Two, a European B2B payments technology provider, is joining forces with ABN AMRO, a financial institution based in the Netherlands, to launch a new ‘Pay on Invoice’ solution, bringing flexible payment options to B2B e-commerce transactions.
Powered by technology from Two, ABN AMRO plans to offer a reliable ‘Pay Later’ solution tailored to meet growing demands in the B2B commerce sector. The solution will be initially available to ABN AMRO business clients in the Netherlands, with plans to expand the product’s reach in the near future.
Combining Two’s platform and decisioning models with ABN AMRO’s financial expertise and capabilities to deliver a solution for SMEs and large enterprises, the two entities are enabling businesses to offer 30-day net terms on purchases, enabling better cash flow management and financial flexibility.
Designed to minimise administrative work, the solution aims to adapt to businesses of all sizes, while ensuring reliable, risk-mitigated transactions.
Andreas Mjelde, CEO of Two
“At Two, we are dedicated to simplifying B2B transactions, and this collaboration with ABN AMRO represents a significant milestone in making online payment terms widely accessible to businesses,” said Andreas Mjelde, CEO of Two. “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,” added Marc Baan, head of strategy and innovation a.i. at ABN AMRO. “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 announcement follows an €18million Series A funding round last year, led by Shine Capital and Antler, which was used to further Two’s expansion in the UK and the Nordics, as well as launch into new markets across Europe.
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