Finance and insurance software developer Hokodo has partnered to provide its services to Chasr customers.
The aim of this partnership is to help small and medium-sized businesses in the country protect themselves from non-payments as well as get a clear insight into the Credit Status of their clients using their Hokoscore service which will be fully integrated into the Chasr platform.
Hokodo claims there are around 40 SMEs each day that experience late or non-payments, hindering their ability to grow.
Users of Chasr will now have access to invoice insurance through the Hokodo platform.
Hokodo co-founder and co-CEO Louis Carbonnier said, “Each year, hundreds of thousands of European businesses fail as a result of late or non-payment of invoices. Credit insurance solutions to tackle these issues do exist, but they have effectively excluded smaller businesses.
“Hokodo’s mission is to make financial services accessible to everyone, regardless of size.”