Compare B2B Buy Now, Pay Later & Digital Trade Credit Providers

What is B2B BNPL and Digital Trade Credit?

B2B Buy Now, Pay Later, also known as Digital Trade Credit, is a broad term covering the various digital-first payment terms solutions offered by a crop of fast-growing fintech companies. These solutions enable buyers to delay payment by an agreed number of days, split a large payment into instalments, and even group all their invoices into one monthly trade account payment. As the name implies, B2B BNPL differs from the services of companies like Klarna in that it is built specifically for the complexities and risk factors of business trade. 

‍Why Compare Providers?

Choosing a Digital Trade Credit provider can be challenging for a number of reasons. You probably haven’t assessed and purchased such a solution before, so it’s difficult to know what to look out for. Then, once you start to discover your options, you find there are a handful of leading providers with similar offerings. How do you compare B2B BNPL providers and know which one to pick?

This B2B Buy Now, Pay Later comparison page is designed to help you better understand the similarities and differences between Digital Trade Credit providers such as Hokodo, Mondu, Kriya, Two and Billie. Our aim is to help you find the best solution for your specific needs.

💡 Looking for a provider that operates across Europe, handles all risk and supports omnichannel sales? Explore Hokodo’s capabilities.

Feature Comparison: Hokodo vs Other Leading Providers

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Which Provider is Right for You?

As you can see from the Digital Trade Credit provider comparison table, most of Europe’s leading players have very similar product offerings, covering flexible payment terms, digital trade accounts, instalment plans and even upfront payment options to go alongside. Choosing the right provider comes down to your unique use case and business goals.

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What makes Hokodo different?

• The only payments partner you need: Our unique approach to digital trade accounts means that we can run your full trade credit management process, and even your upfront payments too. You’ll have more time and resources for what really matters – running and growing your business.
• All-in-one product stack: Hokodo covers every feature – credit scoring, risk protection, financing, payment processing and collections – from a proprietary in-house platform.
• Product modularity: Choose which elements of our product stack that you need, and which you would prefer to keep in-house.
• Built from scratch: No dependency on third-party scoring or analytics providers, allowing for tailored underwriting and higher acceptance rates.
• True omnichannel support: Digital trade accounts which work cohesively across any combination of online and offline channels.
• Regulated financing partner: Hokodo is fully registered and authorised by the financial regulatory bodies in the UK, France Lithuania, ensuring full compliance across Europe.
• Pan-European coverage: Hokodo has live clients in all major European markets and can service buyers and sellers across the EU.
• API-first approach: Plug-ins and PSPs are good, but they don’t always ensure high buyer adoption and satisfaction. Our fully supported API-first approach means that when your solution is ready to launch, your buyers are ready to use it.

Frequently Asked Questions about B2B BNPL & Digital Trade Credit

Q: What is B2B BNPL?‍

A: Much like its B2C equivalent, B2B Buy Now, Pay Later is a form of short-term lending offered to business buyers at the point of sale (POS). It allows buyers to spread costs or delay payments, while merchants are paid upfront, thereby improving cash flow for all parties.

Due to its digital nature and fintech roots, B2B BNPL is often offered on e-commerce websites, marketplaces and other online platforms. However, B2B Buy Now, Pay Later products for offline and omnichannel sales are also on the market.  

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Q: Is trade credit the same as B2B Buy Now, Pay Later?‍

A: Simply put, B2B BNPL is a digital form of trade credit. At Hokodo, we often refer to our solution as Digital Trade Credit, other providers might call it net terms, embedded finance or Buy Now, Pay Later, but in essence they are all forms of trade credit.

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Q: Can I offer payment terms both online and offline?‍

A: It depends which payment terms provider you choose to work with. Many offer offline capabilities in addition to their online offering. Hokodo’s offers a full omnichannel solution, which is used by merchants like RÉTIF to ensure buyers get a harmonised payment terms experience across all sales channels.

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Q: Do providers take on the risk of non-payment?‍

A: Yes. Most digital trade credit providers, including Hokodo, Mondu, Two, Kriya and Billie, offer non-payment risk protection as standard.

Q: How fast can I go live with a B2B BNPL solution?‍

A: It depends on a number of factors including which solution provider and which integration option that you choose. Some providers offer low-tech, fast start options which can have you up and running in 24 hours, but a full API integration can take anywhere from two weeks to two months.

Ready to learn more? One of our Payments Consultants would be happy to talk you through the differences between Hokodo and other digital trade credit providers on a no-pressure call. Fill in the form below to book a free consultation.