Mondu secures €100M debt facility and partnership from J.P. Morgan Payments
Berlin-based Mondu, a provider of B2B payment solutions, has secured a €100 million debt facility from J.P. Morgan Payments to scale its offering and support its expansion across Europe. This partnership highlights the growing importance of flexible payment solutions in the rapidly expanding B2B e-commerce market. The move is a significant step in facilitating smoother transactions for businesses. Founded in 2021 by Malte Huffmann, Philipp Povel, and Gil Danziger, Mondu provides B2B payment solutions designed to simplify business transactions. The company, which holds an Electronic Money Institution (EMI) license, supports both online and offline payments across the EU. Mondu has also joined the J.P. Morgan Payments Partner Network, offering its deferred payment solutions to J.P. Morgan Payments’ corporate clients in Europe via a referral program. This collaboration will allow J.P. Morgan Payments’ corporate clients easier access to flexible payment options, supporting cash flow, sales, and payment process efficiency. With the European B2B e-commerce market projected to reach $1.8 trillion by 2025, and the Buy Now, Pay Later (BNPL) market expected to grow substantially, Mondu’s solutions are well-positioned to capitalize on these trends. This will provide significant validation of its business model and vision to simplify the financial lives of businesses. This strategic partnership is a positive development that supports European digital transformation. The debt facility and strategic collaboration will allow Mondu to accelerate its growth and support more businesses across Europe with innovative B2B payment solutions.
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