Two raises $15.2m to expand B2B payments in US and Europe

By Vriti Gothi

Two a B2B payments innovator has raised $15.2 million in a funding round, led by Idékapital and Shine Capital, to redefine B2B transactions through a seamless, fully digital payments infrastructure

This milestone reinforces Two’s strategic vision that mirrors the ease and flexibility of consumer FinTech. The fresh capital injection will enable Two to deepen its footprint in the United States and expand further into key Western European markets, building on early traction that already sees the US contributing over 20% of the company’s total revenue within just three months of launch.

Founded in 2021, Two was created to transform how businesses trade by making net terms as simple and instant as card payments. Its comprehensive platform delivers upfront payments to sellers, flexible payment options for buyers, and AI-driven risk and fraud prevention powered by proprietary engines Frida and Delphi. In addition, its end-to-end onboarding solution and embedded deferred payment features are already trusted by more than 200 merchants across the Nordics and Europe.

By bridging the digital divide in B2B transactions, Two directly addresses the urgent demand for scalable, flexible payment solutions. While 95% of B2B buyers prefer invoice-based payments, only a fraction of sellers can support this digitally.  A gap Two is uniquely positioned to close. As the global B2B e-commerce market is projected to surge to $48 trillion by 2030, Two’s advanced underwriting technology and embedded infrastructure provide the modern backbone for secure, frictionless, and credit-insured trade.

Andreas Mjelde, CEO and co-founder of Two, said, “The B2B market has been underserved for far too long, relying on outdated, fragmented processes. At Two, we are committed to making selling on net terms as straightforward as accepting card payments, tailored specifically for how businesses operate today. With this funding, we will accelerate our scale with large enterprise clients and deepen our global reach. We are delighted to welcome new institutional partners like Investinor and Idékapital as we build the world’s leading B2B payments platform.”

Kristian Øvsthus, Managing Partner at Idékapital, said,  “Two’s founding team brings extraordinary ambition and a clear vision for solving a complex, global challenge. Their modular technology and sharp focus on network effects position them as a clear leader in this rapidly evolving space. We believe Two has the talent, technology, and traction to define the future of B2B payments on a global scale.”

Mo Koyfman, Founder & General Partner at Shine Capital, said, “The B2B payments market, nearing $100 trillion in annual volume remains largely manual and inefficient. Just as we witnessed a transformation in consumer payments, B2B is now poised for a digital revolution. Two’s instant underwriting, embedded terms, and cross-border capabilities are exactly what businesses need to modernise operations and unlock growth.”

With momentum accelerating and payment volumes and revenue both projected to grow over 150% year-over-year in 2025, Two is poised to play a defining role in the global shift towards fully digitised, customer-centric B2B payments. As new markets come online and enterprise demand grows, Two remains focused on delivering frictionless, secure, and scalable solutions that empower businesses to trade with confidence in the digital age.