Key Data

• Trading Name: Sprinque
• Legal Entity: Sprinque B.V.
• Activities: B2B payment platform
• Location: Netherlands
• Regulations: none
• Key People: Juan Espinosa (Linkedin), Manoj Tutika (Linkedin), and Mark Holleman (Linkedin)
  

Sprinque is a B2B cross-border payments platform that offers flexible payment options to international buyers, allowing them to pay by invoice with net payment terms, regardless of their location. It helps businesses win and service buyers all over Europe and the USA without taking additional risk. The platform offers a range of features, including flexible payment options, instant payment, global coverage, white-label support, complete localization, edge-case readiness, and universal platform access

Offering

Sprinque offers B2B merchants a solution that helps up both conversion and retention numbers by mitigating risk by taking on all defaults and fraud risk, as well as automating the end-to-end process of offering pay by invoice with net payment terms at scale.

Sprinque provides a range of features, including:

• Flexible payment options: Buyers can pay with net payment terms (7-90 days) or in installments, regardless of their location.
• Instant payment: Businesses get paid upfront, eliminating all risk and the need to chase late payments.
• Global coverage: Sprinque services buyers in Europe and beyond to standardize and improve the payments experience across all active markets.
• White-label support: Sprinque understands the value of building trust with buyers, so businesses can maintain their relationship with their customers.
• Complete localization: Sprinque dynamically localizes language, IBANs, and currencies to make buyers feel comfortable purchasing from businesses and establish trust.
• Edge-case ready: Sprinque is ready for the complexities of B2B purchasing, including partial refunds, multi-currency collections, and changes to invoice amounts mid-order.
• Universal platform access: The platform is available via plug-in, API, or offline sales flows.

Fees

not given

Industries

Low Risk

E-Commerce

Regulation

It is important to note that Sprinque operates without specific regulatory oversight. This lack of regulatory oversight has raised concerns about the level of compliance and consumer protection measures in place.

People

Juan Espinosa (Linkedin), Manoj Tutika (Linkedin), and Mark Holleman (Linkedin) have founded Sprinque in Amsterdam in 2021.

Customer review

Google: 5 stars with 1 Review

News

In June 2023 Sprinque has raised a fresh €20 million in debt funding via Avellinia Capital. According to the company, the capital will be used to further expand its pay-by-invoice solution throughout Europe with an ability to finance up to €200 million in transactions per year.

Conclusion

We could not find anything negative around Sprinque and all relevant compliance information are given, but due to the low customer reviews and a missing license we rate the provider on ORANGE.