Sprinque provides a white-label pay-by-invoice solution that merchants can embed via API plugins (Magento, Prestashop, WooCommerce). The platform performs instant fraud and credit risk assessments (reported +90% approval rate) and issues revolving credit lines buyers can use for multiple purchases. Sprinque takes on defaults and fraud risk and pays merchants when the final invoice is issued, automating the end-to-end pay-by-invoice process. Its offering is positioned to raise conversion and retention for B2B e-commerce sellers. The company cites strong market tailwinds as B2B payments topped an estimated $900 billion in 2021 and are forecast to exceed $1.6 trillion by 2028. Reported plans include further expansion of the pay-by-invoice solution across Europe and in core merchant markets of Germany, Spain, and the Netherlands. Sprinque provides a white-labeled B2B payments platform that lets merchants and marketplaces offer Pay by Invoice with net payment terms online without taking on additional risk or increasing operational overhead. On the buyer end the platform performs real-time fraud and credit risk assessments and achieves a +95% approval rate when buyers create accounts or select Pay by Invoice at checkout. When approved, Sprinque issues a revolving credit line that buyers can use for multiple purchases and pays the merchant when the final invoice is issued, assuming the default risk. The solution can be fully embedded via APIs and through Magento, Prestashop and WooCommerce plugins, or operated offline via a Merchant Control Center. The company is led by CTO Manoj Tutika, CPO Mark Holleman, and CEO Juan Espinosa. Sprinque intends to use the new funding to expand its Pay by Invoice solution across Europe. Sprinque offers a digital checkout infrastructure that aims to make B2B transactions as frictionless as consumer e‑commerce, delivered as a single‑integration SaaS. Its checkout supports business-specific options such as net 30/60/90 terms, split payments, milestone payments and Pay by Bank. The platform automates payment workflows and includes an option for merchants to get instantly paid. The team positions the product to serve B2B marketplaces and merchants moving to digital channels, citing rapid marketplace growth in Europe. Sprinque was founded in 2021 by Juan Espinosa (CEO), Manoj Tutika (CTO) and Mark Holleman (CPO), who met at Antler Amsterdam. The company has a waiting list of prospective clients and plans to use the funding to build out the product and onboard those first customers.

Total raised

$30M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Jun 2023