B2B payments company Mondu secures USD 43 mln Series A

Monday 30 May 2022 11:43 CET | News

Germany-based Mondu has concluded a USD 43 million Series A round to scale its BNPL for B2B solution by investing in its product and customer acquisition.

Mondu helps simplify the financial lives of SMBs so that they can focus on their business. Its BNPL solution for merchants and marketplaces offers payment methods in B2B, as well as flexible payment terms in their online checkout. 

Company officials stated that while B2B BNPL is behind the consumer BNPL market, they believe there is a USD 200 billion opportunity just in Europe and the US, which is bigger than the global consumer BNPL market. This Series A and the backing of their European and US investors will support them to rapidly scale their product and customer reach ahead of further expansion in Europe later in 2022.

Mondu has built a consumerised payment product to drive conversion rate and incremental sales for merchants, focussing on a frictionless checkout experience for business customers. The solution integrates with merchants and is accessible through APIs, plug-ins, and checkout widgets.

The company has already served many businesses through its solution and has signed merchant customers across industries, including beauty, cleaning, and manufacturing. One example of a Mondu customer is Ionto Comed, a manufacturer in the beauty sector that supplies salons with everything from massage treatment tables to cosmetic equipment.

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Keywords: BNPL, funding, expansion, checkout optimisation , API, payment methods
Categories: Payments & Commerce
Companies: Mondu
Countries: Europe, United States
This article is part of category

Payments & Commerce


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