Mondu, a Berlin, Germany-based B2B payments company, raised $43M in Series A funding.
Valar Ventures led the round with participation from existing seed investors FinTech Collective and Cherry Ventures as well as angel investors from SumUp, Zalando and Klarna.
The company plans to use the funds for scaling its BNPL solution for merchants, marketplaces and to invest in its product and customer acquisition across additional European countries later this season, beginning with Austria this summer. It also intends to hire for a wide variety of senior and junior positions including those in tech, risk, and operations.
Mondu was founded in August 2021 by Philipp Povel, Malte Huffmann, and Gil Danziger. It offers a Buy Now and Pay Later (BNPL), solution for B2B marketplaces and merchants. The solution can be integrated with merchants via APIs, plug-ins or checkout widgets. Over 100 people have been hired by the company. They have served thousands of clients, ranging from cleaning and beauty to manufacturing and raw material.