Hokodo is a pan-European fintech startup whose mission is to bring B2B commerce into the 21st century.
Hokodo’s “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 Yet current processes for offering trade credit are outdated and not fit for the digital age.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.
Hokodo supports B2B merchants with a range of credit management solutions, including credit information, working capital finance, insurance against late payments and collections services. Hokodo’s digital platform combines instant credit assessments and automated limits management, all served up by API. Hokodo protects merchants by insuring the credit risk with Lloyd’s of London and arranges the financing so that merchants get paid upfront if they choose.
Hokodo’s products, underwritten and distributed using Hokodo’s technology, are backed by the Channel Syndicate, a unit of SCOR Global P&C. In the UK, Hokodo is a Lloyd’s coverholder, authorised by the Financial Conduct Authority as an Appointed Representative of Innovative Risk Ltd. In France, Hokodo SAS is registered as an insurance intermediary number 19001909 by ORIAS.