Hokodo

#Buy Now Pay Later (BNPL)

At Hokodo, we are modernising the way businesses buy from each other by making it easier and safer to sell to business customers! Our “Trade credit as a service” […]

Certified payment providers 2
Market coverage 5
  • France
  • Germany
  • Netherlands
  • Spain
  • United Kingdom.
Currencies 1
  • United Kingdom Pound
Description

At Hokodo, we are modernising the way businesses buy from each other by making it easier and safer to sell to business customers!

Our “Trade credit as a service” technology empowers B2B merchants to offer credit terms to their business customers instantly, even on their first purchase. In turn, customers benefit from additional payment terms through a frictionless checkout experience.

Over 30% of B2B trade takes place on credit terms, with trade credit representing the largest source of business financing in advanced economies. Yet current processes for offering trade credit are outdated and not fit for the digital age. Hokodo’s digital platform solves these issues by offering merchants a powerful set of solutions to manage trade credit and scale with confidence. Merchants that integrate with Hokodo see on average a 40% increase in revenues.

Gone are the days of paper-based trading account applications, manual credit decisions and cumbersome sales journeys. Our easy-to-integrate digital platform streamlines the entire order-to-cash process, allowing merchants to make credit decisions in real-time, be protected against bad debt and get access to working capital finance options. We also protect merchants by insuring against the credit risk with Lloyd’s of London, and arrange the financing with our partners so our sellers can get paid upfront if they choose.

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Frequently Asked Questions

What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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