Selecting the right B2B financing solution can determine whether your business thrives with healthy cash flow or struggles with working capital constraints. While Hokodo once offered European B2B BNPL services and FundThrough provides invoice factoring, Resolve Pay delivers comprehensive net terms financing with non-recourse protection and full AR automation. Understanding these fundamental differences helps mid-market manufacturers, distributors, and wholesalers select the approach that matches their cash flow goals, risk tolerance, and operational requirements.
When B2B suppliers evaluate financing options for their accounts receivable, the choice between non-recourse net terms financing and traditional invoice factoring becomes critical. Three distinct approaches have represented different philosophies toward B2B payment management. Hokodo operated as a European B2B BNPL provider until its shutdown in late 2025. FundThrough functions as an invoice factoring company. Resolve Pay takes a different approach, combining non-recourse invoice advances with integrated AR automation to reduce supplier exposure to buyer default risk while streamlining receivables workflows.
The B2B financing market encompasses distinct categories, each serving different operational models and risk profiles. Understanding these fundamental differences helps finance leaders select solutions aligned with their growth stage and risk tolerance.
Companies like FundThrough purchase your outstanding invoices, providing immediate cash while your customers pay on their normal terms. The value proposition centers on fast access to working capital. Factoring typically involves customer verification processes, and if an invoice becomes significantly overdue, the factoring company may charge it back and establish a repayment plan or request another eligible invoice.
Platforms like the former Hokodo offered deferred payment options for business buyers at checkout, similar to consumer BNPL but designed for B2B transactions. These platforms handled credit assessment and payment collection while merchants received payment upfront. However, geographic limitations and business viability challenges affected this category.
Platforms like Resolve Pay represent a fundamentally different model. Rather than traditional invoice factoring, Resolve Pay enables sellers to offer Net 30, 60, or 90 payment terms while receiving advances on eligible invoices within 1-2 business days. Critically, Resolve Pay uses a non-recourse structure on approved invoices, meaning suppliers generally keep their advance payments if approved buyers fail to pay.
The fundamental distinction lies in risk allocation: traditional factoring may require repayment or substitution on significantly overdue invoices, while Resolve Pay's non-recourse model reduces that exposure away from suppliers on eligible approved transactions.
Resolve Pay operates as a B2B payments platform enabling manufacturers, distributors, and wholesalers to offer competitive payment terms while protecting cash flow and reducing credit risk on eligible approved advances. Resolve Pay originated as a B2B-focused spinout from Affirm in 2018. Its broader credit team includes professionals with experience at companies such as Amazon and PayPal.
The core value proposition combines three elements:
Resolve Pay's proprietary credit engine evaluates thousands of buyer data points including cash flow trends, payment history, and behavioral signals to deliver credit decisions within 24 hours. The system provides:
This AI-driven approach replaces the manual underwriting processes that slow down traditional credit assessment, enabling suppliers to approve new customers quickly and confidently.
Beyond financing, Resolve Pay automates the entire accounts receivable workflow:
Companies using Resolve Pay report 14+ hours saved weekly on manual AR work, with workload reductions of up to 90%.
Resolve Pay's agentic collections system manages the follow-up process through:
This automated approach preserves customer relationships while reducing DSO.
Resolve Pay connects directly with the platforms B2B suppliers already use.
Ecommerce platforms:
ERP and accounting systems:
The native integrations enable embedded net terms at checkout, automatic invoice syncing, and payment reconciliation without manual data entry.
Resolve Pay serves mid-market B2B suppliers needing:
Hokodo operated as a European B2B BNPL provider from 2018 until its shutdown in late 2025. According to FinTech Futures, the company had raised approximately $177 million in equity and debt funding and processed over €500 million in invoices across 10+ European countries.
Key timeline:
Hokodo's shutdown carries important implications for businesses evaluating B2B payment solutions:
For US-based B2B suppliers, Resolve Pay provides comprehensive solutions with the financial stability of $85 million in funding and a growing base of 15,000+ businesses.
FundThrough positions itself as an invoice factoring solution for small and mid-sized businesses in North America. Founded in 2014 and headquartered in Toronto, the company has funded nearly $3 billion in invoices and raised $96.3 million in funding according to PitchBook data.
The platform offers:
FundThrough focuses on invoice factoring for businesses that want to receive payment on eligible receivables before their customers' original payment terms. Its process includes customer verification and a Notice of Assignment directing customer payments to FundThrough.
If an invoice becomes significantly overdue, FundThrough states that it may charge the invoice back and establish a repayment plan or request another eligible invoice. Resolve Pay uses a different structure, providing non-recourse advances on eligible approved invoices alongside credit management and AR automation.
