20. Hokodo

Company: Hokodo

Founders: Louis Carbonnier, Sami Ben Hatit and Richard Thornton

Website: https://www.hokodo.co/

About Hokodo


Hokodo is a provider of flexible payment terms for European merchants and marketplaces. Bringing all the elements of trade credit management onto one platform, Hokodo enables buyers to access payment terms even on their first purchase, while merchants get paid upfront and in full, and remain 100% protected from risk.

60% of B2B trade takes place on payment terms, so the ability to offer credit is a game changer for buyers and sellers alike. With an EMI payments licence and regional offices in Paris, London and Vilnius, sellers benefit from a solution tailored to regional payment preferences. In addition, Hokodo is driven by rich data and backed by Lloyd’s of London to ensure payments and ensure peace of mind.

The company was founded by Louis Carbonnier, Sami Ben Hatit and Richard Thornton whose extensive corporate and fintech experience led to the realisation that current credit insurance provisions were somewhat lacking. Invoice protection was only available to large corporations with sophisticated finance departments and remained well out of reach for SMEs which were in most need of protection against bad debt. What’s more, trade credit insurance was struggling to keep pace with the world of e-commerce. Recognising an evident gap in the market for flexible payment terms, Hokodo was born.

Determined to power the B2B digital economy, Hokodo is on a mission to enable 1 million businesses to access a better way to pay by 2025 – and it’s well on its way. Today, 30+ merchants and marketplaces including Ankorstore, Monin and Maison & Objet currently offer payment terms to their customers using Hokodo, which over 58,000 businesses have taken advantage of. Hokodo strives to see a world in which every company has access to the financial tools they need to buy, sell and do more.

Hokodo initially raised €1.9M in seed funding in 2018. This was followed by $12.5 million Series A funding in 2021. It has since secured Series B funding of $40 million in 2022, with a further top up investment from Citi in April 2023.

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