Berlin-based firm Mondu, a B2B payments company, has secured a €100 million debt facility from J.P. Morgan Payments to scale its payment solutions and expand across Europe.
- Founded in 2021 by Malte Huffmann, Philipp Povel, and Gil Danziger, Mondu is a fintech company that develops B2B payment solutions aimed at simplifying transactions between businesses across Europe.
- The firm provides a platform that allows merchants, marketplaces, and wholesalers to offer flexible payment terms to business buyers while mitigating credit and fraud risk.
- Its services include Buy Now, Pay Later (BNPL) options such as invoicing, instalments, SEPA direct debit, and digital trade accounts, as well as instant account-to-account (A2A) payments.
- Mondu integrates with existing enterprise systems via API and provides portals for merchants and buyers to manage invoices, payments, and credit terms, enabling improved cash flow, streamlined accounts receivable and payable processes, and expanded market reach. The company is licensed as an Electronic Money Institution (EMI), allowing it to operate across EU markets.
Details of the deal
- The fresh capital came from a €100 million debt facility provided by J.P. Morgan Payments, which is the division of J.P. Morgan that focuses on helping businesses manage payments efficiently.
"The B2B payments landscape is undergoing significant transformation, and Mondu is leading the way in Europe. Their unique suite of payment solutions and pan-European coverage can help our clients improve working capital management and grow their businesses," claims Heather Crowley, Global Head of Trade and Working Capital Product, J.P. Morgan Payments.
- Mondu will use the €100 million debt facility to expand its B2B payment services across Europe, increase the number of business clients it supports, and enhance its platform’s ability to manage flexible payment terms and credit risk.
