Digital Checkout Platform Sprinque Lands $2M From Investors

Amsterdam’s digital checkout platform Sprinque recently brought in €1.7 million (more than $2 million) in a fundraising round led by Volta Ventures, Force Over Mass, several angel investors and payments industry executives.

Sprinque’s SaaS solution features pay with net 30-, 60- and 90-day terms, split payments and pay on milestones. It also offers access to multiple payment methods, including Pay by Bank. The solution automates all customer payment workflows and enables merchants to receive instant payments.

“We’re experiencing the next tech wave, as B2B commerce is quickly migrating to digital channels, further accelerated by COVID-19,” said CEO Juan Espinosa. “There are now over 300 B2B marketplaces in Europe, and the majority have been founded in the past five years. But when it comes to B2B payments, everything still happens offline. At Sprinque, we are out to build a frictionless checkout infrastructure for digital B2B commerce. Our goal is simple: We want to help B2B marketplaces and merchants grow their business while reducing costs.”

Among the angel investors in Sprinque’s fundraising round are Gaston Aussems (ex-CEO, Mollie), Matt Robinson (founder, GoCardless), Charlie Delingpole (founder & CEO, ComplyAdvantage), Rainer Majcen (ex-CEO, finance BPO at Arvato Financial Solutions), Chris Adelsbach and Great Stuff Ventures.

The funding will allow Sprinque to build out their product and onboard new clients.

“The complementary skill set, brought together by Antler, is what makes this team of founders a great match for investors,” said Chief Product Officer Mark Holleman in the company announcement. “Volta understood the opportunity right from the start, and with Force Over Mass, we have partners experienced in the B2B and FinTech field and with an international portfolio.”

Related: Balance Rakes in $25M to Digitize B2B eCommerce Payments

Last month, B2B eCommerce payment platform Balance announced it raised $25 million in Series A funding in a round led by Ribbit Capital with participation from new investor Avid Ventures and existing investors Lightspeed Ventures, Stripe, Y Combinator Continuity Fund, SciFi VC and UpWest.

Other individual investors in Balance’s latest funding round include executives from Plaid, Coinbase, Square, Stripe and PayPal.