Sprinque expands cross-border B2B payments platform in Germany and Spain

Tuesday 12 September 2023 14:44 CET | News

Netherlands-based payment service provider Sprinque has opened new offices in Germany and Spain, further tapping into the European B2B payment market.


Sprinque has opened new offices in Germany and Spain, further tapping into the European B2B payment market.

International transactions without different suppliers

The Sprinque B2B payment platform, founded in Amsterdam in 2021, is expanding to Germany and Spain with the goal of conquering the European market and solidifying an alternative financing model, capable of mitigating delays, expanding the liquidity capacity of companies, managing payments, and carrying out international transactions.

The company aims to enable merchants to use credit and payments as a strategic tool to build a thriving, cross-border business. The journey is expected to not lack difficulties, as B2B commerce, payments, and credit have seen little innovation over the last century.

Officials from Avellinia Capital, an investor in Sprinque, said the B2B commerce sector is becoming more digitised. Yet, it lacks to offer business clients flexible and convenient payment options, which dampens the possibility of international transactions and growth. Avellinia Capital believes that Sprinque will become a prominent B2B provider in the payment sector and is happy to accompany them on their journey.

Flexible payment solutions and risk management for B2B transactions

Sprinque enables sellers the ability to embed their solutions via APIs, ecommerce plugins (Magento, Prestashop, and WooCommerce, for example), and to utilise their services for transactions that originate via offline sales channels. When a buyer selects the pay-by-invoice option, Sprinque performs an instant fraud and credit risk assessment (with a +95% approval rate).

Once approved, a revolving credit line is issued, one that buyers can use for multiple purchases. Sprinque owns all default and fraud risk for approved buyers and offers the sellers the ability to decide when they get their funds for the transactions. B2B sellers can leverage this service across the whole of Europe and grow internationally. Sprinque is initially targeting merchants in the Netherlands, Spain, and Germany, but is looking to expand to other countries quickly.

What does Sprinque do?

Sprinque is a B2B payment platform that enables merchants and marketplaces to trade seamlessly with business customers across Europe by inserting trust at first order. Sellers can conveniently service international buyers by giving them the payment flexibility they need to complete the transaction while risk management, financial operations, and dunning are handled by Sprinque. This allows sellers to grow safely across Europe and beyond in a digital world.

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Keywords: B2B payments, cross-border payments, merchants, risk management, expansion
Categories: Payments & Commerce
Companies: Sprinque
Countries: Germany, Spain
This article is part of category

Payments & Commerce


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