Company: Mondu
Founders: Malte Huffmann, Philipp Povel and Gil Danziger
Website: https://www.mondu.ai/
About Mondu
Mondu is driving innovation in B2B payments. By bringing B2B payments up to par with B2C and putting customers at the heart of the payment flow, Mondu ensures a seamless and state-of-the-art experience.
Mondu’s solution enables merchants and marketplaces to offer European business customers the most popular B2B payment methods and flexible payment terms in a multi-channel setting, both online and offline.
The result is a win-win story: business customers are empowered to purchase and pay when they want. This translates to a higher conversion rate and average order value – driving growth for merchants and marketplaces. Mondu pays sellers upfront, protects them from default risk and handles collections and dunning, thus providing a stable cash flow and enabling them to focus on their core business and scale faster.
Mondu’s Buy Now, Pay Later solutions include purchase on invoice payment, instalments, and Digital Trade Account available in online checkouts and through digitised offline sales.
Mondu’s Story
Mondu was founded in October 2021 by entrepreneurs Malte Huffmann, Philipp Povel and Gil Danziger to simplify B2B payment transactions.
Mondu has raised $90 million in equity and debt financing from leading investors Valar Ventures, Cherry Ventures, the FinTech Collective, and VVRB Bank.
The company has grown its C-Suite to include talent from the Dafiti Group, Grover, Klarna, Zalando, Procter & Gamble, ABN AMRO bank, and more. Mondu’s team comprises over 130+ talented professionals from diverse backgrounds and with experience from the best companies in tech and elsewhere.
Mondu now has offices in three markets – Germany, the Netherlands, and the UK – and is available to customers in Austria, Belgium, Germany, France, the Netherlands and the UK.
Recently, Mondu registered with the FCA and went live with 16 British businesses, such as PCSpecialist, Hughes Trade, and Home Atelier.
In 2022, Mondu was ranked one of the Hottest Startups in Berlin by Wired Magazine and was featured by Accel in its inaugural FinTech 100 EMEA, a list of the next generation of category leaders. Mondu was also recognised in CB Insights 100 FinTech’s listing.
What Makes Mondu Special
Mondu is increasingly being recognised as a leading, innovating European scale-up. Its growth in a short period has been exceptional, from an idea in August 2021 to a company serving multiple markets in Europe with a growing range of products and rapidly increasing customer demand.
Mondu saw exceptional growth this past year, increasing clients by 350% and revenues by 440%.
It is proud to work with businesses that want to provide their B2B customers with the best payment options that allow all involved to grow their businesses. From Notebooksbilliger to Orderchamp and PCSpecialist – Mondu has gained the trust of leading retailers across the markets it operates in and recently welcomed more British brands following FCA registration.
The company’s vision is to become the financial services platform of choice for SMBs in Europe and beyond, and its excellent team and special DNA will get them there. They read the market, wow the market, and will win the market.
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