.​​Firstly, offering trade credit online can be a risk as the anonymity and scale of e-commerce means that it can be challenging to determine which buyers can be trusted to stick to their payment terms. Secondly, offering trade credit online can be complex – from credit scoring and fraud detection to payment processing, insurance and collections, offering trade credit comes with a lot of moving parts. Thirdly, trade credit can put pressure on cash flow when merchants are offering it off their own balance sheet.However, it’s essential that B2B merchants and marketplaces find a solution to overcome these challenges in order to retain customers and entice new ones. 86% of buyers surveyed agree that access to payment terms is an important consideration when choosing a vendor or supplier

New Report Finds Payment Terms Are A Non-Negotiable Requirement For 8 Out Of 10 B2B Buyers

Digital payment platform Balance has unveiled a suite of products that span the B2B transaction lifecycle, from order placement to payment settlement. These artificial intelligence (AI)-powered tools encompass net terms assessment and financing, payment cost optimization and accounts receivable (AR) automation, the company said in a Tuesday (Jan. 16) press release emailed to PYMNTS. “While working with brands and marketplaces over the past year, it became clear that the inefficiencies and costs of business payments were impacting their profit margins,” Balance CEO Bar Geron said in the release. “Tackling this problem required going beyond the point of purchase.”

Balance Unveils Suite Of Products Covering B2B Transaction Lifecycle

Payment Expert is changing that by partnering with Hokodo.

Mangopay Derrick Lynagh: Recommerce is emblematic of the thriving circular economy"

In addition to its partnership with Balance, Hokodo collaborated with Fuse to enhance credit decisioning and provide finance options for SMEs.

Hokodo, Balance release research on B2B payment terms

Louis Carbonnier, Co-founder and President at Hokodo, discusses the future of B2B marketplaces and how they can become successful by adding strategic value at checkout.Ensuring that payments are fast, accurate, and secure is fundamental to the success of a B2B marketplace. But managing these payments is easier said than done. The nature of B2B transactions means that large volumes, high values, and long payment terms come as standard. Add payouts in multiple currencies plus international tax and regulatory considerations, and it’s easy to see how bottlenecks occur. To ensure seamless payments, B2B marketplaces need specialised processes and solutions that can handle the complexity of B2B transactions, manage credit and fraud risk, ensure compliance and, ultimately, win the trust of buyers. Sadly, not every marketplace gets it right

B2B Marketplace Payment Flows: Adding Strategic Value At The Checkout

Louis Carbonnier, Co-founder and Co-CEO at Hokodo, shares light on one of the biggest trends in the payments industry in 2023 – B2B BNPL. He discusses how this new type of lending will impact merchants and help them stay on top in a highly competitive business environment.   . With a global total payment volume (TPV) of USD 309.2 billion, Buy Now, Pay Later (BNPL) is going through something of a golden age. The number of BNPL users worldwide is estimated to double to a total of 900 million by 2027, while the size of the global industry is predicted to reach USD 3.7 trillion in 2030. However, recent stock market declines and difficulty for BNPL firms to become profitable are generating questions over the viability of this business model. With the addition of heightened regulatory oversight, you have all the ingredients for a reshuffling in the world of BNPL

Buy Now, Pay Later: The Real Value Is In B2B Payments

Provides B2B Buy Now, Pay Later solutions

Hokodo

Provides B2B Buy Now, Pay Later solutions

Hokodo

Provides B2B Buy Now, Pay Later solutions

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