Paris, July 4, 2023 – Today, leading European provider of B2B payments solutions Hokodo has announced a new partnership with Oro, the globally-adopted leading platform for B2B digital commerce. This new collaboration will enable B2B suppliers on OroCommerce to integrate seamlessly with Hokodo’s payment solutions.
Sellers have access to a B2B Buy Now, Pay Later (BNPL)solution that is fully compatible with OroCommerce, enabling their buyers to benefit from instant access to trade credit, even on their first purchase. Buyers get to defer payment by up to 90 days and benefit from a B2C-like purchasing experience, while the supplier receives up front payment and full credit and fraud risk protection.
With both companies catering exclusively to the world of B2B commerce and each leading the way in their respective areas, Hokodo and Oro are bringing a combined best-in-class e-commerce and payments solution to the market.
Maison&Objet, the esteemed design and lifestyle trade fair, selected Oro and Hokodo to launch its MOM marketplace in April 2023, which leverages Oro's robust B2B e-commerce platform for sophisticated catalogue management and seamless experiences for both brands and buyers, while Hokodo's flexible BNPL payment solutions optimise conversion and boost order value. The combined capabilities of both Oro and Hokodo provide a superior, comprehensive online marketplace environment that caters to the unique business needs of Maison&Objet's community.
“One thing that really makes this partnership special is that the teams at Hokodo and Oro share a deep understanding of the needs of B2B suppliers and a vision of the potential that we can offer together,” explains Raphael Caruso, Director of Strategic Projects and Partnerships at Hokodo. “We’re thrilled to be working with one of the most knowledgeable B2B e-commerce teams out there.”
“With our strong focus on the B2B business cases, I am convinced our clients will benefit very soon from this great partnership. Payment process and cash management is also a key point for business buyers; allowing them to be more flexible in their buying experience is absolutely essential,” explains Jonathan Primard, Head of Partnership Europe and Sales Manager at Oro Inc.