Mondu is a B2B payment solutions startup that aims to revolutionize the B2B payments ecosystem. The company's slogan, "B2B payment solutions that enable any B2B company to grow quickly and safely," encapsulates its core mission. Mondu offers merchants and marketplaces the ability to provide their business customers with popular B2B payment methods and flexible payment terms across various sales channels. These include online, tele-sales, and field sales, with Buy Now, Pay Later solutions such as purchase on invoice, SEPA direct debit, and Installments. Notably, Mondu mitigates default risk for vendors and streamlines the collections and dunning process.
Founded in 2021, Mondu has achieved remarkable progress, having already secured $90 million in equity and debt financing. This backing comes from prominent investors including Valar Ventures, Cherry Ventures, the FinTech Collective, and the German bank VVRB. With its headquarters located in The Netherlands, Mondu's latest boost came in the form of a €30.00M Debt Financing investment on 25 January 2024 from the Vereinigte Volksbank Raiffeisenbank. The company's ability to attract substantial investment and its innovative approach to B2B payments positions it as a noteworthy contender in the financial services and payments industries.
