back Back

Hokodo & Mangopay to provide payment offering for B2B platforms

By Gloria Methri

May 23, 2023

  • B2B marketplaces
  • B2B Payment Solutions
  • B2B Payments
Share

Mangopay, Hokodo, Europe, Digital Trade Credit, B2B Payments, B2B marketplaces, Payment Infrastructure Provider, FinTechHokodo, one of Europe’s leading providers of digital trade credit, and Mangopay, a platform-specific payment infrastructure provider have entered a strategic partnership that makes Hokodo’s solutions available to Mangopay B2B platforms. This cooperation will allow B2B marketplaces to foster growth and scale their payment capability. 

With up to 80% of B2B transactions expected to take place online by 2025, seamless online payment experiences are a priority for B2B buyers. As the B2B marketplace industry continues to grow, the payment experience remains a key differentiator for such players.

Enhancing Mangopay’s payment infrastructure capabilities with Hokodo is seen as a meaningful step to help B2B players drive global growth for marketplaces. With their combined solutions and expertise, the two companies deliver a comprehensive payment offering and optimised payment flows for B2B marketplaces. From the granting of credit terms and payment collection through the disbursement of funds to sellers and marketplace operators’ commissions, funds flow smoothly thanks to the partnership.

The success of a given marketplace relies partly on providing buyers and sellers with a payment experience that they cannot replicate off-platform. Business buyers expect payment terms, while suppliers want to get paid upfront,” explained Raphael Caruso, Director of Strategic Projects & Partnerships at Hokodo. “Marketplace operators themselves also need access to their funds as soon as possible to avoid working capital issues. Together, Mangopay and Hokodo’s complementary solutions satisfy the demands of each party.

Businesses need to move quickly to keep up with changing consumer preferences to help drive increased conversion,” said Luke Trayfoot, Chief Revenue Officer at Mangopay. For five years, Hokodo has been a powerful solution for businesses to reach new customers and drive growth. Mangopay users can now get started accepting payments with Hokodo in mere minutes and providing better payment user experience which ensures higher conversion.

Previous Article

May 23, 2023

Finastra taps Priority Software to enable embedded Bacs payments

Read More
Next Article

May 23, 2023

Tyme raises $77.8m to boost global expansion

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

B2B marketplaces

SMEs leverage cloud to gain competitive edge, study shows

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

July 23, 2024

4 BNPL platforms providing financial freedom to consumers in MENA

Read More

July 23, 2024

Paytm & Axis Bank to offer POS solutions to merchants

Read More

July 23, 2024

Klarna integrates Sofort payment service with Klarna Payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 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

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024