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Hokodo
B2B Buy Now, Pay Later for eCommerce
- 101-200 employees
- Fintech
- B2B
- Insurance
- Payments
- Lending
- SaaS
- eCommerce
- City of London, London, UK
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Company mission
To enable 1 million businesses to access a better way to pay by 2025.
115% employee growth in 12 months
Our take
In 2020, only 28% of B2B buyers frequently used eCommerce, but it now dominates for over 50%. This shift has accelerated the need for secure remote purchasing, which Hokodo's B2B Buy Now, Pay Later (BNPL) solution addresses.
Hokodo, tailored for B2B trade and comparable to Klarna, offers 'trade credit as a service', allowing merchants to provide instant credit terms. The company has expanded its offerings to include 'Pay in Instalments: and "Pay Now' options, enhancing checkout experiences and addressing cash flow challenges, giving businesses a competitive edge.
Hokodo aims to help 1M businesses access better payment options by 2025. Recent funding will support the expansion of its Pay Later and Pay Now offerings, drive geographic growth, and strengthen partnerships with major institutions.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Share options
- Individual learning and development budget
- Health insurance
- Mental health support via Spill
- Enhanced parental leave in the UK
- Bi-annual offsites and other social events
Company values
- Own the outcome: We all have the power to make our company better. We think like entrepreneurs, we envision the possibilities, we anticipate challenges and embrace what could be. We think big and strive for excellence, it’s the results that matter
- Trust and build trust: The faith we have in each other is critical to team success. We’re low ego and see everyone in the team as an equal. Trusting each other to make the best decisions and putting the interests of the collective and the company as a whole above individual ambitions
- Never be satisfied: There is no time to be complacent. We believe that things can always be improved, and our ambition and hunger drives us to constantly learn more and do more. We continuously look to bring out the best in ourselves and each other. Failure is not something to be feared as long as we fail fast and learn from our mistakes
- No passion, no point: We are passionate about our work because we care about making a difference. Our work is serious, but we don’t take ourselves too seriously. We have fun whilst getting the job done. What’s the point in working on something if you don’t enjoy it? If there’s no passion, there’s no point
- Be genuine (no BS): We don’t do things for appearance’s sake. We recognise that being open and honest with our team and customers is vital to our success. We’re independent thinkers, guided by our principles and always believe in doing the right thing - there are no hidden agendas at Hokodo
Funding (last 2 of 5 rounds)
Jun 2022
$39.8m
SERIES B
May 2021
$11.1m
SERIES A
Total funding: $57.2m
This company has top investors
Leadership
Richard Thornton
(CEO)Studied Maths at Oxford University. Was an Economist and then an Analyst at the Bank of England for over 6 years. Worked at Oliver Wyman for over 14 years as a Consultant before becoming a Partner. Various roles including Group Head Strategy at Aspen Insurance Holdings. Advisory Board Member at CyberCube.
Sami Ben Hatit
(CTO)R&D Engineer for Horiba Jobin-Yvon. Software Engineer for over 7 years at Hyperpanel Lab SA. CTO of Euler Hermes Digital Agency.
Louis Carbonnier
(President)Principal at Oliver Wyman for over 8 years. Worked at Euler Hermes for 4 years, first as Head of Group CEO Office, then as Head of Digital Agency.