Two secures €18 million Series A funding to fix B2B payments - Two
Summary
In fact, the largest order accepted through Two to date at 450K was end-to-end completed at checkout in less than 45 seconds.By taking care of credit and fraud underwriting, paying sellers upfront, and overseeing the receivables and collection processes, Two allows sellers to focus on delivering exceptional products.What sets Two apart is our unrivalled acceptance rate combined with one solution across all sales channels for our merchants, helping to shift B2B transactions online. Our unique operating model maximises order acceptance by using multiple credit underwriters to assess the same order, of which Twos proprietary credit engine is one of the possible underwriters.Unlike competitors that are building B2B payment solutions similar to B2C, we follow the end-to-end buyer and seller experience, offering one streamlined solution across all channels, ensuring availability where B2B transactions happen.As a world first, the recently announced partnership with Allianz and Santander also enables Two to support large, multinational merchants across all of Europe and North America and offer instant net terms to their business customers through one API solution. This has already led to explosive growth with businesses in the U.K. and the Nordics, and, with their recently announced banking partnerships, Two can now offer a truly global B2B solution for large multinational corporations.Moreover, buyers using Two come back for more. We are excited to support the exceptional Two team, with an obsessive product-oriented mindset and a compelling approach to become a global leader in a massive market".Getting started with Two is easy. Merchants can start selling immediately through Twos portal, integrate via a simple open API, or choose from a selection of off-the-shelf plugins built for leading e-commerce platforms such as Magento, Optimizely, WooCommerce, Spense, and 24Nettbutikk.
Funding
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