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Mondu’s BNPL product currently allows for flexible payment terms via direct integration into the checkout process of online merchants. If a business customer decides to use one of the payment methods offered, Mondu coordinates the processing of the payments as well as associated services. As a fronting bank, Raisin Bank ensures the regulatory requirements for factoring and also provides payment and account services.
“The partnership with Mondu strengthens our position as a Banking-as-a-Service provider for fintechs and other financial service providers,” says Andreas Wolf, chief commercial officer at Raisin Bank. “Mondu's business model has great potential, and we are happy to help realize it with our services. Processes around factoring and BNPL are an essential part of Raisin Bank's service portfolio, both in the B2C and B2B sectors.”
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