Mondu Raises $43 Million in Series A
Mondu, a Berlin, Germany-based B2B payments company, raised $43 Million in Series A funding.
Mondu, a Berlin, Germany-based B2B payments company, raised $43 Million in Series A funding.
The round was led by Valar Ventures with participation from existing seed investors FinTech Collective, Cherry Ventures, and angel investors from Klarna, Zalando, and SumUp,
The company intends to use the funds to scale its BNPL for B2B solutions for merchants and marketplaces by investing in its product and customer acquisition across more European countries later this year.
Company: Mondo Systems, Inc.
Raised: $43.0M
Round: Series A
Funding Month: May 2022
Lead Investors: Valar Ventures
Additional Investors: FinTech Collective, Cherry Ventures, Klarna, Zalando, SumUp
Company Website: https://www.mondu.ai/
Software Category: B2B Payments
About the Company: Founded in August 2021 by serial entrepreneurs Philipp Povel and Malte Huffmann as well as Gil Danziger. Mondu provides a Buy Now, Pay Later (BNPL) solution for B2B merchants and marketplaces.It offers B2B marketplaces and merchants a flexible payment method with net terms, all without the financial and operational headaches often associated with the process.
Source: https://www.finsmes.com/2022/05/mondu-raises-43m-in-series-a-funding.html
