While consumers have enjoyed seamless digital payment experiences for years, businesses are still stuck with slow, manual invoice and credit processes. Today, we’re thrilled to announce our partnership with DNB, Norway’s largest bank, to change that. Together, we’re launching a Buy Now, Pay Later (BNPL) solution for businesses across the Nordics—combining DNB’s banking power with Two’s AI-driven payment technology to modernise B2B payments and set a new global standard.
Why B2B Payments need a rebuild
The partnership targets one of the most underdigitised corners of global finance: B2B payments. While consumers have enjoyed seamless digital payment experiences for years, most businesses still manage purchases through slow, manual invoice and credit processes. Globally, B2B payment volumes exceed $130+ trillion annually - roughly five times the size of consumer payments - yet up to 80% of SMB invoices are still processed by hand, costing an estimated $12–30 per invoice in administration alone.
Two and DNB are building the infrastructure to change that - starting in the Nordics, with a clear ambition to export the model internationally. By combining DNB’s banking infrastructure with Two’s AI technology, DNB can launch next-generation B2B payment solutions faster and with significantly lower technology and product risk than building in-house. DNB’s joining of Santander and ABN AMRO as a Two banking partner, signals that the world’s leading financial institutions are aligning behind Two’s technology as the emerging global standard for B2B BNPL. Businesses looking to modernise their B2B commerce can now access better liquidity and a seamless purchasing experience.
“The rails that global B2B commerce runs on are overdue for a rebuild”, said Andreas Mjelde, CEO & Co-Founder of Two. “That’s what Two is here to do - and partnering with DNB means we’re doing it with the full weight of Norway’s biggest bank behind us. Together we’re not just launching a product. We’re setting a new standard for how businesses trade.”
Per Kristian Næss Fladset, Group Executive Vice President at DNB adds “The B2B payments space is ripe for transformation, and Two has built the technology to lead it. This partnership lets DNB deliver a genuinely modern payment experience to our business customers - faster, smarter, and more flexible than anything the market has seen before. We’re proud to back Norwegian innovation at this scale.”
What the Solution Does
Powered by Two’s technology and distributed through DNB’s network, the new B2B BNPL solution works across webshops, marketplaces, and digital sales channels. Nordic businesses can now:
- Trade on invoice in seconds - with real-time AI credit assessment and zero manual paperwork.
- Access flexible payment terms (net 30, 60 or 90 days) that free up working capital immediately.
- Sell more: merchants typically see 10–30% higher conversion at checkout and significantly larger average order values when flexible B2B payment terms are available.
- Get paid immediately: Two and DNB absorb the credit risk, so sellers receive same-day settlement with no balance sheet exposure.
- Cut invoicing costs dramatically, eliminating the $12–30 per-invoice overhead of manual processing.
A Trillion-Dollar Market, Finally Getting Its Rails
Global B2B e-commerce was valued at $19.34 trillion in 2024 and is forecast to reach $47.54 trillion by 2030. Total B2B payment volumes stand at $186 trillion in 2025 and are projected to exceed $224 trillion by 2030 - yet the vast majority of trade still runs on manual credit terms and net-day invoicing, largely untouched by the digital revolution that transformed consumer payments.
The DNB partnership adds Norway's most powerful banking distribution to Two's foundation - and accelerates the roadmap to make the Nordics the global reference point for modern B2B payments. For Norway, it is proof that a homegrown bank and homegrown technology can build solutions with genuine international export potential.
Ready to Modernise Your B2B Payments?
Nordic businesses can contact DNB or Two today to integrate the new B2B BNPL solution - and take the first step towards faster payments, better cash flow, and higher conversion.
About DNB
DNB is Norway's largest financial services group and one of the largest in the Nordic region in terms of market capitalisation. The Group offers a full range of financial services, including loans, savings, advisory services, insurance and pension products for retail and corporate customers.
DNB's mobile solutions, internet bank, customer service centres, real estate broking- and branch offices in Norway as well as international offices ensure that we are present where our customers are. We are a major operator in a number of industries, for which we also have a Nordic or international strategy.
About Two
Two is a fintech company building next-generation infrastructure for B2B payments in a market estimated to be several times larger than the global B2C payments sector. Two revolutionises B2B commerce by making net-term selling as effortless as card payments, enabling invoice sales in seconds across all purchase channels.
With 80+ employees and offices across Oslo, Stockholm, Glasgow, London, and New York, Two operates in 18 markets and processes over EUR 900 million annually, powering frictionless B2B purchases for 100,000+ businesses globally. The company's AI-powered platform delivers instant credit approval, built-in fraud protection, and end-to-end payment administration - giving buyers seamless payments with flexible terms while sellers benefit from increased conversion, larger order values, and reduced credit risk.
Backed by Sequoia Capital, Shine Capital, and Antler, with partnerships including DNB, Santander, and ABN AMRO, Two is establishing itself as the leading global player in B2B Buy Now, Pay Later.
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