About Two
Two is a Financial Services company based in Oslo (Norway) founded in 2020 by Andreas Mjelde, Edward Brandler, and Kiran Thomas. It operates as a buy now pay later financing is offered to e-commerce customers. It operates in the Financial Services and Retail sectors. Two has raised $48.03 million across 4 funding rounds from investors including Shine Capital, Antler and Sequoia Capital. Its chief executive is Andreas Mjelde. Its website two.inc draws about 64 thousand monthly visits. Two offers products and services including Online Net Terms, Direct Sales Tool, In-store Payment Solution, and Fraud Engine. Its focus areas include E-Commerce Enablers, Ecommerce Software Suite, B2B E-Commerce and Technology Enablers. Its competitors include BigCommerce, Unicommerce, NowFloats, Vinculum Solutions and Shopalyst and 3 more; 6 of its 8 listed competitors have raised funding.
Company details
Two was established in 2020 in Oslo, Norway, as a provider of point-of-sale financing for e-commerce operations. Services include buy now pay later options, KYC verification, customer onboarding, and customized payment terms based on user profiles. Automated checkout rules are also implemented to support business integrations. The focus remains on enabling flexible payment solutions within the fintech sector.
- Annual Revenue$3.95 K (USD)0as on Dec 31, 2021
- Net Profit-$1.35 M (USD)0as on Dec 31, 2021
- EBITDA-$1.16 M (USD)0as on Dec 31, 2021
- Total Equity Funding$48.03M (USD)
in 4 rounds
- Latest Funding Round$15.23M (USD), Series A
Jul 2025
- InvestorsShine Capital
& 10 more
Products & Services of Two
Two offers a comprehensive portfolio of products and services, including Online Net Terms, Direct Sales Tool, In-store Payment Solution, and Fraud Engine.
Enables net terms for webstore B2B sales to boost revenue.
Automates credit offers for faster direct sales transactions.
Provides secure B2B purchasing with instant credit decisions.
Detects and prevents fraud in B2B transactions using AI.
Funding Insights of Two
Two has successfully raised a total of $48.03M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $15.23 million completed in July 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $48.03M
- Total Rounds 4
- Last Round Series A — $15.23M
- First Round $2.86M
(Feb 2021)
- Investors Count 11
All 4 funding rounds of Two with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2025 | $15.23M | Series A | – | Idekapital, Shine Capital | |
| Mar 2023 | $19.25M | Series A | – | Shine Capital, Antler | |
| Jun 2022 | $10.7M | Series A | – | – | – |
| Feb 2021 | $2.86M | Seed | – | Sequoia Capital |
11 investors in total: 11 institutional.
Investors in Two
Two has secured backing from 11 investors, including venture fund investors. Prominent investors backing the company include Shine Capital, Antler and Sequoia Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments are made by Shine Capital. | – | shine.vc | New York, United States | |
Early-stage investing and founder support services are offered globally by Antler. | 2018 | antler.co | - | |
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | - | |
Early-stage venture capital firm investing in and supporting technology startups | – | dayoneventures.com | San Francisco, United States | |
Venture capital investing and portfolio management services for accredited investors. | – | av.vc | - | |
Venture capital firm focused on seed-stage investments | – | localglobe.vc | London, United Kingdom | |
Visionaries Club is engaged in venture capital investments for B2B tech startups. | – | visionaries.vc | Berlin, Germany | |
Venture capital firm focused on early-stage tech companies | – | alliance.vc | Oslo, Norway | |
Venture capital funding is provided to Norwegian tech companies. | – | idek.no | Oslo, Norway | |
- | – | investinor.no | - |
Investor details for Two
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Two
28 people are tracked at Two (13 in leadership, 15 in team).
