Hokodo provides buy now, pay later solutions specifically designed for B2B e-commerce, offering flexible payment terms such as 30, 60, or 90 days and installment options. This service enhances the checkout experience for B2B buyers, increasing conversion rates and average order values while ensuring merchants receive full payment upfront.
Funding
$170.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
VCFounders
Product
Problem
B2B e-commerce businesses often struggle to offer flexible payment terms to their customers, which can lead to lost sales and reduced customer satisfaction. Manually managing trade credit and payment terms is complex, time-consuming, and exposes merchants to credit and fraud risks. Many B2B buyers now expect the same flexible payment options they find in B2C e-commerce.
Solution
Hokodo provides a suite of B2B buy now, pay later (BNPL) and trade credit solutions designed to integrate directly into e-commerce platforms and in-store sales channels. Hokodo enables merchants to offer instant credit decisions and flexible payment terms, including 30, 60, or 90-day options and installment plans. The platform automates the credit assessment process and shields merchants from credit and fraud risks by guaranteeing upfront payment upon order delivery. By offering a seamless BNPL experience, Hokodo helps businesses increase conversion rates, boost average order values, and foster customer loyalty.
Target Audience
Hokodo targets B2B e-commerce businesses, marketplaces, and merchants across various industries, including food and beverage, agriculture, industrial supplies, construction, and freight and logistics, seeking to offer flexible payment options to their customers.
Features
- Instant credit decisions at the point of purchase
- Flexible payment terms, including 30, 60, and 90-day options, as well as installment payments
- Integration options for e-commerce platforms via API and hosted checkout
- Risk protection against credit and fraud, ensuring merchants receive full payment upfront
- Trade account management with consolidated invoicing
- Multi-channel support for online, in-store, and phone sales
- Automated credit assessment and onboarding
- Merchant dashboard for managing transactions and customer accounts