Hokodo offers a digital accounts receivable management platform that enables B2B merchants and marketplaces to provide instant and flexible payment terms. The platform consolidates payments, collections, credit insurance, fraud management and financing to facilitate instant B2B credit across sales channels. The company says its service drives customer growth by making business-to-business credit available across all sales channels. Fueled by growing buyer demand for omnichannel B2B experiences, Hokodo has recently developed new products and features for sales channels beyond online. On April 23, 2025, Hokodo raised €10M in funding. The company intends to use the proceeds to finance product innovation and increase operational capacity in preparation for a Series C round. Hokodo, established in 2018, provides a digital platform that enables B2B buyers across the UK and EU to defer payment by 30, 60 or 90 days and offers modular Pay in Instalments and Pay Now features. The platform streamlines the order-to-cash process, makes credit decisions in real time, protects merchants against bad debt, and offers working-capital finance options. Merchants that integrate with Hokodo see on average a 40% increase in revenues, and the company has processed payments for more than 50,000 business buyers. Hokodo has forged partnerships with BNP Paribas, Citi and SCOR, acquired a Lithuanian payments company in 2023 and became an EMI, and is expanding operations across Europe and North America. With a new €100 million debt facility from Viola Credit, Hokodo will facilitate more than €1.5 billion of B2B transactions over the next 24 months. The financing will support continued roll-out and expansion of its embedded Pay Later and Pay Now offerings for B2B merchants and marketplaces. Hokodo provides Buy Now, Pay Later solutions to the B2B market, enabling business customers to access instant, interest-free payment terms. The company serves merchants via online channels and is developing BNPL solutions for telesales and in-store purchases. Hokodo is a leader in the UK and is actively expanding into continental Europe. Recent merchant onboarding includes Paris Fashion Shops in France and Katoo in Spain, following earlier launches with Ankorstore in Belgium and the Netherlands. The company plans to use new funding to enter additional European markets and to build out new B2B products and channels. Hokodo is led by Louis Carbonnier and Richard Thornton and is pursuing category leadership in B2B BNPL across continental Europe. Hokodo is a fintech that enables B2B merchants to offer instant, B2C-like "Buy Now Pay Later" payment terms through API integrations. Its platform automates the order-to-cash cycle — from credit checks to collections and working-capital finance — and protects merchants against non-payments. Merchants using Hokodo report an average 40% increase in revenue. The company’s solutions are backed by Lloyd’s of London via the Channel Syndicate, a unit of SCOR SE. Hokodo targets a large Western European B2B market (>$12 trillion total, $680 billion online) and estimates a $15 billion revenue opportunity. The firm was founded in 2018 and operates with a team of over 30 people in London and Paris, with plans to double headcount by end of 2021 and grow another 100% in 2022. Hokodo makes invoice insurance accessible to SMEs by enabling protection of single invoices rather than insuring entire turnover. It uses data science and machine learning to underwrite invoice-level risk and distributes products via APIs embedded in accounting, invoicing and sales platforms. The company has developed HokoScore, a proprietary credit-scoring algorithm to help businesses assess client and supplier creditworthiness. Hokodo launched its technology in the UK in October 2018 and has established partnerships with Centrifuge and CountingUp. A €2.0m Horizon 2020 grant will fund launches of invoice protection and HokoScore in France and Germany within 12 months and will support development of two new trade credit products due by the end of 2019. Financially, the company previously raised €2.1m in seed funding led by Anthemis.

Total raised

$175M

Funding rounds

5

Latest round

Equity

Latest activity

Apr 2025