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Founded by Malte Huffmann and Philipp Povel, previously co-founders of Latin America’s largest online fashion and lifestyle platform Dafiti, Mondu will begin with a “buy-now-pay-later” (BNPL) product for B2B marketplaces and B2B merchants that will offer their customers, mostly SMBs, a seamless and flexible payment method with net terms without the financial and operational burden. The solution ultimately aims at empowering SMBs and allowing them to more strategically approach their finances.
On the new venture Huffmann and Povel comment, “This is the first step of many in the pursuit of our purpose to simplify the financial lives of SMBs so that they can focus on their core business. We’re excited to work with such complementary investors and angels who bring deep-rooted experience in fintech, B2B, and e-commerce as B2B spending and marketplaces shift rapidly online.”
https://tech.eu/brief/new-b2b-payments-player-mondu-raises-14-million-in-seed-round/
