FinTech, funding, London, Hokodo, Buy Now Pay Later provider, Buy Now Pay Later” checkout experience

Hokodo, a London and Paris-based B2B Buy Now Pay Later provider, has raised $12.5 million (approx £8.8 million) in funding in the Series A round.

Who backed Hokodo?

Mosaic Ventures led the round in participation from Notion Capital, Anthemis, and several prominent angel investors including, Taavet Hinrikus, founder of TransferWise (now Wise), Thijn Lamers, former EVP, Global Sales of Adyen, Max Bittner, CEO of Vestiaire Collective, and founder of Lazada and Rich Laxer, ex-Chairman, and CEO of GE Capital.

How will the funding be used?

The proceeds will be used towards further developing its proprietary digital credit technology and extend its services across Europe, supporting the growth of the $12 trillion (approx £8.5 trillion) B2B commerce space

“Credit terms are a crucial lever to grow sales, especially as the economy unlocks following COVID. But current processes for offering trade credit are not fit for purpose – especially for online sales. With Hokodo, merchants can offer payment terms instantly at the check-out, even on a customer’s first visit; and our merchants are guaranteed to get paid no matter what”, says Richard Thornton, Co-Founder, and Co-CEO.

Real-time trade credit solutions

Founded by Richard Thornton, Louis Carbonnier, and Sami Ben Hatit in 2018, Klarna rival Hokodo provides B2B merchants with real-time trade credit solutions. 

“Hokodo’s Buy Now Pay Later solution is helping the whole supply chain by removing the hassle associated with payment terms. Everyone wins: trade customers can buy now and pay later, while merchants win more business and streamline their order-to-cash cycle. Merchants using Hokodo see an average 40% increase in revenue and achieve unprecedented levels of customer satisfaction”, says Louis Carbonnier, Hokodo’s Co-Founder and Co-CEO.

Through the platform, merchants can offer instant payment terms to their customers through a frictionless B2C-like “Buy Now Pay Later” checkout experience

The solution can be integrated easily via APIs into existing e-commerce platforms and marketplaces.

The company also automates the whole order-to-cash cycle, from credit checks to collections and working capital finance, while protecting merchants against non-payments.


Hokodo employs around 30 people located in London and Paris. Hokodo says it will double its team by the end of 2021, and grow by another 100% in 2022, with key roles in product, tech, data science, and commercial.

“The B2B purchasing experience has long lagged behind its B2C counterpart, and trade customers are calling for more. Hokodo is building a next-generation platform for digital commerce, offering real-time credit to make it easier for businesses to purchase goods and easier for merchants to convert sales and grow. We have seen the enormous impact of “buy now, pay later” technology in the consumer market and, by solving the complexity of real-time trade finance, Hokodo is now bringing it to B2B”, says Toby Coppel, Co-founder, and Partner at Mosaic Ventures. 

Patrick Norris, General Partner at Notion Capital explains: “I like the founders’ combination of skills and experience across credit insurance and risk, plus their thoughtful approach to the extremely complex task of enabling real-time credit for B2B eCommerce. They are also a very close team with a fantastic culture”.

Japan travel news, japan travel guides, japan holiday destinations and japan reviews



Yes Bank to shift base to former Reliance Infra headquarters in Mumbai

Private lender Yes Bank will give up its entire leased space in Indiabulls Finance Centre in central Mumbai and occupy the erstwhile Anil Dhirubhai Ambani Group headquarters at Santacruz as early as next week, bringing down its operational and rental costs substantially. “It will be a lock-stock-barrel move out of…

Read more: Yes Bank to shift base to former Reliance Infra headquarters in Mumbai

Paytm unit seeks RBI exemption from NBFC tag

Paytm Entertainment — a subsidiary of fintech giant Paytm – faces the risk of being classified as a Non-Banking Financial Company (NBFC) after it lent money to a joint venture business that exceeded the central bank’s limits. The online ticket booking services provider has approached the Reserve Bank of India,…

Read more: Paytm unit seeks RBI exemption from NBFC tag

German fintech startup Moonfare plans Singapore foray to ramp up Asia ops

Source: Moonfare German fintech startup Moonfare, which runs an online platform for individual investors to bet their money on a curated portfolio of private markets funds, is planning to open an office in Singapore to ramp up its Asia operations.

Read more: German fintech startup Moonfare plans Singapore foray to ramp up Asia ops

Meet Hydr, women-led fintech from Manchester offers SMEs immediate payment for their invoices

Hydr is a simple invoice financing solution for small businesses. Launched in May 2021, it helps SMEs by improving the cash-flow, and removing some of the risk, for their business. Launched by Nicola Weedall and Hector Macandrew, Hydr (pronounced hi-der) is already helping businesses to focus on their core activities rather than…

Read more: Meet Hydr, women-led fintech from Manchester offers SMEs immediate payment for their invoices

Neobank Niyo acquires personal finance startup Index

Mumbai: Neobanking startup Niyo has acquired Bengaluru-based personal finance startup Index for an undisclosed amount, marking its second acquisition in less than a year. The fintech company had acquired Goalwise, a mutual fund investment platform, in a cash-and-stock deal in late July last year. Niyo plans to integrate Index’s services…

Read more: Neobank Niyo acquires personal finance startup Index

BharatPe marks its first acquisition with Payback India

Mumbai: BharatPe has acquired 100% of Payback India, a multi-brand loyalty programme, from American Express and ICICI Investments Strategic Fund for an undisclosed amount. This is the first ever acquisition by the digital payments app. Launched in 2010, Payback India is a brand loyalty platform that allows customers to earn…

Read more: BharatPe marks its first acquisition with Payback India

Yapily launches bulk payments service with Comma for SMEs in the UK

Yapily, the leading Open Banking infrastructure provider in the UK has now announced the launch of its new Open Banking bulk payments service, with Comma, the London-based SME payments platform, already live and benefiting from the service in the UK. Working in close partnership with Comma, Yapily has simplified the…

Read more: Yapily launches bulk payments service with Comma for SMEs in the UK

Instamojo launches Shopify-like e-commerce platform

Instamojo currently helps small businesses Payments firm Instamojo said on June 8 that it had launched an e-commerce software platform aimed to help small to mid-sized consumer brands set up an online presence, along the lines of Canadian firm Shopify– currently worth $150 billion and among the hottest new age…

Read more: Instamojo launches Shopify-like e-commerce platform

State Bank of India invests in fintech startup Cashfree

Another buy now, pay later player from UK: Klarna rival Divido raises $30M from HSBC and ING

RemitGuru operator Fable Fintech gets funding from Paytm, Infibeam and others

Ex-TransferWise duo launch new investment platform, announce $1.5M funding backed by co-founder of Skype

Fintech lender KreditBee raises Rs 60 crore from SIDBI's India SME

Cushon bags £26M funding, London fintech seeks to bring an institutional approach to individual savings

UK’s Starling Bank to lift ban blocking payments to crypto exchanges

Coinbase cryptocurrency debit card now compatible with Apple and Google Pay: what does it mean?