Hokodo
B2B Buy Now Pay Later for e-commerce
Company mission
Hokodo's mission is to revolutionise B2B commerce by making B2B trade easier and safer.
Employees
21-100
HQ Location
London, UK
OTTA INSIGHTS
115% employee growth in 12 months
Otta's take on Hokodo
Xav Kearney
CTO of Otta
In 2020, only 28 per cent of B2B buyers frequently used e-commerce but now it’s the dominant purchasing channel for over 50 per cent of B2B buyers. This has significantly accelerated the need for remote purchasing in a safe digital environment, which is the aim of Hokodo’s B2B Buy Now, Pay Later (BNPL) solution.
Hokodo is comparable to Klarna and Clearpay, but designed specifically for B2B trade. Its ‘trade credit as a service’ technology empowers B2B merchants to offer credit terms to their business customers instantly, even on their first purchase. In turn, customers benefit from additional payment terms through a frictionless checkout experience.
The company is working to expand the business and reach more customers, to reach a goal of enabling 1 million businesses to access a better way to pay by 2025. Its latest injection of funds is set to support Hokodo's geographic growth.
Total funding - $58.4m
Last 2 fundraises
May 2021
$11.3m
SERIES A
Jun 2022
$40.6m
SERIES B
This company has top investors
Company benefits
- Share options
- Personal Development allowance
- Cycle to Work Scheme
- 2 Offsites per year - usually abroad
- Regular team lunches, experiences, evening events
- Work from home opportunities
- Health insurance
- Company merchandise
- L&D budget
- Pension contribution
- 22 days holiday (excl. bank holidays)
🌍 Company-wide benefits
🇬🇧 UK benefits
Company values
- Own the Outcome 🏅
- Never be Satisfied 💡
- No Passion. No Point 💝
- Be Genuine 💎
- Trust. Build Trust 🤝
Articles
Founders
Richard Thornton
(Co-CEO & Director of Operations)Studied Maths at Oxford University. Was an Economist and then 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
(Co-CEO & Commercial Director)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.