Mondu, a Berlin, Germany-based B2B payments company, raised $13M in Series A Extension funding.
The round was led by Valar Ventures, with participation from FinTech Collective.
The company intends to use the funds to enable further market growth and product development.
Founded in 2021 by entrepreneurs Malte Huffmann, Philipp Povel and Gil Danziger, Mondu enables merchants and marketplaces to offer their business customers the most popular B2B payment methods with flexible payment terms in an online checkout. Its Buy Now, Pay Later solutions include: purchase on invoice, SEPA direct debit, and Installments. Vendors who work with Mondu are protected from default risk and save the hassle of collections and dunning.
Earlier last year, Mondu introduced its Buy Now, Pay Later (BNPL) solution for B2B merchants and marketplaces to the Austrian and Dutch markets, establishing an office in Amsterdam. The team has grown from 20 people at the start of 2022 to 140 people, and appointed more talent to its C-Suite, including Chief Commercial Officer Julian Kurz and Chief People Officer Lauren Hoehlein Joseph.
FinSMEs
12/01/2023