Two Raises €13M in Funding to Expand B2B Payments Platform
Summary:
- Oslo-based B2B payments platform provider, Two, secured €13M in funding led by Idékapital and Shine Capital, with participation from Investinor and other investors.
- The company plans to use the funds to expand its operations in the US and select Western European markets, offering upfront payments to sellers, flexible net terms for buyers, and AI-powered fraud prevention.
- With a diverse team across 15 countries and collaborations with financial institutions like Allianz and Santander, Two has already deployed its B2B payments infrastructure to over 200 merchants in the Nordics and Europe.
Two, a B2B payments platform based in Oslo, Norway, recently announced a successful funding round of €13M. The investment was led by Idékapital and Shine Capital, with the participation of new investor Investinor, as well as existing backers such as Antler, Sequoia Capital, and Alliance Ventures. The funding will be utilized to support the company’s expansion into the US and selected Western European markets.
Founded in 2021 and helmed by CEO Andreas Mjelde, Two offers a range of services including instant upfront payments for sellers, flexible net terms for buyers, and advanced AI-powered fraud prevention measures. The company’s B2B payments infrastructure, which includes proprietary risk engines Frida and Delphi, has already been adopted by over 200 merchants across the Nordics and Europe.
Two boasts a diverse team spread across 15 countries and has established partnerships with key financial institutions like Allianz, Santander, and ABN AMRO. The successful funding round has brought the total amount raised by Two to $40M, marking a significant milestone in the company’s growth and development.
