How do our partners use Hokoscore?
An indicative but not exhaustive list of situations
LENDERS
Improve your credit decision making process
PLATFORMS
Enrich your proposition by offering credit information to your users
CORPORATES
Have confidence in new business opportunities with unknown prospects
INVESTORS
Save time by weeding out the riskier opportunities in your pipeline
What is Hokoscore?
Hokoscore assesses the level of financial health of a given company in the next 12 months with a number (1 to 5 stars),
5 stars for companies in good financial health and 1 star for companies facing substantial default risks.
5 stars for companies in good financial health and 1 star for companies facing substantial default risks.
How does Hokoscore rate a company?
Each company is rated by Hokoscore on a scale from 1 to 5:
Danger
We do not recommend extending credit terms to this company unless you are really confident that you will get paid.
Caution
This firm has a weak credit rating. Manage your exposure to this company carefully.
Acceptable
This firm has acceptable financial health, but you should still ensure you can withstand the costs of any default.
Fair
This firm has reasonable financial health, though invoice protection can provide additional security.
Excellent
This firm has strong financial health.
Danger Caution Acceptable Fair Excellent
How was hokoscore computed?
Hokoscore is based on a combination of sources providing information on a company from different angles: financial position, performance, directors, mortgages, business events, etc.
Hokodo leverages this information and machine learning techniques to build algorithms that compute the Hokoscore in real time. Our credit scoring algorithms are continuously back-tested, enriched an improved to make sure we retain our edge.
Hokodo leverages this information and machine learning techniques to build algorithms that compute the Hokoscore in real time. Our credit scoring algorithms are continuously back-tested, enriched an improved to make sure we retain our edge.
How is hokoscore refreshed?
Hokoscore is based on the most up-to-date data. To do so, Hokodo has created an ecosystem that connects all the data sources via API and fetches the latest data for each given company.
Gain accurate insights on a company
Score
Use Hokoscore to gain a better understanding of your trading partners.
Read here how cutting-edge machine learning techniques were used to build the UK’s most accurate credit scoring engine.
Read here how cutting-edge machine learning techniques were used to build the UK’s most accurate credit scoring engine.
History *coming soon
We provide you with the credit scoring history of your prospects and clients to improve our understanding of their financial health.
Monitoring *coming soon
No need to query our API, you’ll be notified if there’s a shift in Hokoscore.
Whether your trading history partners enter any kind of insolvency proceedings, are subject to negative press or release deteriorated financials, you’ll be informed.
Whether your trading history partners enter any kind of insolvency proceedings, are subject to negative press or release deteriorated financials, you’ll be informed.
