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Congratulations to portfolio company Mondu on their Series A raise! Previous investors Cherry Ventures, FinTech Collective and tech entrepreneurs and senior executives from Klarna, Zalando, and SumUp also participated. The company has now raised $57m to date. Mondu will use the funding to expand into more European countries later this year.
Malte Huffmann, co-founder and co-CEO of Mondu, said in a statement: The concept of BNPL isn’t new in the B2B world; offline business trade has enjoyed it for decades. But as more companies increasingly move to digital, the need for BNPL for B2B online will grow immensely. We are on the verge of a “digitalization boom,” and Mondu wants to be part of that revolution and drive innovation within the B2B payments space.
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