Through a partnership with the fintech company Hokodo, BNP Paribas is moving into the B2B buy now, pay later market.
The BNPL app was made specifically for large multinationals. It works with existing checkout systems and gives instant buyer approval through a credit decision process that happens in real time.
The full service includes proprietary credit decisioning, transaction financing, credit and fraud insurance, collections through an eMandate and dunning, and different financing options to better fit merchants’ needs.
The global head of factoring at BNP Paribas, Lionel Joubaud, says:
“After decades of successful development of our European factoring franchise, we are thrilled to announce a new generation solution for our customers wishing to increase their B2B digital sales. Together with Hokodo, BNP Paribas brings the best of its cash management and factoring expertise to offer this state-of-the-art buy now, pay later solution.”
