Two
Two is a B2B payments platform that provides instant credit limits and automated invoicing for SMBs and enterprises. It has raised $38M in Series A funding and employs 113 people.
The growth story
Two grew from 75 to 113 employees between 2022 and 2026, raising $38M along the way, most recently a Series A in July 2025.
About
Two sells software that helps businesses manage B2B payments with automated credit underwriting and fraud detection. Its AI systems Frida and Delphi target European and US customers looking to improve cash flow.
The company was founded in 2020 and recently closed a $38M Series A round. Its headcount stands at 113, though growth rates are not disclosed.
Founders and leadership
Engineering is the largest function with 19 staff. The leadership team includes alumni from financial services and consulting backgrounds.
The Two org chart
Andreas Mjelde (Co-Founder) leads 21 mapped leaders with 4 direct reports. Click +N to expand a team; names link to the person’s public profile.
Departments, and which ones grew
Headcount by function: Engineering 27 (-4% YoY), Operations 16 (-16% YoY), Business Development 10 (-9% YoY), Customer Success and Support 7 (0% YoY), Finance 7 (+40% YoY), Information Technology 6 (0% YoY).
Talent flow
Two recruits heavily from the Norwegian Armed Forces (4 hires) and financial firms like Settle and JPMorgan (3 each). Alumni frequently move to fintech startups like Revolut and Fabraix.
Most common previous employers of Two staff: Forsvaret - Norwegian Armed Forces (4), Settle (3), JPMorganChase (3), Boston Consulting Group (BCG) (2), Vipps (2), Norwegian University of Science and Technology (NTNU) (2). Former Two employees most often moved to Watchdog (2), Revolut (2), Fabraix (YC S26) (2), Froda (2), Spotify (2), University of Michigan (1).
Alumni worth knowing
The Two mafia
Five alumni-founded companies exist, including Translucent (17 staff) and Hara (5 staff). Two founders launched YC-backed Fabraix.
6Deane Barton, was Chief Product Officer & Interim Chief Commercial Officer until 2023Imaad Musvee, was MBA Intern - Product Management until 2023Olly Perkins, was Expansion Team Intern until 2023Ahmed A., was Data Science, Fraud until 2025Web traffic
Traffic mix: 74% direct, 11% search, 2% social, 0% paid.
What this company is made of
Most common skills at Two: Python (Programming Language) (23), Microsoft Office (22), Microsoft Excel (22), SQL (17), Leadership (17), Data Analysis (16), English (16), Teamwork (16).
Where the team actually sits
Two people are concentrated in England, United Kingdom (13), Oslo, Norway (10), Norway (9), Scotland, United Kingdom (5). 2 offices on record.
Search footprint
Two attracts about 374 organic search visits a month, traffic worth roughly $27K a month if bought through ads. It gained 220 ranking keywords and lost 307 in the last period.
What employees say
- Compensation
- 4.20 / 5
- Career opportunities
- 4.70 / 5
- Senior management
- 4.80 / 5
- Work-life balance
- 4.30 / 5
Frequently asked
Two has 113 employees as of September 2026.
Two has raised $38M in total, most recently a Series A round in July 2025.
Two was founded in 2020 by Andreas Mjelde, Stavros Tamvakakis.
Andreas Mjelde (Co-Founder) sits at the top of Two's reporting structure, with 4 direct reports.
The most common previous employers of current Two staff are Forsvaret - Norwegian Armed Forces (4 people), Settle (3 people), JPMorganChase (3 people).
Former Two employees most often move to Watchdog (2), Revolut (2), Fabraix (YC S26) (2).
At least 5 companies have a founder who previously worked at Two, including Translucent, Hara (tryhara.com), Fruitful Work.
Two attracts about 374 organic search visits a month, worth roughly $27K a month in equivalent ad spend.
The most common skills among Two staff are Python (Programming Language), Microsoft Office, Microsoft Excel, SQL, Leadership.
Two staff are concentrated in England, United Kingdom (13), Oslo, Norway (10), Norway (9).
Two has about 27 people in Engineering, down 4% over the past year, as of September 2026.
Two has about 16 people in Operations, down 16% over the past year, as of September 2026.
Computed from 63 current and 76 former Two profiles, as of September 2026. Source: Crustdata.
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