Mondu has secured $43 million in a Series A funding round led by US-based venture capital fund Valar Ventures.
The funding will enable Mondu to scale its BNPL for B2B solution for merchants and marketplaces by investing in its product and customer acquisition. Mondu plans to expand into more European countries later this year, starting with Austria this summer.
Previous investors Cherry Ventures, FinTech Collective, and tech entrepreneurs and senior executives from Klarna, Zalando, and SumUp have continued to support Mondu in its Series A. To date the company has raised $57 million.
Mondu helps simplify the financial lives of SMBs so that they can focus on their business. Its BNPL solution for merchants and marketplaces offers the favourite payment methods in B2B, as well as flexible payment terms in their online checkout.