# Two AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/two

- Industry: Financial Services
- Headquarters: Oslo, Norway
- Website: www.two.inc/
- Total disclosed funding: $36M
- Latest round: Series A (Jul 2, 2025)
- Investors on record: 14

## About

Based in Norway, and founded in 2020 by its CEO, Andreas Mjelde, and co-founders Joachim Krüger, Stavros Tamvakakis, Edward Brandler, and Kiran Thomas, Two AS operates as a fintech company that offers a B2B payment suite for business-to-business transactions. As of April 2023, the company consists of more than 70 members from 15 countries with 20 nationalities. Two AS provides a complete suite of products, including Buy Now, Pay Later solutions for B2B customers, Trade Account, E-commerce Checkout, and Order Creator. The company allows businesses to offer interest-free trade credit to their customers and handles credit and fraud risks. The firm’s technology integrates with the client’s existing sign-up process and also does verification and sets a credit limit based on the credit score. In addition, the company offers trade credit for the offline and online sales of its customers to improve business-to-business sales. The company plans to use the series A funding to transform B2B payments through digitalization. In July 2025, Two AS raised EUR 13 million in funding co-led by Idekapital and Shine Capital, with participation from Investinor, Alliance Venture, Antler, Arkwright X AS, LocalGlobe, and Sequoia Capital. The company plans to utilize the July 2025 funding to expand operations in US and Western Europe, increase development of business-to-business payments infrastructure, and grow adoption of proprietary risk engines and onboarding systems.

## Funding rounds

- Series A, Jul 2, 2025, $15M — Hong Shan, Alliance Venture, Investinor, LocalGlobe, Antler, Idekapital, Arkwright X, Shine Capital
- Series A, Apr 1, 2024 — Idekapital
- Series A, Oct 4, 2022, $18M — Hong Shan, Alliance Venture, Alumni Ventures Group, LocalGlobe, Day One Ventures, Antler, Visionaries Club, Shine Capital
- Seed, Feb 11, 2021, $3M — Hong Shan, LocalGlobe, First Partners Holding 5, Visionaries Club, Bring Ventures, nFront Ventures

## Investors

- Hong Shan — Seed, Series A
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed, Series A
- First Partners Holding 5 — Seed
- Visionaries Club (https://capitalatlas.ai/funds/visionaries-club) — Seed, Series A
- Bring Ventures (https://capitalatlas.ai/funds/bring-ventures) — Seed
- nFront Ventures (https://capitalatlas.ai/funds/nfront-ventures) — Seed
- Alliance Venture (https://capitalatlas.ai/funds/alliance-venture) — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- Day One Ventures (https://capitalatlas.ai/funds/day-one-ventures) — Series A
- Antler (https://capitalatlas.ai/funds/antler) — Series A
- Shine Capital — Series A
- Idekapital (https://capitalatlas.ai/funds/idekapital) — Series A
- Investinor (https://capitalatlas.ai/funds/investinor) — Series A
- Arkwright X (https://capitalatlas.ai/funds/arkwright-x) — Series A