Latest news with #ShineCapital
Finextra
5 days ago
- Business
- Finextra
Two raises €13m to scale B2B payments
Two Funding has reached €13 million, led by Idékapital and Shine Capital, with participation from new investor Investinor and existing backers Antler, Sequoia Capital, Alliance Ventures, Arkwright, and Local Globe. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This brings Two's total funding to over €40 million to date. The fintech company based in Norway helps businesses offer flexible payment terms. The new money will help it speed up the development of its products, the onboarding of merchants, and its reach around the world. The fresh investment will fuel Two's expansion into the US and select Western European markets. Less than three months after its official launch in the US, the market already represents more than 20% of total revenue for the company. The funding will also support further development of Two's fully productised B2B payments infrastructure, which includes its proprietary risk engines, Frida and Delphi, an end-to-end business onboarding solution and embedded deferred payment capabilities tailored specifically for business transactions, already deployed by over 200 of merchants across the Nordics and Europe. Founded in 2021, Two was created with a bold mission of making B2B transactions as seamless as consumer checkouts. Its platform offers instant upfront payments to sellers, flexible net terms for buyers, and AI-powered fraud prevention. With rapid adoption across both large enterprises and SMEs, Two's infrastructure has already become the go-to standard for B2B commerce in Northern Europe. With this funding, Two wants to improve its credit decision engine, make integrations stronger, and work with more suppliers around the world. The latest round comes amid accelerating momentum for the company, with both revenue and payment volume projected to grow more than 150% year-over-year in 2025. Two has also entered into major partnerships with Visa, ABN AMRO, Qliro, Avarda, and Wikinggruppen over the past six months. The company is riding the broader wave of digitisation in B2B payments, as businesses seek modern, scalable infrastructure to replace fragmented and manual processes, much like the shift that occurred in consumer fintech over the past decade. Demand for flexible B2B payment terms is surging. According to Allianz Trade, 95% of B2B buyers now prefer to pay per invoice, yet fewer than 10% of sellers are equipped to offer it online. With the B2B e-commerce market expected to double to $48 trillion by 2030 – making it six times the size of the B2C market – the need for embedded, scalable, and credit-insured payment infrastructure has never been more urgent. Two's advanced underwriting technology and growing global presence position it to lead this transformation and meet the evolving expectations of modern business buyers. Andreas Mjelde, CEO & co-founder of Two, said: 'We are the 'Two' in B2B, and we're on a mission to make selling on net terms as easy as accepting card payments. We've proven that merchants want flexible payment solutions built for how businesses actually buy, not just consumer tools rebranded for B2B. We will leverage the capital injection to scale with large and global enterprise businesses, and we're excited to add strong institutional investors with a long-term investment horizon like Investinor and Idékapital to the team.' Kristian Øvsthus, Managing Partner at Idékapital – who will serve as a board observer, added: 'We invested in Two because of the exceptional ambition and talent of the founding team. With deep international experience and a diverse, world-class team, they are uniquely positioned to scale globally. B2B payments is a massive and still largely untapped market. Two stands out through their combination of a powerful and modular software, deep understanding of the network effects in their industry and their dedication to solving a big problem. We believe they have what it takes to build a global category leader.' Mo Koyfman, Founder & General Partner at Shine Capital, noted: 'The B2B payments market is approaching $100 trillion in volume, and is largely still processed with checks by Accounts Payable departments. Over the coming years, as we've increasingly seen with consumer payments, this market will also digitise. Two, and its experienced, ambitious team, is helping lead this transition with instant underwriting, seamless terms, and a global footprint, serving some of the largest companies in the world.' Egil Garberg, Investment Director at Investinor, said: 'Two is proving that B2B payments don't need to lag behind consumer solutions. They're tackling an underserved market with a world-class team and scalable technology. Together with Sequoia, Shine Capital, Idékapital, and Antler, we're proud to back Two as they build the next global standout fintech success from Norway.' Mathias Owing Maanum, Partner at Antler, said 'B2B payments remain one of the largest untapped opportunities in fintech – trillions in volume still move through manual processes, with poor UX and limited access to credit. Two's platform is at the forefront, making it as simple to offer instant net terms as it is to accept a card from consumers. What sets Two apart is their real-time underwriting engine, unique banking partnerships, and proven ability to scale rapidly – already serving more than 200 merchants across Europe. We believe they're building the foundational infrastructure for the next era of global B2B commerce, and we're proud to continue supporting this exceptional team as they realise their bold vision.' This new round of Two Funding is a big step forward for the company's global growth and will help it change the way B2B payments are made.
