Hokodo & BNP Paribas launch B2B BNPL for large commerce businesses

By Gloria Methri

FinTech Hokodo has joined forces with French international banking group BNP Paribas to deliver a frictionless Buy Now, Pay Later (BNPL) solution that enables large multinational corporates to provide payment alternatives to their business customers.

The partnership will see Hokodo bring its innovative technology platform to complement BNP Paribas’ broad expertise, financial strength, and reputation.

With the booming rise of B2B digital sales, B2B sellers need a streamlined order-to-cash experience. They want to be paid on time without having to worry about credit or fraud risk while offering their buyers a frictionless purchasing experience. This is proven to positively impact sales, by encouraging repeat business and increasing the average basket.

The new B2B Buy Now, Pay Later solution provides a fully digital experience and can be easily integrated into existing checkout systems via API. It provides instant buyer approval through a real-time credit decision process and a wide acceptance rate due to its highly configurable underwriting models. The full service includes transaction financing, credit, and fraud insurance, collections through an eMandate and dunning, as well as different financing options to better fit the merchants’ needs.

“Historically, B2B e-commerce has been critically underserved, but with our combined strengths, BNP Paribas and Hokodo are going to offer BNPL options to more business buyers than ever,” said Louis Carbonnier, co-founder and co-CEO of Hokodo.

“After decades of successful development of our European factoring franchise, we are thrilled to announce a new generation solution for our customers wishing to increase their B2B digital sales. Together with Hokodo, BNP Paribas brings the best of its cash management and factoring expertise to offer this state-of-the-art Buy Now, Pay Later solution”, said Lionel Joubaud, Global Head of the Factoring filière.