Two, an Oslo, Norway-based B2B payments platform provider, raised €13M in Funding.
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 Local Globe.
The company intends to use the funds to support its expansion into the US and select Western European markets.
Founded in 2021 and led by CEO Andreas Mjelde, Two offers instant upfront payments to sellers, flexible net terms for buyers, and AI-powered fraud prevention. Its B2B payments infrastructure includes its proprietary risk engines, Frida and Delphi, an end-to-end business onboarding solution and embedded deferred payment capabilities used specifically for business transactions, already deployed by over 200 of merchants across the Nordics and Europe.
The company has a diverse team spread across 15 countries and offices in Oslo, Stockholm, Glasgow, London, as well as collaborations with financial institutions such as Allianz, Santander and ABN AMRO.
The raise brought the total amount to $40M.
FinSMEs
11/07/2025