Associated Press
10-04-2025
- Business
- Associated Press
Bliss Aesthetics ('Bliss') Secures $17.5 Million Seed Round to Launch AI-Powered Platform Connecting Patients with Board-Certified Plastic Surgeons
The AI-powered concierge for both patients and their physicians improves conversion rates by up to 40% using GenAI and computer vision models NEW YORK and TEL AVIV, Israel , April 10, 2025 /PRNewswire/ -- Bliss Aesthetics ('Bliss'), an AI-driven platform for cosmetic enhancement, announced its $17.5 million seed funding round to grow the platform amid a rapidly evolving cosmetic procedure market estimated to climb to $200 billion in revenue within 10 years. Shine Capital led the financing, followed by Synchrony Ventures, Sheva Ventures, Point72 Ventures, and Cerca Partners. 25% of Americans have undergone a medical aesthetic procedure, and this is expected to skyrocket by 55% among American men. Using GenAI, Stable Diffusion, and computer vision models, Bliss' platform meets a pressing need by allowing patients to realistically visualize their cosmetic enhancements and select a board-certified physician who meets their expectations. The platform also provides information about potential financing partners to create a seamless experience from start to finish. Further, the platform improves patient engagement from 40% to 80%, allowing doctors to focus on their craft and scale their businesses effortlessly. 'This funding will give us the ability to harness the momentum we are experiencing, building on the 500% growth of our provider base in our patient-to-physician app since our launch while expanding to five new states across the country,' said Gal Yosef, Bliss' Co-Founder and CEO. 'By combining intelligent matchmaking with AI tools, we equip patients to make informed, confident, and financially savvy decisions and give doctors the ability to deliver better outcomes to more patients with less administrative burden.' Celebrity doctor and board-certified plastic surgeon Dr. Michael Salzhauer, also known as Dr. Miami, who co-founded the platform and serves as Chief Medical Officer, added, 'Through working firsthand in the industry, I've seen the need for a seamless consumer platform like Bliss. For physicians, the next-generation platform streamlines patient management and positions surgeons to deliver more precise patient outcomes and improve satisfaction. It's simply a game changer for cosmetic and plastic surgery.' 'From the moment we met Gal and the Bliss team, we recognized that they had identified a massive market need - for physicians and their patients,' said Mo Koyfman, Founder and General Partner at Shine Capital. 'We love investing in areas undergoing a radical shift in consumer perceptions and behavior. Cosmetic surgery is an area driven by demographics, and building technology tools to serve patients and providers helps the market develop while ensuring the highest-quality experience. Gal and the Bliss team are poised to create a category-defining technology platform and marketplace in this highly personal and massively growing space.' 'Synchrony knows from experience with our own CareCredit network of providers that transparency and access to information is key in the health and wellness industry,' said Maran Nalluswami, EVP and Chief Strategy and Business Development Officer at Synchrony. 'This investment is a natural fit for us to support digital innovations that connect patients with knowledge and the ability to finance the care they want and need.' The Bliss Aesthetics platform is available to patients across Florida, Texas, Illinois, Arizona, Michigan, and North Carolina. About Bliss Aesthetics Bliss is the first system of intelligence for cosmetic enhancement. By combining an AI-powered decision engine with intelligent matchmaking and 24/7 customer assistance, Bliss equips patients to make informed, confident decisions and gives surgeons the tools to serve their patients better while having more time to focus on performing procedures. To learn more, visit
