back Back

B2B BNPL provider Hokodo obtains European Payments License

By Gloria Methri

June 09, 2023

  • B2B BNPL
  • B2B Payments
  • Europe
Share

Hokodo, Europe, Lithuania, B2B BNPL, Payments, FinTechB2B payments provider Hokodo has acquired a European payments license, making it the first Buy Now, Pay Later (BNPL) provider with such a license in Lithuania. The firm can now offer a broader suite of payment solutions, providing benefits to both suppliers and buyers.

Merchants, marketplaces, and other suppliers can now partner with Hokodo to offer their customers a complete payment solution that includes pay now and pay later options.

This eliminates the need for suppliers to integrate with several solution providers and empowers them to compete on an even playing field with more established players. Meanwhile, buyers benefit from a consistent user experience that enables them to pay how they want to. Ultimately, this acquisition further enables Hokodo to reach its goal of helping one million businesses access a better way to pay in the next two years.

As part of the acquisition, Hokodo is opening a third office in Lithuania to complement its existing locations in Paris and London. The company plans to grow the team in the country substantially over the coming months.

“We have been pleased to find that the Lithuanian candidate market is rich with talented individuals with the skills to operate a payment institution,” said Chris Yea, Head of Talent at Hokodo. “We’ve already made our first hires in Lithuania, with more roles to go live imminently. Our plans are to hire around 30 individuals for the Lithuanian team over the next 3 years.”

“This is a landmark moment, not just for Hokodo, but for B2B merchants and their customers across Europe,” explained Richard Thornton, Co-Founder and Co-CEO at Hokodo. “As a regulated EMI, our merchant and marketplace partners can have even greater confidence in our ability to manage and protect their funds prudently.”

“Since launching our business in France and the UK back in 2018, we have always had the largest European footprint among B2B BNPL providers,” added Louis Carbonnier, Richard’s fellow Co-Founder and Co-CEO. “It is compelling that we’re now able to help B2B suppliers across the whole of Europe provide their customers with the credit and payment options they deserve.”

Previous Article

June 09, 2023

Abu Dhabi National Takaful Co. PSC teams up with Al Maryah Community Bank

Read More
Next Article

June 09, 2023

Lunar opens up infrastructure to enable instant payments in the Nordics

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

October 11, 2024

UPI Transactions Jump 52% Fuelling India’s Digital Payment Boom

Read More

October 11, 2024

ClearBank onboards first clients to T2 European payments system

Read More

October 11, 2024

Experience UK & Privalgo partner on currency exchange solutions

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q3 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More