Sprinque
Defunct13 known investors
Sprinque was an Amsterdam-based B2B payments platform offering pay-by-invoice with net terms; it ceased operations in 2024.
Also known as Sprinque B.V.
Investors · 13
Also in the syndicate · 11
Company profile
researched Aug 2026Sprinque was an Amsterdam, Netherlands-based fintech that built payment and checkout infrastructure for business-to-business commerce. Its platform allowed merchants and B2B marketplaces to offer buyers Pay by Invoice with net payment terms online, with Sprinque assuming the associated risk and operational overhead. The product was delivered as a white-labelled solution that merchants could embed through APIs.
The checkout infrastructure required a single integration and supported business-specific payment options including net 30-, 60- and 90-day terms, split payments and payment on milestones. It also gave buyers access to multiple payment methods, among them Pay by Bank, which let buyers settle invoices through their online banking or mobile bank app. The platform automated payment workflows and was positioned to offer merchants the option of being paid instantly.
Sprinque ceased operations in the summer of 2024 after its three co-founders decided to close the company, citing shifting market conditions and a tighter investment climate. Co-founder Mark Holleman continued to use the Sprinque name for consulting and advisory services in B2B payments and credit infrastructure, while co-founder Manoj Tutika began work on a separate venture, Sunday AI.
Founding story
Sprinque was founded in 2021 by Manoj Tutika (CTO), Mark Holleman (CPO) and Juan Espinosa (CEO), who met at Antler Amsterdam; Antler subsequently invested in the company.
Business model
Sprinque sold a SaaS/embedded payments product to merchants and marketplaces, providing a white-labelled, API-embedded checkout that extended invoice-based net payment terms to their business buyers while Sprinque carried the credit and risk function rather than the merchant.
Latest developments
Sprinque officially ceased operations after a decision by its co-founders in the summer of 2024. Mark Holleman continues consulting and advisory work under the Sprinque name, focused on embedded finance, in-house credit product development and lending propositions in European markets, while Manoj Tutika is developing Sunday AI, an AI automation product for B2B companies.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Sprinque positioned itself as a flexible B2B payments platform for local and cross-border transactions, addressing a European B2B commerce market in which, at the company's 2021 founding, over 300 B2B marketplaces existed in Europe while payment processes largely remained offline.
Technology
A digital checkout and payments infrastructure requiring a single integration, exposed via APIs for white-label embedding. It automated payment workflows and supported net 30/60/90 terms, split payments, milestone-based payments, and multiple payment methods including Pay by Bank, where buyers settled invoices from their online or mobile banking app.
Go-to-market
B2B merchants and online B2B marketplaces selling to business buyers, including wholesalers, manufacturers, distributors and logistics companies.
Geography
Headquartered in Amsterdam, the Netherlands, serving local and cross-border B2B transactions with a focus on European markets; funding announcements were targeted at US, UK and European media.
History
Founded in 2021 in Amsterdam, Sprinque raised €1.7 million in September 2021 from Volta Ventures, Force Over Mass and a group of angel investors and payments executives to build out its product and onboard clients from its waiting list. It later raised a €6 million seed round led by Connect Ventures with Kraken Ventures, Inference Partners and SeedX participating, and ran an international PR campaign around that announcement. The company operated for roughly four years before its co-founders decided in the summer of 2024 to cease operations.
Risks & controversies
The company shut down, with shifting market conditions and a tighter investment climate cited by the founders as the core reasons for the closure.
Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 3
launches, deals, and filingsSprinque officially ceased operations following a decision by co-founders Juan Espinosa, Manoj Tutika and Mark Holleman in the summer of 2024, with shifting market conditions and a tighter investment climate cited as core reasons.
Sprinque announced €1.7 million in funding from Volta Ventures, Force Over Mass and a group of angel investors and payments industry executives, including Gaston Aussems (ex-CEO, Mollie), Matt Robinson (GoCardless), Charlie Delingpole (ComplyAdvantage), Rainer Majcen, Chris Adelsbach and Great Stuff Ventures. Proceeds were earmarked for product build-out and onboarding the first clients from its waiting list.
Sprinque raised a €6 million seed funding round led by Connect Ventures, with participation from Kraken Ventures, Inference Partners and SeedX; the company stated the funding would be used to expand the business.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 5
primary sources listed
- Sprinque and PRLab: From Amsterdam to Global Coverageprlab.co · web
5 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Sprinque do?
- Sprinque was an Amsterdam-based B2B payments platform offering pay-by-invoice with net terms; it ceased operations in 2024.
- Who are Sprinque's investors?
- Sprinque's investors include Great Stuff Ventures, Volta Ventures.