| Name | Role | Group |
|---|---|---|
Andreas Mjelde | Co-Founder & CEO | Leadership |
Edward Brandler | Co-Founder | Leadership |
Kiran Thomas | Co-Founder | Leadership |
Joachim Kruger | CTO & co-Founder | Leadership |
Timo Niinivaara | Chief Commercial Officer (cco) | Leadership |
Douglas Lindsay | Vice President Of Engineering And Cybersecurity | Leadership |
Marina Theodosiou | Chief Data Scientist | Leadership |
Natalia Batishcheva | Data Director | Leadership |
Stavros Tamvakakis | Co-Founder, Finance & Operations | Leadership |
Bob Kenney | Director of Engineering at Two | Leadership |
Ivar Lyngedal | Head of Operations | Leadership |
Shlomi Zifroni | Director Of Finance | Leadership |
Daniel Remenyfy | Head Of Product, Payments & Financial Systems | Leadership |
Jake Rivett | Senior Software Engineer | Team |
Salman Habib | Integration Engineer | Team |
Ahmed Aly, MSc | Senior Data Scientist | Team |
Simon Paroutzoglou | Expansion Manager | Team |
William Tjarnlund | Business Development | Team |
Petter S. | Expansion Manager | Team |
James Edwards | Staff Software Engineer | Team |
8 more people are available in the full profile.
Complete people profiles for Two
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Timeline of Two
3 dated milestones of Two across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Two is founded.
- Funding First funding round of $2.9M.
- Funding Latest funding round, Series A, of $15.2M.
Competitors of Two
Two has 8 listed competitors in our database, 6 of them funded. They include BigCommerce, Unicommerce, NowFloats, Vinculum Solutions and Shopalyst, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bigcommerce.com | 2009 | Austin, United States | $233.45M | 1,321 | SaaS-based software suites for e-commerce operations are provided. | |
| unicommerce.com | 2012 | Gurugram, India | $11.14M | 229 | Provider of e-commerce enablement platform automating order processing, inventory, warehouse, and shipping | |
| nowfloats.com | 2012 | Hyderabad, India | $30.53M | 270 | Provider of SaaS platform for online website creation | |
| vinculumgroup.com | 2007 | Noida, India | $23.41M | 324 | Cloud-based end-to-end eCommerce and retail solutions are provided. | |
| shopalyst.com | 2014 | Fremont, United States | $2M | 91 | Suite solutions for e-commerce businesses are provided. | |
| unilogcorp.com | 1998 | Wayne, United States | – | 163 | B2B eCommerce platforms and product content services are provided. | |
| brikl.com | 2016 | Leuven, Belgium | $2.4M | 1 | 3D configurator and eCommerce solutions are offered for businesses. | |
| mengxiang.com | 2017 | Shanghai, China | – | – | Provider of eCommerce solution for businesses |
Detailed competitors of Two
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Two
The website of Two (two.inc) receives about 64K visits a month.
- Monthly visits64K
▼ 0.7% vs previous month
Websites whose visitors overlap most with Two. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| hokodo.co | 60% | 14.2K | #1,140,151 | View details |
Top companies in Alternative Lending
10 companies that operate in the same segment as Two (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | 1,487 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – |
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Related news about Two
Complete news archive for Two
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Frequently Asked Questions about Two
Two was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Two is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Andreas Mjelde is the current CEO of Two. They have also founded this company.
Two is a funded company, having raised a total of $48.03M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.86M, raised on Feb 2021.
Annual revenue of Two is $3.95K as on Dec 31, 2021.
Two was established in 2020 in Oslo, Norway, as a provider of point-of-sale financing for e-commerce operations. Services include buy now pay later options, KYC verification, customer onboarding, and customized payment terms based on user profiles. Automated checkout rules are also implemented to support business integrations. The focus remains on enabling flexible payment solutions within the fintech sector.
Two's top competitors include NowFloats, BigCommerce and Unilog.
Two offers Online Net Terms, Direct Sales Tool, In-store Payment Solution, and Fraud Engine.
Two has 11 investors. Key investors include Shine Capital, Antler, Sequoia Capital, Day One Ventures, and Alumni Ventures.