This Sequoia-backed startup bringing a form of buy now, pay later to B2B payments just raised $19.3 million. Check out the 10-slide pitch deck Two used to land the funds.
Sequoia-backed payments startup Two just raised $19.3 million in a Series A round.Check out the 10-slide pitch deck Two used to land the fresh cash below.
The B2B payment sector has been much slower to innovate than its consumer counterpart. In part, this is due to a considerable amount of corporate transactions taking place offline with merchants sending manual invoices for payments and then waiting for settlement that can often take as long as 90 days.
Two's solution is to effectively offer a form of buy now, pay later for B2B payments to both small and medium-sized businesses and multinational corporations. The company provides credit and fraud underwriting while also overseeing the receivables and collection process.
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