Sprinque is a B2B payments platform that enables merchants to offer flexible payment options, such as Net Payment Terms and installment plans, to international buyers while ensuring sellers receive instant payment. This approach eliminates the risks of late payments and cash flow issues, allowing businesses to focus on growth without the burden of payment-related administration.
Funding
$30M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CAKVMR+1Founders
Product
Problem
Many B2B merchants face challenges in offering flexible payment terms to international buyers, leading to lost sales and increased administrative burden. Managing credit risk, chasing late payments, and dealing with multi-currency collections can strain resources and hinder global expansion.
Solution
Sprinque provides a B2B payments platform that enables merchants to offer Net Payment Terms and installment plans to international buyers while ensuring instant payment to the seller. The platform eliminates credit and fraud risk for the seller, as Sprinque takes on the responsibility of managing buyer credit and collections. Sprinque's solution is available via API, e-commerce plugins, or a merchant control center, allowing integration into various sales channels. By localizing language, IBANs, and currencies, Sprinque creates a seamless payment experience for buyers, fostering trust and encouraging repeat purchases.
Target Audience
Sprinque targets B2B merchants looking to expand their international reach by offering flexible payment options to business buyers.
Features
- Instant payment to sellers, eliminating late payment risk and improving cash flow
- Flexible payment options for buyers, including Net Payment Terms (7-90 days) and installment plans
- Global coverage, servicing buyers across Europe and beyond
- White-label support, maintaining the seller's brand identity and customer relationships
- Complete localization, dynamically adjusting language, IBANs, and currencies
- Support for partial refunds and multi-currency collections
- ISO/IEC 27001 certification, ensuring high standards in information security