Nordic fintech Two collaborates with Dutch banking platform ABN AMRO to enhance B2B e-commerce payments.
Two, a European enabler of B2B payments technology today announces a strategic collaboration with ABN AMRO (abnamro.com), a leading financial institution in the Netherlands.
Together, they are reportedly launching a “Pay on Invoice” solution, which is designed to bring secure, as well as flexible payment options to B2B e-commerce transactions.
Businesses are now able to offer 30-day net terms on purchases at the click of a button, enabling cash flow management and financial flexibility.
This collab combines Norway-founded Two’s platform and advanced decisioning models with ABN AMRO’s extensive financial expertise and capabilities to deliver a solution for SMEs as well as large enterprises.
Powered by Two’s internationally tech, ABN AMRO will offer a quick, reliable “Pay Later” solution tailored to meet the demands of the rapidly growing digital B2B commerce sector.
Initially, the solution will be available to ABN AMRO business clients in the Netherlands, with plans for a “broader roll-out in the future.”
Key benefits of the solution:
- Cash Flow Management: Businesses gain the flexibility of deferring payments for up to 30 days, allowing for improved budgeting and operational efficiency.
- Security and Trust: Integrating ABN AMRO’s financial infrastructure with Two’s secure technology ensures reliable, risk-mitigated transactions.
- Scalable Processes: Designed to minimise administrative work, the solution can adapt to businesses of all sizes, from SMEs to large corporations.
Andreas Mjelde, CEO of Two said:
“Companies are accustomed to paying in 14 or 30 days, and the service we offer lets business buyers maintain their payment habits when buying online, with no extra steps. Through our collaboration, we can now provide SMEs with a state-of-the-art payment solution that enables both sellers and buyers to manage cash flow with greater accuracy and confidence. ABN AMRO is committed to supporting the growth of businesses with innovative financial services.”
Marc Baan, Head of Strategy & Innovation a.i. at ABN AMRO said:
“Our collaboration with Two allows us to offer a fast, secure, and efficient net terms option that empowers our clients to thrive in a digital-first economy.”
This update comes after an €18 million Series A round last year – led by Shine Capital and Antler, with participation from the following entities: Sequoia Capital, Day One Ventures, Alumni Ventures, LocalGlobe,
The Visionaries Club, Alliance VC and others – which was used to “further Two’s expansion in the UK and the Nordics, as well as launch into new markets across Europe.”