Truly Global Enterprise B2B BNPL.

What is the Two, Allianz Trade, and Santander partnership?

It's the world's first tripartite B2B BNPL solution for global enterprise, combining Santander CIB's global banking capital and receivables financing, Allianz Trade's trade credit insurance, and Two's instant B2B payment technology - letting sellers offer net terms online with zero credit risk, zero manual underwriting, and zero balance sheet drag.

How does the partnership work?

At checkout, or on a direct sales order, the buyer selects flexible net terms instead of paying by card or wire. Two's engine and Allianz Trade's risk models return a credit and fraud decision in under 30 seconds. Santander CIB then pays the merchant upfront, while Allianz Trade insures the receivable against non-payment - removing balance sheet exposure entirely.

Who takes on the credit risk if a buyer doesn't pay?

Neither the merchant nor the buyer carries default risk. Allianz Trade insures every receivable against non-payment, so the merchant is paid upfront by Santander CIB regardless of whether the buyer ultimately pays on time.

What does each partner bring to the solution?

Santander CIB brings global banking capabilities and receivables financing, paying sellers upfront while buyers access trade credit. Allianz Trade brings instant risk scoring and bad debt protection at enterprise scale. Two brings the checkout engine and ERP/commerce integration that ties it all together with zero operational friction.

Which sales channels does this support?

The partnership powers every corner of Two's platform - online checkout, direct sales orders, and in-store - so enterprise sellers can offer the same net-terms experience across every channel they already sell through.