Are you an SME looking for a B2B Buy Now, Pay Later (BNPL) payment terms solution for business deals? Have you thought about using Hokodo? Have you thought about Hokodo alternatives? Have you considered TermsTech as a Hokodo alternative?
Hokodo and TermsTech both offer flexible B2B payment solutions for SMEs. TermsTech is based in Belgium with coverage in all of the EEA. Hokodo is originally based out of the UK with operations across mainland Europe, too, especially in France.
Both solutions share similarities in purpose and delivery. They both set out to provide small and medium-sized businesses (SMEs) trade finance opportunities that fill working capital their needs. They intend to increase cash flow, drive business growth, and smooth out B2B transactions.
Let’s look at some highlights from both Hokodo and TermsTech.
Benefits of Hokodo
Hokodo, as a B2B payment solutions provider, specialises in instant trade credit and a factoring-style “BNPL” solution for businesses. Its features include:
Flexible payment options
Hokodo offers multiple ways for buyers to pay, including 30, 60, or 90-day deferred payments, Trade Accounts (consolidated invoices), and Instalment Payments.
Omnichannel support
Hokodo provides solutions for all sales channels, enabling the offering of instant, flexible credit online, in-store, and over the phone.
Drives key metrics
Their solutions are shown to drive success, with an increase of up to 4% in conversion rate, 3% in average order value, and 2% more purchases per month.
Instant credit decisions
Hokodo makes an immediate credit decision for B2B buyers at the point of purchase, streamlining the checkout experience.
Tailored and modular solutions
The solutions Hokodo offers vary: modular, configured to specific requirements; and, feature customisable toolkits to handle any B2B vertical.
Easy integration and onboarding
Hokodo offers guided onboarding support ensures a rapid time-to-impact and a frictionless experience for the buyer.
Focus on business growth
Hokodo’s service is supported by B2B commerce expertise, strategic partnerships, and a focus on unlocking business growth for enterprise-scale merchants.
Single checkout solution
Hokodo offers a “Pay Now & Pay Later” option within a single checkout, seamlessly covering all buyer preferences.
B2B buyer demand
Hokodo says that it allows merchants to meet the demand from 81% of buyers who want to open trade accounts with their main suppliers.
These features collectively position Hokodo as one of the leaders in providing innovative B2B payment solutions.
Benefits of TermsTech
TermsTech adds value to B2B marketplaces, merchants, e-commerce, and PSPs! Here are some reasons why:
Payment terms
We enable B2B marketplaces and merchants to offer deferred payment terms up to 120 days to their B2B buyers.
When sellers get paid
TermsTech pays sellers and/or marketplaces as soon as there is proof of delivery. You don’t have to wait 30 days or more from delivery – you’ve done your job, so your cash flow deserves the bump.
100% payment
We pay 100% upon proof of delivery. Not 95%. Not 90%. Not 85%. Just plain old-fashioned 100%!
Elevates revenue
TermsTech increases sales, increases the frequency and € amount of transactions, drives new customer acquisition, and helps to retain current customers. All of this positively impacts revenue and business health.
Coverage
Our services are far-reaching across Europe. We are available throughout the European Economic Area (EEA) and Switzerland. We also have the capability to handle buyers from outside these areas if they meet our KYC/KYB threshold.
Integration
Simple integration with REST APIs and webhooks. We work with your team to make sure the set up and integration is smooth and fast. We also offer a lo-fi self service approach for companies not looking for a full-integrated solution.
Credit risk assessment
Our rigorous risk assessment processes use machine learning, credit risk reports, and non-traditional data assessments. And, our assessment is lightning fast!
Risk management & collections
De-risk your business and let us take the risk for you – we take on the burden of non-payment losses, early-stage collections, and fraud protection.
Adaptable solutions
We have off-the-rack solutions, but we also customise our payment terms solutions for different business sizes and industries.
White-label
TermsTech allows businesses to maintain brand identity with their buyers through our white-labelling solution.
Use cases and industries
Applicable for cross-border payment transactions in almost any industry you can imagine. If you sell B2B products, then TermsTech delivers the payment terms for your customers. Agriculture, food & beverage, logistics, electronics, automotive, packaging & containers, retail, medical devices, paper & forest products… the list goes on and on!
Hokodo or TermsTech?
Both solutions offer attractive features and use cases that B2B e-commerce shops, merchants, and marketplaces benefit from. TermsTech offers true BNPL solutions that include extended payment options, EEA coverage, industry adaptability, white-labelling, rigorous risk assessment, and takes on risk so merchants can de-stress!
Get in touch with our B2B payments experts today! Let’s start the conversation toward increased cash flow, sales, and growth while lowering your stress!
Together, let’s make TermsTech your B2B e-commerce payment terms solution.
Contact us
Hi, I’m Wouter!
I’d love to discuss how we can help your operation with our working capital solutions. I’m looking forward to meeting you and answering all of your questions about AREA42.