European B2B payments platform Sprinque has raised a €6 million funding round led by Connect Ventures, with participation from Kraken Ventures, Inference Partners and SeedX. Existing investors Antler, Volta Ventures and Force Over Mass also participated in the round.
Sprinque’s B2B payment platform allows merchants and marketplaces to offer invoice payments with clear payment terms to online shoppers without incurring additional risk or increasing operational costs. Sprinque is a white-label solution that can be fully integrated through their API, Magento plugin, Prestashop and WooCommerce, or works offline through their Seller Control Center.
“Sprinque has been built to enable merchants and marketplaces to offer Pay by Invoice with payment terms in the most seamless way possible for the most ambitious merchants,”
Juan Espinosa, Co-Founder, and CEO.
“Sprinque’s founding team has a deep understanding of B2B commerce and how to help their customers improve conversion, retention, and cash flow. They recognize that a B2C-style BNPL payment method does not translate into a B2B context, so instead they are building a differentiated product designed specifically for the breadth and complexity of B2B commerce,”
Rory Stirling, General Partner at Connect Ventures.
Sprinque’s buyer range covers much of Europe to enable frictionless cross-border e-commerce. It initially targeted merchants in the Netherlands, Spain, and Germany, but is looking to quickly expand to other countries.
The latest investment will be used to expand further into European markets and develop functionality beyond the Billing product, as well as develop risk-sharing and all-management solutions. both merchant and venue payment flows in the B2B marketplace.
“In our quest to find the next big winner in B2B payments, Sprinque’s management continued to impress us with their complementarity skills and executional strength. We could not be more excited to double down on our investment and help the company unlock this multi-trillion opportunity.”
Thibault D’hondt, Principal, Force Over Mass.