Hokodo: a ”trade-credit as a service” technology
Hokodo’s B2B payments solution enables B2B merchants to sell more by instantly offering credit terms to their business customers, even on their first purchase. In turn, customers benefit from additional payment terms, interest-free, through a frictionless Buy Now Pay Later checkout experience. Over 30% of B2B trade takes place on credit terms, with trade credit representing the largest source of business financing in advanced economies. Yet current processes for offering trade credit are outdated and not fit for the digital age. Hokodo’s digital platform solves these issues by providing merchants with a powerful set of solutions to manage trade credit and scale with confidence. Merchants that integrate with Hokodo see, on average, a 40% increase in revenues.
According to the Co-Founder and CEO of Hukudo, Louis Carbonnier, one of the key factors enabling the boom of successful new fintech companies is the ability to essentially start from a blank sheet of paper.
Clarity: a sustainability tech firm empowering investors to manage the societal impact of their portfolios
Clarity AI is a sustainability technology platform that uses machine learning and big data to deliver environmental and social insights to investors and organisations. Clarity AI enables anyone to manage the impact of their portfolios, no matter the size, through proprietary technology and machine learning around the most relevant industry recognised frameworks, including ESG, TCFD and UN SDGs. Clarity AI also supports regulatory disclosure and client reporting, such as those required by SFDR and EU Taxonomy regulation, to help investors meet new sustainability obligations.
Billon: a blockchain solution that helps banks go paperless
Can a blockchain innovation build paperless offices across businesses and organisations? The British-Polish fintech Billon Group says yes. The company provides a Blockchain Platform powered by distributed ledger technology (DLT), based on a new type of architecture storing full documents entirely in the blockchain. The innovation aims to eliminate paper-based client-facing notifications in the polish banks and fully comply with the European Union’s financial records-related regulations, including the European Union’s MiFID II and GDPR.
INVOIER: a marketplace for fair and transparent trading of invoices
Invoier has developed Sweden’s only real-time marketplace for invoices. The purpose is to enable better conditions for financing and growth of small- and medium-sized companies and open up the market for a new asset class for investors. The technical foundation of the offer consists of a unique AI-engine risk assessment method. European small- and medium-sized enterprises (SMEs) are forced to pay up to 60% for working capital, which is negatively impacting the possibility for growth and their competitiveness. This is what Invoier has set out to change by providing a marketplace where SMEs convert invoices into working capital. The marketplace is built on a unique AI-based risk assessment method, making it possible for professional investors to enter a new asset class and bid in real-time. The aim is to change the behaviour and challenge the EUR 3,000 billion factoring market by creating a fair and transparent marketplace through technological innovation.
DISCLAIMER: This information is provided in the interest of knowledge sharing and should not be interpreted as the official view of the European Commission, or any other organisation.
The article was published 2022-02-04 at:
European Innovation Council Community webpage