Founded in 2021 in Oslo, Two is a Norwegian startup which has been responsible for modernizing the B2B payment, thanks to its platform which allows professional sellers to be settled immediately, while granting buyers of delayed payment conditions. The whole is supported by algorithms of proper risk rating and a fully automated integration system.
It has just raised 13 million euros in a strategic financing round to support its development in the United States and Europe.
“” We want to make sale on credit as simple as card collection “Says Andreas Mjelde, co -founder and CEO. “” We have proven that the merchants want payment solutions adapted to their real uses, and not consumer tools renamed for the company. »»
A changing market
95 % of B2B buyers prefer to pay on invoice, according to Allianz Trade, but less than 10 % of sellers offer this online payment method.
Two wants to position itself as the key infrastructure for this transformation. Its platform combines several technical bricks, starting with real -time risk analysis engines (Frida and Delphi), an onboarding solution, an integrated deferred payment system, and embedded modules in the ecosystems of large partners such as Visa, Santander, Abn Amro, Qliro or WikingRuppen.
Faced with the emergence of actors specializing in deferred B2B payment such as Mondu (Germany), Treyd (Sweden) or Resolve (United States), Two bets on a modular and vertical approach, built to integrate into the heart of business processes. Unlike purely “checkout” approaches, Two offers a complete infrastructure, including real -time scoring, instant payment to the seller and accounting integration. It is this logic of deep integration which is increasingly attracting market places, B2B neobancs and large groups.
Timing plays in its favor, first of all in the United States, where 42 % of B2B payments still go through check, where in just three months after its launch, this market already represents more than 20 % of the company’s turnover. But also in Europe, where a large part of the regulations is still managed via manual transfers or unauthorized ERP processes. This structural inertia opens a considerable field of opportunities for fintechs capable of reconciling technical innovation and regulatory compliance.
The rounding was led by Idékapappital (Norway) and Shine Capital (United States), with the participation of the Public Investinor and historic investors Sequoia Capital, Antler, Alliance Ventures, Arkwright and Local Globe. This lifting bears the total of funds collected at more than 40 million euros since the creation of the company.
