Amsterdam-based Sprinque, a flexible payments platform for local and cross-border B2B transactions, announced on Tuesday that it has expanded its operation to Germany and Spain with offices in Berlin and Madrid.
The Dutch company has appointed veterans of the FinTech and BNPL industry, Mikko Riikkinen and Jaime de Wenetz, as Country Managers.
The announcement comes three months after securing a €20M debt facility from Avellinia Capital, enabling them to finance approximately €200M in transactions annually.
The expansion strategy aims to strengthen an alternative financing model, which can reduce delays, increase companies’ liquidity, manage payments, and conduct international transactions while providing buyers with the best B2B payment experience.