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Congrats to portfolio company Mondu on the announcement of their Series A extension round, led by Valar Ventures and FinTech Collective. The company has now raised over €83.5m in equity and debt financing from leading investors Valar Ventures, Cherry Ventures, the FinTech Collective, and German bank VVRB. The new funding will be used to fuel further market growth and product development.
Mondu Co-Founder and Co-CEO Philipp Povel: “Buy Now, Pay Later in B2B has established itself as a valuable tool to meet the business buyers’ expectations, providing a ‘consumer’ checkout experience and flexible payment. We are confident that the demand for Buy Now, Pay Later for B2B will grow dramatically in 2023. There are many positive effects of this financial tool, not only for buyers but also merchants and marketplaces as they continue seeing basket sizes increase and enhanced loyalty of buyers.”
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