Hokodo

Hokodo was a European B2B trade credit and Buy Now Pay Later platform designed to help merchants offer flexible payment terms to business customers. The platform enabled instant credit decisions, trade accounts, instalment plans, and deferred payment options across ecommerce, marketplace, and offline sales channels. Its core value proposition was allowing merchants to receive payment upfront while Hokodo managed credit risk, collections, and financing. The solution stood out by combining payment terms, fraud management, credit protection, financing, and collections into a unified embedded finance platform. Businesses could integrate Hokodo into websites, marketplaces, sales teams, and phone-order workflows to improve conversion rates and customer loyalty. Before ceasing operations in 2026, Hokodo financed over €500 million in invoices and supported more than 100,000 business buyers across Europe. The platform was particularly valuable for wholesalers, distributors, manufacturers, and B2B marketplaces seeking to modernize traditional trade credit processes. Despite strong market adoption and significant funding, the company ultimately closed after acknowledging strategic scaling challenges and product complexity. Nevertheless, Hokodo played an important role in advancing digital trade credit across European B2B commerce