Fintech Hokodo and French banking group BNP Paribas have partnered up to launch a new B2B buy now, pay later (BNPL) solution built for large commerce businesses.
Hokodo says that through its real-time credit decision process and “highly configurable” underwriting models, the solution can offer instant buyer approval and streamline the order-to-cash experience.
Components of the full service include proprietary credit decisioning, transaction financing, credit and fraud insurance, collections, and different financing options available as per merchants’ needs.
Hokodo provides business-to-business (B2B) merchants with real-time trade credit solutions. It currently works with over 20 merchants and 15,000 buyers across the UK, France, Spain, Germany, Belgium and The Netherlands.