Mondu Receives €20M in Debt Financing

Malte Huffman, Gil Danziger, and Philipp Povel
Malte Huffman, Gil Danziger, and Philipp Povel

Mondu, a Berlin, Germany-based B2B bills corporate, raised €20m in debt investment.

German financial institution Vereinigte Volksbank Raiffeisenbank supplied the mortgage, granted to a Luxembourg-based SPV and collateralized.

The financing permits Mondu to scale and diversify its refinancing with exterior traders – each German and Global.

Based in past due 2021 through Malte Huffman, Gil Danziger, and Philipp Povel, Mondu introduced a Purchase Now, Pay Later for B2B answer for traders and marketplaces. The BNPL and Installments answers be offering industry patrons their favourite offline fee strategies in B2B and versatile fee phrases in a web-based B2B checkout. The corporate’s answers are already to be had to industry shoppers in Germany and Austria, and can now be to be had within the Netherlands and allow cross-border trade between those international locations. As a part of its enlargement, Mondu plans to open a brand new place of business within the Netherlands, rent native  group of workers and put money into native advertising and marketing actions. A limiteless recruitment marketing campaign is lately on-going in Amsterdam. They have got additionally introduced Cut up Bills, which permits industry patrons to divide their purchases into equivalent, interest-free bills – and not using a further or hidden charges.

Because the industry used to be based, the corporate has raised a blended $57m from a Seed and Sequence A fairness spherical from traders together with US-based Valar Ventures, Cherry Ventures, FinTech Collective and angel traders.



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