GERMANY – Mondu, a Berlin, Germany-based B2B payments company, raised additional €30M in Debt funding.
German bank Vereinigte Volksbank Raiffeisenbank (VVRB) provided the financing.The company intends to use the funds to continue its growth across Europe and support further expansion plans. Founded in 2021 by entrepreneurs Malte Huffmann, Philipp Povel and Gil Danzige, Mondu provides a solution that enables merchants and marketplaces to offer their business customers across Europe B2B payment methods and flexible payment terms in a multi-channel setting, both online and offline. Its business customers are empowered to purchase and pay when they want. In 2023, the company launched in the UK and became available to buyers in France and Belgium. Mondu now has offices in three markets – Germany, the Netherlands and the UK – and a diverse team of professionals with experience from the best companies in tech and elsewhere. The company has raised €115M in equity and debt financing from investors Valar Ventures, Cherry Ventures, the FinTech Collective, and VVRB Bank. 25/01/2024
