The investment is led by Valar Ventures and FinTech Collective. Both companies already have stakes in Mondu. The Series A expansion brings the total investment round to EUR 52 million, enabling further market growth and product development. Mondu is exploring new use cases for its B2B payment products, such as an omnichannel solution.
In September 2022, Mondu introduced Split Payments, a solution that allows business buyers to split purchases into six equal, interest-free payments. This aimed to bring flexibility to the B2B ecommerce space. This option of carrying out payments through installments should provide business buyers with more control over their expenditures, and enable them to buy more and increase revenue for online vendors.
Another aim of this introduction was to improve cashflow by allowing upfront payments, with no settlement delay, with business buyers also having the option of payment flexibility. Merchants can get set up this new feature by using Mondu’s widget embedded in the checkout and choosing their preferred implementation method, which ranges from ecommerce plugins to API integrations.
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