FinTech: B2B Fintech Mondu Scores $43M Series A Led By Peter Thiel’s Valar Ventures

https://dailyalts.com/wp-content/uploads/2022/05/Mondu-Founders-scaled.jpg

Mondu raised a $14M seed round in October 21.

Mondu, a Berlin-based fintech startup eyeing a BNPL product for businesses, has raised $43 million in a Series A round led by Peter Thiel’s Valar Ventures. Other participants in the funding included existing investors Cherry Ventures and FinTech Collective alongside angels from leadership at Klarna, Zalando and SumUp. (Sifted)

Mondu will deploy the funds towards international expansion into more European countries starting with Austria, customer acquisition, and product development.

B2B BNPL

“The B2B e-commerce market is larger than B2C but is underserved by current offerings, and supply chain financing is a growing need, particularly for SMBs,” said Andrew McCormack, founding partner of Valar Ventures. “Online transactions with financing options are limited. Mondu fixes all of these problems with its solution – it’s a game changer.”

Mondu’s solution is easy to integrate into businesses and with merchants through APIs, plug-ins, and checkout widgets.

Aside from offering the usual payment methods offered via a B2C BNPL product, Mondu also offers businesses the facility of flexible payment terms at checkout.

“As more companies increasingly move to digital, the need for BNPL for B2B online will grow immensely,” said Malte Huffmann, co-founder and co-CEO of Mondu. “We’re on the verge of a ‘digitalisation boom’ and Mondu wants to be part of that revolution by driving innovation within the B2B payments space.”

“While B2B BNPL is behind the consumer BNPL market, we believe there is a $200 billion opportunity just in Europe and the US, which is bigger than the global consumer BNPL market,” said Mondu co-founder and co-CEO Philipp Povel.

Related Story: BNPL For Businesses Provider Billie Scores $100M Series C Funding

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/06/justice-gba45571bc_640.jpg
Digital Assets: Grayscale Protests SEC Rejection Of Spot Bitcoin ETF, Files Suit Against Regulator
June 30, 2022     Digital Assets, Latest News, News, Regulations

Grayscale Investments, the largest digital asset manager globally, has filed a suit against the SEC for rejecting its application to convert the Grayscale Bitcoin Trust into a spot bitcoin ETF….

https://dailyalts.com/wp-content/uploads/2022/06/Twelve-sunglasses.png
Venture Capital/ESG: Twelve Raises $130M For World’s First Carbon Transformation Platform

Twelve has raised a $130 million Series B round to scale up its carbon transformation technology that converts captured CO2 into products traditionally made from fossil fuels. The firm’s technology…

https://dailyalts.com/wp-content/uploads/2022/06/amc-g39f4f8446_640-overlay.png
FinTech: Sam Bankman-Fried Of FTX Rejects Rumors He Is Acquiring Robinhood
June 30, 2022     Digital Assets, FinTech, News

FTX, the crypto platform owned by billionaire Sam Bankman-Fried, has scotched media reports that it was pursuing a deal to acquire commission-free trading app Robinhood (NASDAQ: HOOD). Bloomberg said Monday…

https://dailyalts.com/wp-content/uploads/2022/06/bitcoin-g9a41d1d1c_640-overlay.png
Alternative Investments/Digital: Amidst A Crypto Winter, 21Shares Launches The World’s Cheapest Physically Backed Bitcoin ETP

21Shares AG has launched a bitcoin ETP tailor-made for today’s crypto market, one that has been mauled by rampaging bears and gripped by a “crypto winter.” The 21Shares Bitcoin Core…