Hokodo Is Shut Down: What Happened And Alternatives
Hokodo has ceased trading after eight years in the B2B buy now, pay later market. Its production and sandbox API plus dashboards were permanently shut down on March 23, 2026, marking the end of the fintech's operations.
Status
Shut Down
Estimated timeline
Wind-down decision: Late 2025. API and dashboards permanently shut down: March 23, 2026. Public closure reports: April 14-15, 2026.
Category
Online Services
What is happening?
Hokodo is now listed as closed after ending operations in the B2B buy now, pay later and trade credit market. The company's official status page confirms that Hokodo had ceased trading and that its production and sandbox API, along with related dashboards, were permanently shut down on March 23, 2026. This marked the operational end of the platform for merchants, partners, and customers using Hokodo's embedded credit infrastructure.
Founded in 2018, Hokodo offered B2B merchants real-time trade credit products, including flexible trade accounts and instalment plans with 30, 60, and 90-day payment terms. The company positioned itself as a B2B BNPL provider for marketplaces and business sellers, helping buyers access payment flexibility while merchants managed credit risk. Industry reports confirm that Hokodo closed after around eight years of operation, with the founders moving on to a new venture focused on B2B trade credit and cash flow consulting.
The shutdown also followed a difficult market environment for BNPL and lending-focused fintech companies. Reports note that Hokodo had raised significant funding and helped finance a large volume of B2B transactions before closing, but the company ultimately did not continue as a trading business.
Best alternatives
A B2B payments platform offering deferred payment and pay-later solutions for sellers, buyers, and marketplaces.
A B2B payments provider offering pay-later, instalment, and trade account options with flexible payment terms.
A B2B payments platform focused on net terms, instant credit decisions, fraud checks, and BNPL-style checkout for business buyers.
A UK B2B finance and payments provider offering PayLater, invoice finance, and working capital products.
A B2B payments solution that lets merchants get paid upfront while offering flexible payment terms to trade customers.
A financial infrastructure platform for B2B commerce, offering net terms, B2B BNPL, payments, and marketplace payment workflows.