B2B payments firm Springque rakes in $1.7m

PayTech firm Springque has raised $1.7m from a funding round as it aims towards processing $100m in payment transactions next year.

The funding round saw participation from companies such as Volta Ventures, Force Over mass and a wide range of angel investors and payment industry executives.

Springque claims it has set out to redefine the online business-to-business payments space. The companu’s platform offers a software-as-a-service payment solution that it claims is tailored to businesses’ needs.

 The funding allows Sprinque to build out their product and onboard the first clients on the ever-growing waiting list.

Springque co-founder and CPO Mark Holleman said, “”The complementary skill set, brought together by Antler, is what makes this team of founders a great match for investors. Volta understood the opportunity right from the start, and with Force Over Mass, we have partners experienced in the B2B and fintech field and with an international portfolio.”

Force Over Mass partner Filip Coen added, “Vendors are spending millions to build online platforms for B2B trading, but their payment processes are often lagging way behind. Sprinque not only offers a solution for these businesses, but they also have a team that can successfully deliver.

“There’s a clear vision on how end-to-end business payments should work, and together, we can see them take their product international.” Sander Vonk, Partner at Volta Ventures, adds: “B2B payments is a challenging problem to solve, we feel the experience the team brings and the early traction they have shown makes for a great combination able to tackle the problem.”

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