Two Raises €13M to Expand B2B Payments Platform Globally

Two Secures €13M to Grow Its B2B Payments Platform

European fintech Two has raised €13 million in fresh funding to accelerate the growth of its innovative B2B payments platform.
Led by Idékapital and Shine Capital, the round also saw participation from Investinor and several existing investors.

Notably, returning backers include Antler, Sequoia Capital, Alliance Ventures, Arkwright, and Local Globe.
With this new capital, Two will now expand deeper into the US and Western European markets.

Within three months of launching in the US, the region already contributes over 20% of Two’s total revenue.
This highlights the platform’s growing relevance among global B2B merchants seeking smarter and more flexible payment tools.

Redefining How B2B Payments Work

Founded in 2021, Two is reshaping how businesses buy and sell through its productised B2B payments platform.
Unlike traditional solutions, Two enables instant seller payouts while offering net terms and credit to verified buyers.

Its proprietary AI engines — Frida and Delphi — power fraud detection and underwriting across over 200 merchant partners.
Additionally, the platform features a fully automated onboarding solution, making integration seamless for both merchants and buyers.

Because B2B commerce often lags in payment innovation, Two addresses a massive unmet need in business transactions.
Furthermore, by mimicking the ease of consumer payments while solving B2B complexities, Two stands out in the fintech space.

Big Goals, Bigger Market

Two’s B2B payments platform operates in a largely untapped yet massive market with high global potential.
CEO Andreas Mjelde emphasized the company’s mission to make selling on net terms as easy as accepting card payments.

“We’re the ‘Two’ in B2B,” Mjelde noted, underscoring their focus on payment solutions built for actual business needs.
He also shared plans to use the capital to scale with large enterprise partners and strengthen global infrastructure.

Already, Two has inked key partnerships with Visa, ABN AMRO, Qliro, Avarda, and Wikinggruppen.
These relationships extend Two’s reach while enabling more businesses to benefit from its B2B payments platform.

Backers Believe in the Team and Market

Kristian Øvsthus, Managing Partner at Idékapital, expressed strong confidence in Two’s founding team and product vision.
He pointed out the team’s international expertise, diverse skillsets, and ability to build a global category leader.

“B2B payments remains a large, unsolved challenge, and Two offers a modular solution built to scale with network effects,” he said.
Importantly, the long-term investment strategy of firms like Idékapital and Investinor ensures stability for Two’s future roadmap.

Clearly, this capital injection marks a major milestone for Two as it continues expanding its B2B payments platform.
As B2B digitisation accelerates globally, the need for fast, flexible, and secure payments infrastructure is stronger than ever.

Two is well-positioned to fill that gap and redefine how businesses manage transactions across regions.

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