Real-time recommendations on which transactions can be offered on credit terms
Protection against credit and fraud risk, backed by Lloyd’s of London
We arrange the financing so you get paid on delivery, while your customers pay later
Chasing overdue payments while protecting your customer relationships
Hokodo raises $12.5M series A, allowing them to support more merchants in more countries and provide easy access to online credit terms to millions of cashflow-constrained businesses.
Trade credit has been at the cornerstone of small business for as long as trade between businesses has existed - as much as 60% of the total value of B2B sales in the UK are made using trade credit! In this article, we take it back to basics and tell you everything you need to know about offering your business customers trade credit.
What has arguably been one of the hardest times for businesses over the last year, seems to be finally drawing to a close… And businesses couldn’t be more ready! Many of the conversations with businesses have revolved around how they are getting ready for the grand re-opening of the UK economy, and whether or not they’ll be granting trade credit to their customers.
The insurance products underwritten and distributed using Hokodo’s technology are backed by the Channel Syndicate, a unit of SCOR Global P&C.
The Channel Syndicate is a business unit of and is supported by SCOR Global P&C, the non-life segment of the SCOR Group (a tier 1 and the world’s fifth largest reinsurer, rated AA- by the leading international rating agencies). In 2017, SCOR’s gross written premiums were €14.8bn, of which Property & Casualty comprised approximately €6bn.
Lloyd’s is the world’s specialist insurance and reinsurance market.
With expertise earned over centuries, Lloyd’s is the foundation of the insurance industry and the future of it. Led by expert underwriters and brokers who cover more than 200 territories, the Lloyd’s market develops the essential, complex and critical insurance needed to underwrite human progress.
Backed by diverse global capital and excellent financial ratings, Lloyd’s works with a global network to grow the insured world – building resilience for businesses and local communities and strengthening economic growth around the world.
Visit www.lloyds.com for more information.
Founded in 2010, Anthemis is a leading venture capital fund, specialized in financial services and focused on reinventing financial services for the 21st century.
The group works with a diverse group of customers and partners (from startups, VCs to financial institutions) to catalyse and accelerate positive and disruptive change across the financial industry. Anthemis is an investor in Impact 25 companies Flock, Insurdata, Hokodo and Qover.
Visit www.anthemis.com for more information.
Get in touch to find out how you can streamline your order-to-cash process and bring your credit management to the 21st century.