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To reinvent business credit and business-to-business payments.
Sprinque, based in Amsterdam, is a digital checkout platform for business transactions. It provides multiple payment methods, including Pay by Bank, allowing buyers to settle invoices flexibily using their online bank account or mobile bank app.
The e-commerce sector has seen a huge surge over the past few years with the ease and need of ordering online, and so creating a solution for businesses to pay for online purchases in a way that suits them is definitely an attractive offering. Compared to customer-centric payments, which has seen huge advances thanks to BNPL leaders such as Klarna and ClearPay, B2B payments has seen minimal innovation over the years. Sprinque hope to break that trend and become the leading market player in this space.
However, the company does face some the competition from firms like Nuvei and PayMaya, and so establishing themselves in this market could prove a challenge. Recent funding has enabled the company to underpin a vastly increased number of short term loans, as well as fueled expansion into Germany and Spain. It is now well poised to take advantage of the growing digitisation of the B2B payments space, and to build into a significant player in the market.
Freddie
Company Specialist at Welcome to the Jungle
Jan 2023
$6.4m
SEED
Aug 2022
$6.6m
SEED
Juan Espinosa
(CEO)Worked in enterprise business development and strategy roles at MessageBird and Antler prior to co-founding Sprinque.
Manoj Tutika
(CTO)Software engineering background having formerly founded Wise Economy.
Mark Holleman
(CPO)Worked in the financial solution services industry prior to Sprinque.