FundThrough also supports QuickBooks-based invoice workflows. Resolve Pay extends its platform across credit decisioning, invoicing, payment reconciliation, collections, ecommerce checkout, and ERP or accounting integrations.
FundThrough centers its offering on invoice factoring and selective receivables funding. Resolve Pay is designed for B2B suppliers that want invoice advancement alongside credit decisioning, AR automation, collections, payment workflows, and ecommerce or ERP integrations in one platform.
The most significant difference between these solutions lies in risk allocation.
Resolve Pay (Non-Recourse):
FundThrough:
Hokodo (No Longer Available):
For suppliers seeking to reduce credit risk, Resolve Pay's non-recourse model provides protection on eligible approved invoices.
Funding speed varies across solutions.
Resolve Pay: Credit decisions delivered within 24 hours, with some qualified buyers approved faster. Advances of up to 90% within 24 hours on eligible approved invoices.
FundThrough: Initial funding limit can be provided within 24 hours. Approved invoices can be funded as soon as the next business day.
Hokodo: No longer operational.
Resolve Pay's AI-powered credit engine delivers fast decisions while maintaining rigorous risk assessment, enabling suppliers to onboard new customers quickly.
Comprehensive AR automation distinguishes Resolve Pay from funding-only tools.
Resolve Pay includes:
FundThrough includes:
The automation difference translates to 14+ hours weekly saved on manual AR work for Resolve Pay users, with some customers reporting workload reductions of up to 90%.
Resolve Pay offers native integrations with:
FundThrough focuses primarily on invoice factoring workflows without native ecommerce platform connections.
Hokodo is no longer operational.
Resolve Pay's native ecommerce integrations enable embedded net terms at B2B checkout, transforming the buyer experience while streamlining seller operations.
Resolve Pay provides integrations across major ERP and accounting systems, including QuickBooks Online and NetSuite, with additional supported connection options across its financial technology stack. Integration behavior varies by system and configuration, helping streamline invoice, payment, and reconciliation workflows.
FundThrough offers QuickBooks integration with varying capabilities depending on product configuration.
Resolve Pay's integration ecosystem is designed to connect receivables workflows with ecommerce, ERP, and accounting systems, with synchronization capabilities depending on the specific integration and configuration.
Resolve Pay's approach delivers measurable outcomes for B2B suppliers:
Revenue Growth:
Operational Efficiency:
Competitive Advantage:
Resolve Pay combines several workflows that B2B suppliers commonly need within a single platform:
For manufacturers, wholesalers, and distributors that want to extend buyer payment terms while improving cash flow and streamlining receivables operations, Resolve Pay provides an integrated credit-to-cash platform rather than a funding-only workflow.
Resolve Pay is designed for suppliers that want non-recourse advances on eligible approved invoices together with credit management, AR automation, collections, ecommerce checkout, and accounting or ERP connectivity. This integrated approach helps businesses offer competitive net terms while protecting cash flow and reducing the operational burden of managing receivables manually.
Non-recourse financing, like what Resolve Pay offers on eligible approved invoices, means the financing provider assumes the credit risk. If an approved buyer fails to pay, the seller generally keeps their advance payment. With traditional factoring arrangements, if an invoice becomes significantly overdue, the factoring company may charge back the invoice and require repayment or substitution. This fundamental difference determines who bears the bad debt risk in your accounts receivable portfolio.
Yes, Resolve Pay provides integrations across major ERP and accounting systems, including QuickBooks Online and NetSuite, with additional supported connection options across its financial technology stack. Integration behavior varies by system and configuration, helping streamline invoice, payment, and reconciliation workflows while eliminating manual data entry and reducing errors.
Hokodo shut down in late 2025, and its APIs were subsequently disabled in March 2026. Businesses seeking an active B2B payments platform should assess geographic availability and required workflows. Resolve Pay provides US-focused B2B sellers with net terms, non-recourse invoice advances, credit management, and AR automation.
Resolve Pay's AI-powered credit engine delivers decisions within 24 hours, with some qualifying purchases up to $25,000 eligible for instant approval. Once buyers are approved, suppliers receive advances on eligible invoices within 1-2 business days. This enables suppliers to onboard new customers quickly while maintaining rigorous risk assessment standards.
With Resolve Pay's white-label approach, buyers interact with a branded payment portal that maintains your company's identity throughout the experience. Buyers are not notified of the financing arrangement, and quiet credit checks do not impact buyer credit scores. This helps preserve customer relationships while you benefit from improved cash flow and credit protection.
This post is to be used for informational purposes only and does not constitute formal legal, business, or tax advice. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post. Resolve assumes no liability for actions taken in reliance upon the information contained herein.