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Richard Thornton | Hokodo | Fintech Finance

About Richard Thornton

https://www.hokodo.co/
Richard Thornton, Hokodo works with wholesalers, online B2B marketplaces and other merchants to make selling to business buyers easier. Unlike consumers, businesses generally expect to pay on credit terms. To manage this risk, sellers traditionally resort to paper-based trading account applications and manual credit decisions. Hokodo streamlines this whole process, allowing sellers to make credit decisions in real time when the customer reaches the check-out. We protect the seller by insuring the credit risk with Lloyd’s of London, and we arrange the financing so our sellers can get paid upfront if they choose. Our digital platform combines instant credit assessments and fully automated limits management, all served up via APIs in less than 1 second. Richard Thornton is the co-founder and co-CEO of Hokodo. Richard has over 20 years of experience in the insurance industry, having worked as a partner at Oliver Wyman and as the Group Chief Operating Officer and Head of Strategy at Aspen Insurance Holdings. Richard has also worked as an economist at the Bank of England and the FSA. Richard Thornton attended the University of Oxford, where they earned a Bachelor of Arts in mathematics.

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