B2B buy now, pay later (BNPL) app Hokodo has secured €10 million in new equity funding, with the round co-led by Korelya Capital and Opera Tech Ventures, the corporate venture arm of BNP Paribas. This latest injection will support Hokodo’s rollout of a new in-store BNPL solution for offline and omnichannel merchants, beginning with French professional supplies retailer RÉTIF and expanding further in the coming weeks.
Hokodo, which secured a major partnership with BNP Paribas in 2023 to integrate its BNPL service into the bank’s factoring operations, is now extending its reach beyond online transactions. “Despite a significant shift to e-commerce in B2B, many industries are still driven by personal relationships and traditional sales processes,” said Richard Thornton, co-founder and president of Hokodo. “Offline transactions can benefit just as much from digital trade credit.”
Hokodo’s app integrates seamlessly with checkout systems, offering instant buyer approval through real-time credit decisioning. Its full-service model includes proprietary credit scoring, transaction financing, credit and fraud insurance, collections via eMandates, and tailored financing options to fit merchant needs.
Vincent Baillin, co-head at Opera Tech Ventures, highlighted BNP’s growing confidence in the platform: “By co-leading this round we are showing just how much we believe in Hokodo’s potential to revolutionize the B2B payments space with digital trade credit.”
As Hokodo onboards an increasing number of major B2B merchants and marketplaces across Europe, Thornton emphasizes the company’s mission: “Our ultimate goal is to provide all B2B businesses with a way to pay that is safer, simpler and better supported. This equity raise takes us one step closer to making that a reality.”