Mondu
B2B buy-now-pay-later solution
To change the B2B payments ecosystem, by providing payment solutions that enable any B2B company to grow quickly and safely.
Employees
101-200
HQ Location
Mitte, Berlin, Germany
OTTA INSIGHTS
53% employee growth in 12 months
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.
Last 2 fundraises
May 2022
$43m
SERIES A
Jan 2023
$13m
SERIES A
Company benefits
Founders
Malte Huffmann
(Co-CEO)They have over 10 years of experience as Co-Founder and Managing Director of Dafiti.
Philipp Povel
(Co-CEO)Experienced as Co-Founder and CEO of Dafiti Group from 2010 to 2021.
Gil Danziger
(CTO)Experienced as Interim CTO for Glispa. Left in 2019 to join VEHICULUM as CTPO.
Diversity & Inclusion at Mondu
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