Two Raises €13M to Expand in US and Central Europe

B2B payments fintech Two has secured €13 million in fresh funding to expand its operations across the US and Western Europe. The round was led by Idékapital and Shine Capital, with participation from new investor Investinor and existing backers Antler, Sequoia Capital, Alliance Ventures, Arkwright, and LocalGlobe. This brings Two’s total funding to over €40 million.

Founded in 2021, Two is modernising B2B transactions by offering flexible net terms for buyers, instant payments for sellers, and AI-powered risk management. Its proprietary infrastructure — including real-time underwriting engines Frida and Delphi, and an embedded deferred payments solution — already powers 200+ merchants across the Nordics and Europe.

Less than three months into its US launch, the market now contributes over 20% of Two’s revenue. The new funds will support continued product development, merchant onboarding, and global partnerships. Two is also enhancing its credit decision engine, strengthening integrations, and deepening collaboration with suppliers worldwide.

Backed by partnerships with Visa, ABN AMRO, Qliro, Avarda, and Wikinggruppen, Two is poised to meet growing demand for seamless, credit-insured B2B payment experiences. As the global B2B e-commerce market heads toward $48 trillion by 2030, Two is positioned to lead the transformation of how businesses buy and sell.

“We’re on a mission to make selling on net terms as easy as accepting card payments,” said Andreas Mjelde, CEO and co-founder of Two. “This capital injection fuels our mission to scale globally with large enterprises and redefine the future of B2B commerce.”