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What is Hokodo?

Hokodo is a payments solution that enables B2B merchants and marketplaces to offer instant payment terms to their customers at checkout, even on their first purchase.

Hokodo easily integrates into your checkout flow and streamlines the process of offering trade credit, so your customers get a frictionless checkout experience.

Key benefits of Hokodo’s solution:

  • Offer your business customers the opportunity to pay on terms; the most common payment terms are 30, 60 or 90 days.
  • Take instant payment with our Pay Now solution, meaning Hokodo is the only payment provider you need.
  • All transactions are 100% secure. You get paid once the order has been shipped, your customer pays in line with their payment terms, Hokodo protects you against the risk of bad debt.
  • Frictionless checkout experience unlocking superior conversion rates, your customers know instantly whether they’re eligible to payment terms.
  • On average, engineering teams need fewer than 20 hours to successfully integrate our API.

What sets us apart?​

Robust: We have built our own banking rails. We’ve been granted an Electronic Money Institution licence passported across the whole European Union and so can offer our services independently, compliantly and safely.

Flexible: Our solution is modular. It consists of several building blocks: Pay Now, Pay Later, Credit scoring; Collections; Non-payment Protection; Fraud Protection; Financing to name a few. The blocks can be switched on or off to suit your use case. Furthermore, if you want to extend more credit to Buyers than our limit, you can do so (see Merchant Limits).

Comprehensive: If your customers make one-off purchases through your platform, they can choose their preferred payment plans on the go. On the other hand, if they’re regular customers, you can set them up with a Billing Account.

What does the customer see?​

Hokodo is typically presented as a payment option at the checkout - "Buy Now, Pay Later with Hokodo".

For an overview of a typical Hokodo workflow from the customers' perspective, see Checkout Journey.

Countries of operation​

As of today, we operate in these countries:

🇬🇧 United Kingdom
🇫🇷 France
🇩🇪 Germany
🇧🇪 Belgium
🇳🇱 Netherlands
🇪🇸 Spain
🇮🇹 Italy

We are also able to provide coverage of your customers in other geographies on an ad-hoc basis, although credit decisioning is not instant. We also have an exciting partnership with Balance to cover your US business.

Note

Hokodo is for B2B merchants. Hokodo does not cover B2C transactions, although we do finance sales to self-employed businesses (i.e. sole traders).