Amsterdam-based Sprinque, a versatile funds platform for native and cross-border B2B transactions, formally ceased operations following a choice made by its co-founders, Juan Espinosa, Manoj Tutika, and Mark Holleman, in the summertime of 2024.
The Dutch firm cited shifting market circumstances and a tighter funding local weather as core causes behind the closure.
“The teachings realized over these previous 4+ years are extremely beneficial and we are actually making use of them in our methods, to new ventures and initiatives,” says Holleman in a LinkedIn publish.
Nevertheless, Holleman will proceed his work beneath the Sprinque title, providing consulting and advisory providers to corporations constructing next-gen B2B funds and credit score infrastructure.
His new focus consists of embedded finance, in-house credit score product improvement, increasing lending propositions throughout European markets, and creating new fintechs from the bottom up.
Tutika constructing Sunday AI
Alternatively, Tutika is already engaged on his subsequent enterprise — Sunday AI, at present in improvement with a bunch of design companions.
In accordance with Tutika, Sunday AI helps B2B corporations, similar to wholesalers, producers, and logistics, get rid of handbook back-office work with AI-powered, human-in-control automation.
“As a international founder who has had the privilege of constructing right here in Europe, this expertise has
fueled my entrepreneurial ardour and deepened my curiosity in B2B commerce, the powerhouse of the EU financial system,” shares Tutika.
“Over the previous 4 years, working with wholesalers, producers, and distributors, I’ve seen firsthand the keenness to undertake new applied sciences and drive effectivity and progress. I’m grateful for the ecosystem that supported my journey, reinforcing my perception that Europe is a sleeping big, awakening with a brand new wave of alternative pushed by startups, expertise, and innovation,” he concludes.
