Two Partners with Komplett to Combat Rising B2B Fraud in the Nordic Electronics Market

Two (www.two.inc), a European leader in B2B payments technology, today announced a new partnership with Komplett (www.komplettgroup.com), one of the Nordics’ leading online electronics retailers, to launch a first-of-its-kind fully integrated Risk-as-a-Service (RaaS) platform. Komplett becomes the first enterprise in the Nordics to deploy such a solution – delivering instant, automated decisions on both credit and fraud risk across all of its B2B stores in Norway, Sweden, and Denmark.

As B2B e-commerce continues to scale across high-value verticals like electronics, fraud is growing in both volume and sophistication. According to the 2025 AFP Payments Fraud and Control Survey, 79% of organisations reported being victims of attempted or actual payments fraud in 2024, while the total cost of e-commerce fraud to merchants is expected to rise from $44 billion in 2024 to $107 billion in 2029 – a growth of 141% – with attackers increasingly exploiting high average order values, long payment terms, and outdated risk controls. Identity theft, synthetic businesses, and internal impersonation are among the most prevalent schemes.

To combat this, Komplett has adopted Two’s enterprise-grade RaaS platform – an AI-powered, API-first solution that merges fraud detection, credit scoring, identity verification, and merchant-specific risk rules into a single, seamless experience. The result is a frictionless, secure checkout process that boosts buyer trust while shielding Komplett from significant financial loss.

Andreas Mjelde, CEO & co-founder of Two, said: “B2B fraud has evolved rapidly. What was once rare and opportunistic is now systematic, frequent and increasingly clever. Fraudsters are abusing invoice terms, impersonating real businesses and even posing as employees within legitimate companies. With order values often exceeding €5,000, B2B payments have become a prime target. Our work with Komplett shows how AI-powered, real-time decisioning can strike the right balance between control and conversion – all without adding friction.”

Previously reliant on manual credit assessments and fragmented data sources, Komplett faced onboarding delays and struggled to scale its risk controls. The company was also exposed to various sophisticated fraud types, including abuse of open invoice terms, fake or hijacked business identities, and purchases made by unauthorised individuals within legitimate businesses. Two’s solution replaces these bottlenecks with real-time decisioning and a fully customisable risk management portal, providing Komplett with end-to-end visibility and control without the need for large internal teams. 

Key capabilities launched through the Komplett-Two partnership include:

• Unified fraud and credit screening: All buyers are automatically assessed at checkout.

• Configurable risk policies: Komplett can adjust credit limits and risk thresholds with no code.

• Real-time identity verification: AI models confirm both business legitimacy and individual authorisation.

• Full automation: Manual reviews eliminated, enabling faster onboarding and lower operational cost.

• Scalable architecture: Now live across Komplett’s B2B markets with expansion-ready infrastructure.

This partnership marks Two’s first enterprise deployment of its RaaS product, and reflects its entry into a market projected to reach $52.7 billion by 2031. While RaaS remains a relatively new product category, its adoption is accelerating in response to the surge in B2B fraud. Two is well-positioned to lead in this space, with a solution purpose-built for complex, high-risk environments.

Anne Mari Huseby Le, Head of Credit at Komplett, added: “The implementation process with Two has been seamless from start to finish. We’ve addressed some of the most complex B2B scenarios – from machine-to-machine orders and migrating hundreds of thousands of existing customers, to handling sub-units of organisations, sole traders in Sweden, and export orders with payers in secondary countries. Together, we’ve built a robust, flexible solution that protects our business and delivers a smoother experience for our customers across the Nordics.”

The deployment also highlights the growing role of AI in fraud prevention, especially in B2B transactions, which involve more stakeholders, higher values, and longer payment cycles than B2C. At a time when many fintechs are scaling back their AI investments, Two is doubling down, seeing AI as critical infrastructure for modern B2B commerce.

This launch also signals an important step in Two’s broader business expansion, from a B2B payments specialist into a comprehensive, one-stop solution for B2B retailers. By combining payments, credit, fraud protection, and risk controls into a single platform, Two is redefining what it means to sell on net terms in a digital-first world.