Uk-based Hokodo has joined up with French international banking group BNP Paribas to provide a Buy Now, Pay Later option for large multinationals.
The fintech said in a statement, its B2B solution will offer a fully digital experience that can easily be integrated into existing checkout systems via API. The full service, which is aimed at large corporates, includes proprietary credit decisioning, transaction financing, credit and fraud insurance, as well as collections through an eMandate and dunning. There are a variety of other financing options to fit merchants’ needs, Hokodo said.
“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 currently works with over 20 merchants across Europe. It was founded in 2018 by co-CEOs Richard Thornton and Louis Carbonnier and CTO Sami Ben Hatit.
The deal with BNP Paribas is part of its European expansion plans which recently saw the firm secure over Є37.8 million in a Series B funding round led by Notion Capital. Additional investment cam from Korelya Capital, Mundi Ventures, Opera Tech Ventures, Anthemis and Mosaic Ventures.
