Sprinque raised €1.7 mn to redefine online B2B payments

By Joy Dumasia

Sprinque, the Amsterdam-based checkout platform for B2B merchants and marketplaces, offers a SaaS payment solution tailored to businesses’ needs. Sprinque has raised €1.7 million in funding from Volta Ventures and Force Over Mass. Both have invested in numerous FinTech and B2B startups, such as Banxware, Cashforce, Blanco and Shieldpay.

The Amsterdam-based FinTech was founded by Manoj Tutika (CTO), Mark Holleman (CPO), and Juan Espinosa (CEO), who all met at Antler Amsterdam, which subsequently invested in Sprinque.

Sprinque built a digital checkout infrastructure to make business transactions frictionless; their SaaS solution only needs one single integration and offers many business-specific options. These include pay with net 30-, 60-, and 90-day terms, split payments, and pay on milestones. It also provides access to multiple payment methods, including Pay by Bank, allowing buyers to settle invoices using their online bank account or mobile bank app. Sprinque’s checkout platform automates all payment workflows and will offer merchants the option to get instantly paid.

Several angel investors with extensive experience in the B2B and finance industry also joined the round. The group includes Gaston Aussems (ex-CEO, Mollie), Matt Robinson (Founder, GoCardless), Charlie Delingpole (Founder & CEO, ComplyAdvantage), Rainer Majcen (ex-CEO, Finance BPO at Arvato Financial Solutions), Chris Adelsbach, and Great Stuff Ventures.

Sprinque’s Mark Holleman says: “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.”