BNP Paribas and Hokodo team up to launch new B2B BNPL offering
UK-based fintech Hokodo and French banking group BNP Paribas have partnered up to launch a new B2B buy now, pay later (BNPL) solution built for large commerce businesses.
Hokodo and BNP Paribas partner for new B2B BNPL solution
The new offering, which can be integrated into existing checkouts via an API, will enable multinational corporates to provide payment alternatives such as BNPL to their business customers.
Hokodo says that through its real-time credit decision process and “highly configurable” underwriting models, the solution can offer instant buyer approval and streamline the order-to-cash experience.
Components of the full service include proprietary credit decisioning, transaction financing, credit and fraud insurance, collections, and different financing options available as per merchants’ needs.
Founded in 2018 by Richard Thornton, Louis Carbonnier and Sami Ben Hatit, Hokodo provides business-to-business (B2B) merchants with real-time trade credit solutions. It currently works with over 20 merchants and 15,000 buyers across the UK, France, Spain, Germany, Belgium and The Netherlands.
The company secured $40 million in a Series B funding round led by existing investor Notion Capital in June last year.
