Hokodo, Europe’s leading provider of digital trade credit, and Mangopay, a platform-specific payment infrastructure provider, have formed a strategic partnership, making Hokodo’s solutions available to Mangopay B2B platforms. This cooperation allows B2B marketplaces to foster their growth and scale payment capability.
In the B2B e-commerce space, thousands of industry-specific marketplaces are in operation, serving as a bridge, connecting suppliers with 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 be online by 2025, seamless payment experiences are a priority.
Enhancing Mangopay’s payment infrastructure capabilities with Hokodo will help B2B players drive global growth for marketplaces. With their combined solutions and expertise, the two companies deliver a comprehensive payment offering and optimised flows.
From the granting of credit terms and payment collection, through the disbursement of funds to sellers and 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,” explained Raphael Caruso, director of strategic projects & partnerships at Hokodo. “Marketplace operators 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,” said Luke Trayfood, 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 get started accepting payments with Hokodo in mere minutes and providing better payment user experience, ensuring higher conversion.”