BNPL: Fintech Hokodo, BNP Paribas to Launch a Buy Now, Pay Later Solution

Fintech firm Hokodo joins forces with French international banking group BNP Paribas in order to deliver a frictionless B2B Buy Now, Pay Later (BNPL) solution that “enables large multinational corporates to provide payment alternatives to their business customers.”

Together, BNP Paribas and Hokodo will “offer the most complete B2B payments solution available on the market.”

As a rapidly scaling fintech, Hokodo says it “brings agility and an innovative technology platform to the partnership, which is complemented by BNP Paribas’ broad expertise, financial strength, and unrivalled reputation.”

With the booming rise of B2B digital sales, B2B sellers are “in need of a streamlined order-to-cash experience.”

They want to be “paid on time without having to worry about credit or fraud risk, while offering their buyers a frictionless purchasing experience and advantageous credit terms through any channel.”

This is proven “to positively impact sales, by encouraging repeat business and increasing the average basket.”

The Fintech firm’s B2B Buy Now, Pay Later solution “offers a fully digital experience and can be easily integrated into existing checkout systems via API.”

It provides instant buyer approval “through a real-time credit decision process and a wide acceptance rate thanks to our highly configurable underwriting models, adaptable to the activity and client typology of the B2B seller.”

The full service “includes proprietary credit decisioning, transaction financing, credit and fraud insurance, collections through an eMandate and dunning, as well as different financing options available to better fit merchants’ needs.”

Louis Carbonnier, co-founder and co-CEO of Hokodo, said:

“Historically, B2B e-commerce has been critically underserved, but with our combined strengths, BNP Paribas and Hokodo are going to offer BNPL options to more business buyers than ever. After decades of successful development of our European factoring franchise, we are thrilled to announce a new generation solution for our customers wishing to increase their B2B digital sales. Together with Hokodo, BNP Paribas brings the best of its cash management and factoring expertise to offer this state-of-the-art Buy Now, Pay Later solution”, said Lionel Joubaud, Global Head of the Factoring filière.”

Based in London and Paris, Hokodo is “a European market leader in the emerging B2B BNPL space.”

It was “founded in 2018 by co-CEOs Richard Thornton and Louis Carbonnier and CTO Sami Ben Hatit as a BNPL platform operating in the B2B space.”

Hokodo launched “its B2B BNPL solution in the UK in 2019, and now works with over 20 merchants and 15.000 buyers across the UK, France, Spain, Germany, Belgium and The Netherlands.”

Hokodo’s mission is “to power the B2B economy, making it fair and accessible for buyers and sellers alike. Hokodo believe B2B commerce has been held back by inadequate payment methods for too long.”

That’s why they are “changing the way B2B payments are designed and delivered, by enabling merchants to offer credit terms to businesses of all sizes, in real time.”

Hokodo offer a seamless Buy-Now-Pay-Later solution, “in a way that’s simple, safe and supported; driven by rich data and backed by Lloyd’s of London to insure payment and ensure peace of mind.”


Register Now to Attend
Sponsored Links by DQ Promote

 

 

Send this to a friend