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Mondu

B2B buy-now-pay-later solution

101-200 employees
  • Fintech
  • B2B
  • Payments
  • Lending
  • Financial Services
  • SaaS
  • API
Mitte, Berlin, Germany

Company mission

To change the B2B payments ecosystem, by providing payment solutions that enable any B2B company to grow quickly and safely.

53% employee growth in 12 months

Otta's take

Sam Franklin headshot

Sam Franklin

CEO of Otta

Buy-now-pay-later is a flexible payment option that is well known for increasing conversion rates and shopping cart sizes, but existing eCommerce solutions are usually focused around B2C. Whilst there are B2B solutions available, these come paired with operational burden, difficult code integration, and the stresses of payment default and debt collection.

Mondu provides a buy-now-pay-later financial service for eCommerce B2Bs, taking care of the risk, administrative duties, and integration frameworks associated with existing services to allow clients to focus on business instead of administrative duties. Whilst the solutions are provided in the form of APIs for bespoke integration, they are also available as ready-to-use eCommerce platform extensions.

Mondu’s approach of handling all of the formalities is unique. The company claims that its solution increases conversion rates by 40% and shopping cart sizes by 60%, increasing revenues and customer bases without the need for hiring financial experts and programmers. The company has seen substantial funding that has supported its expansion across Europe, and continues to release new solutions and updates to improve its overall offering.

Benefits

  • Up to 12 weeks workation per year
  • Health & Wellbeing
  • €1000 Personal Development Budget
  • Remote/Hybrid Working
  • 30 Vacation Days
  • Flexible mobility budget and options
  • Team Social Budget
  • Retirement Plan
  • Visa and relocation support

Company values

  • Build the best teams
  • Live the highest standards
  • Be an Owner & Deliver results
  • Iterate & Learn
  • Value openness and transparency
  • Deliver WOW
  • Bias for action
  • Disagree & commit
  • Think big & never settle
  • Do good

Funding (last 2 of 3 rounds)

Jan 2023

$13m

SERIES A

May 2022

$43m

SERIES A

$70m

Total funding

Founders

They have over 10 years of experience as Co-Founder and Managing Director of Dafiti.

Experienced as Co-Founder and CEO of Dafiti Group from 2010 to 2021.

Experienced as Interim CTO for Glispa. Left in 2019 to join VEHICULUM as CTPO.

Diversity & Inclusion at Mondu

  • Working in a truly diverse group makes us stronger and more resilient. Furthermore, it enables an unfair advantage - the opportunity to learn from each other, see different perspectives, and consider a broader range of variables in our decision-making. That is what being a Monduneer is all about.
  • Regardless of your background, age, disability, gender, parental status, race, religion, sexual orientation, educational background, or any other aspect you feel is a statement of your diversity, we look forward to discussing your role in mind. If you believe you are a Monduneer in disguise, and it's time for you to shine, submit your application, and we'll take it from there.
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