3 years ago

Hokodo Secures €37.8 Million to Expand B2B BNPL Offering Across Europe

  • Hokodo, a London-based fintech startup, has raised €37.8 million in Series B funding to fuel its growth as a European leader in the B2B BNPL space

  • The funding was led by Notion Capital, with participation from Korelya Capital, Mundi Ventures, Opera Tech Ventures, Anthemis, and Mosaic Ventures

  • Hokodo's BNPL solution enables businesses to benefit from instant, interest-free payment terms, and the company is focused on expanding its reach across continental Europe

  • The funding will be used to develop new BNPL solutions for telesales and in-store purchases, as well as to venture into new verticals currently underserved by payments companies.

      • ProblemFinancial Services

      "Businesses in Europe are struggling to offer their customers flexible payment options, leading to lower conversion rates and missed sales opportunities. Traditional B2B payment methods are often slow, cumbersome, and require extensive credit checks, making it difficult for businesses to provide a seamless purchasing experience."

      Solution

      "Hokodo provides a B2B Buy Now, Pay Later (BNPL) solution that enables businesses to offer their customers instant, interest-free payment terms. The platform streamlines the credit scoring, fraud detection, payments, collections, financing, and credit insurance processes, allowing businesses to accept more buyers at a faster rate and improve their conversion rates. Hokodo's solution is tailored to the specific needs of B2B merchants, providing a more efficient and user-friendly payment experience for both businesses and their customers."

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