Sprinque expands to Germany and Spain
Dutch B2B payments provider Sprinque is announcing its launch in Germany and Spain with new offices in those countries. The company wants to eventually offer its payments platform to the complete European market.
Sprinque is a B2B payments platform that was founded in the Netherlands in 2021. Through the platform, sellers can give international buyers payment flexibility, while Sprinque handles risk management, financial operations and dunning.
Sprinque offers buyers flexibility, and helps B2B companies grow cross-border.
Sellers can embed the solution through APIs or ecommerce plugins. It can also be used for transactions from offline sales channels. According to the company, the solution helps B2B sellers grow internationally across Europe.
€26 million capital injection
Earlier this year, the payments provider secured 6 million euros in a seed funding round. Additionally, it obtained a credit facility of 20 million euros. The credit facility enables the company to finance transactions that are worth a total of 200 million euros per year.
Expansion in Europe
The funding also enables Sprinque to expand internationally. It is now opening offices in Berlin and Madrid. It wants to expand further across Europe and solidify an alternative financing model. Its platform does that by expanding the liquidity capacity of companies, while managing payments and carrying our international transactions.
‘B2B commerce has seen very little innovation over the last century.’
“Our mission is to enable merchants to use credit and payments as a strategic tool to build a thriving, cross-border business. The challenge ahead is enormous. B2B commerce, payments and credit have seen very little innovation over the last century”, says Juan Espinosa, co-founder and CEO of Sprinque.