Nordic fintech Two and Dutch banking giant ABN AMRO are teaming up to transform B2B e-commerce payments with the launch of an innovative ‘Pay on Invoice’ solution.
Nordic fintech Two has joined forces with ABN AMRO, one of the Netherlands’ leading banks, to launch a “Pay on Invoice” solution aimed at streamlining B2B e-commerce transactions. The collaboration introduces a digital payment method that allows businesses to offer net 30-day payment terms seamlessly, enhancing cash flow management and operational efficiency.
Andreas Mjelde, CEO of Two, described the collaboration as a pivotal step in simplifying B2B payments.
“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,” said Mjelde.
The partnership leverages Two’s advanced B2B payments platform and decisioning models, alongside ABN AMRO’s financial expertise, to deliver a solution tailored for small and medium-sized enterprises (SMEs) as well as larger corporations. The offering enables businesses to defer payments for up to 30 days with a simple digital process, aligning with existing purchasing habits in a secure and reliable manner.
Marc Baan, Head of Strategy & Innovation (a.i.) at ABN AMRO, highlighted the bank’s focus on innovation, stating that the “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. ABN AMRO is committed to supporting the growth of businesses with innovative financial services.”
Initially, the “Pay on Invoice” solution will be available to ABN AMRO’s business clients in the Netherlands, with plans for future expansion.
Key features of the solution:
- Cash Flow Flexibility: Businesses can defer payments by up to 30 days, improving budgeting and liquidity.
- Security and Trust: Integration of ABN AMRO’s financial infrastructure with Two’s technology ensures robust risk management.
- Efficiency and Scalability: Designed to minimise administrative burdens and cater to organisations of all sizes.
The announcement follows Two’s successful €18 million Series A funding round in 2023, which supported its expansion across the UK, Nordics, and new European markets.
