Wednesday, June 19, 2024

Breaking News

Insurtech Pikl Announces New Partnership With Aviva and Prestige Underwriting for Its UK MGA Sumsub Partners With 21 Analytics to Add Self-hosted Wallet Verification to Its Crypto Travel Rule Solution finova Upgrades Award-Winning Origination Platform Apprivo To Drive Operational Efficiency For Clients Amid Rate War Gilion Appoints Andreas Hedlund as New CFO and Deputy CEO FINOM Brings Integrated E-Invoicing and Business Banking to Italian SMEs with Launch of Business Accounts and Local IBAN More Than Two Thirds Of Financial Services Organisations Say Network Security Threats Have Increased In The Last 18 Months, According To New Daisy Research Monavate and Know Your Customer Collaborate to Reinvent Compliance Across the European Payment Solutions Encompass Corporation Appoints Renowned Technical Leader Andrew Dunn as VP of Engineering to Help Bring Corporate Digital Identity Vision to Life RBC Launches Global Credit Connect With Nova Credit to Help Create a Smoother Financial Start for Newcomers to Canada Shareholders Of Tech Giants Fail To Address Pension Savers’ Concerns Surrounding AI UK General Election 2024: What it Means for Financial Services Firms Payments Variation Needed for International Expansion | Shopware | Nexi Roadshow: OMR Hamburg TerraPay and Thredd Partner to Build the Next Generation of Payment Solutions and Money Movement for Global Travel Providers Ageras Enters Into An Exclusive Agreement With Societe Generale To Acquire Shine And Become One Of The Leading European Providers Of Banking And Accounting Software For SMEs Mexican Fintech Unicorn Clip Announces US$100 Million Investment

Hokodo Partners With Mangopay to Provide Best in Class Payment Offering for B2B Platforms

Hokodo, Europe’s leading provider of digital trade credit, and Mangopay, platform-specific payment infrastructure provider, announce today a strategic partnership that makes Hokodo’s solutions available to Mangopay B2B platforms. This cooperation will allow B2B marketplaces to foster their growth and scale their payments capability.

Marketplaces continue to become increasingly ubiquitous in the B2B e-commerce space. Thousands of industry-specific marketplaces are now in operation, serving as a bridge connecting suppliers with business buyers globally. Large suppliers and other merchants are capitalising on the phenomenon, with 75% actively developing marketplace strategies. With up to 80% of B2B transactions expected to take place online by 2025, seamless online payment experiences are a priority for B2B buyers.

As the B2B marketplace industry continues to grow, the payment experience remains a key differentiator for such players. Enhancing Mangopay’s payment infrastructure  capabilities with Hokodo is a meaningful step to help B2B players drive global growth for marketplaces. With their combined solutions and expertise, the two companies deliver a comprehensive payment offering and optimised payment flows for B2B marketplaces. From the granting of credit terms and payment collection through the disbursement of funds to sellers and marketplaces operators’ commissions, funds flow smoothly thanks to the partnership.

“The success of a given marketplace relies partly on providing buyers and sellers with a payment experience that they cannot replicate off-platform. Business buyers expect payment terms, while suppliers want to get paid up front,” explains Raphael Caruso, Director of Strategic Projects & Partnerships at Hokodo. “Marketplace operators themselves also need access to their funds as soon as possible to avoid working capital issues. Together, Mangopay and Hokodo’s complementary solutions satisfy the demands of each party.”

“Businesses need to move quickly to keep up with changing consumer preferences to help drive increased conversion,” said Luke Trayfoot, Chief Revenue Officer at Mangopay. “For five years, Hokodo has been a powerful solution for businesses to reach new customers and drive growth. Mangopay users can now get started accepting payments with Hokodo in mere minutes and providing better payment user experience which ensures higher conversion.”

People In This Post

Companies In This Post

  1. Insurtech Pikl Announces New Partnership With Aviva and Prestige Underwriting for Its UK MGA Read more
  2. Sumsub Partners With 21 Analytics to Add Self-hosted Wallet Verification to Its Crypto Travel Rule Solution Read more
  3. finova Upgrades Award-Winning Origination Platform Apprivo To Drive Operational Efficiency For Clients Amid Rate War Read more
  4. Gilion Appoints Andreas Hedlund as New CFO and Deputy CEO Read more
  5. FINOM Brings Integrated E-Invoicing and Business Banking to Italian SMEs with Launch of Business Accounts and Local IBAN Read more