Two, a Norwegian company aiming to make B2B transactions more seamless, has raised €18m in a Series A investment round.
The round was led by Shine Capital and Antler and saw participation from Alliance VC, LocalGlobe, Sequoia Capital, Alumni Ventures, Day One Ventures and The Visionaries Club.
Two claims it makes it as easy to accept business orders on net terms as it is to accept card payments from consumers, solving the B2B commerce. problem. The company said its largest order accepted through its platform to date at €450K was end-to-end completed at checkout in less than 45 seconds.
Two said, “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.”
The company detailed that what sets it apart is its ‘unrivalled’ acceptance rate combined with one solution across all sales channels for its merchants, helping to shift B2B transactions online.
The firm continued, “Our unique operating model maximises order acceptance by using multiple credit underwriters to assess the same order, of which Two’s 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.”
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