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The company enables merchants and marketplaces to offer their trade 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 and Installments. Vendors who work with Mondu are protected from default risk and save the hassle of collections and dunning.
Mondu brings B2B payments up to par with B2C payments, putting customers in the heart of the payment flow and ensuring they have a seamless, modern and state-of-the-art experience. The result is a win-win story: business customers have the power to purchase and pay when they want, which translates to a higher conversion rate and basket size for the supplier.
Mondu GmbH was founded in Berlin in 2021 by entrepreneurs Malte Huffmann, Philipp Povel and Gil Danziger with the aim of simplifying B2B payment transactions. Mondu has a team of over 140 talented professionals from diverse backgrounds and with experience from the best companies, in tech and elsewhere. Mondu has raised $90 million in equity and debt financing, from leading investors Valar Ventures, Cherry Ventures, the FinTech Collective and German bank VVRB.