B2B payments company Mondu announces its latest market expansion into the United Kingdom
IN BREIF:
- The company announced a $13m Series A extension round in January, bringing its combined equity and debt funding to $90m
- This is the fourth market where Mondu’s buy now, pay later (BNPL) solution will be available to merchants and businesses following its growth across Germany and its expansion into Austria and the Netherlands in 2022
- The company is opening an office in London and hiring a UK team
What does this mean?
Malte Huffmann, co-founder and co-CEO of Mondu, said: “The time is right for Mondu to launch in the UK. UK B2B commerce is the second largest in Europe. There’s a real need for BNPL as we’ve seen through a growing demand from UK businesses for our solutions, since our initial launch. Our payment solutions can help both online and offline companies across Britain provide their business customers with a consumer-like, best-in-class payment experience.”
