Two is thrilled to announce a new partnership with tech-driven global alternative credit asset manager Viola Credit, a leader in financial support and services. This collaboration marks a significant milestone in Two's mission to revolutionise business-to-business transactions on a global scale.
Revolutionising B2B Payments through Strategic Collaboration
This partnership introduces a specialised debt facility of €150 million, closed in late 2023, with Viola Credit acting as the senior lender. This move will expand the reach of Two’s B2B BNPL services, allowing global B2B to benefit from our best-in-class offering. The strategic collaboration, combined with our ongoing partnerships with Santander and Allianz, positions Two to substantially support enterprise-level merchants.
A Milestone in Transaction Capacity
With the support of Viola Credit, Two is set to scale its operations worldwide, significantly impacting the B2B payments landscape. This partnership enables Two to handle 1.8 billion EUR of transactions annually. This flexibility ensures that Two remains a versatile and reliable partner for merchants of various scales.
Ido Vigdor, Managing Partner at Viola Credit commented about the partnership, saying: “We’re excited to partner with the seasoned team at Two on their mission to consumarise global B2B payments, and happy to deepen our footprint into Norway’s dynamic and growing FinTech landscape.
Two’s expertise in B2B payments and its cross border frictionless B2B platform is pivotal for transforming business to business transactions across Europe and beyond. This partnership will enable Two to realise its vision of addressing the complexities in the B2B segment and will enable its next phase of growth.”
Two CEO Andreas Mjelde also commented, adding: “We are thrilled to have secured the capital we need to scale up for the coming couple of years, and it is a pleasure to partner with Viola, which perhaps understands B2B payments the best out of all alternative lenders globally.”
About Viola Credit
Viola Credit is a global credit alternative asset manager, providing cutting-edge, flexible, and tailored credit solutions for global technology companies to support growth through two main credit offerings: Growth Lending & Fintech Lending.
With over 22 years of experience, Viola Credit currently manages over $1.5B in various businesses across multiple stages and geographies.
