By Oliver Smith on Monday 30 May 2022
Taking the total raised by Mondu since its founding in August 2021 to $57m.
The cash will be used both to scale-up its business and prepare for expansion beyond Germany, as Mondu aims to launch in Austria this summer before tackling more European markets later in 2022.
“While B2B BNPL is behind the consumer BNPL market, we believe there is a $200bn opportunity just in Europe and the US, which is bigger than the global consumer BNPL market,” said Mondu’s co-CEO Philipp Povel.
“This Series A and the backing of our European and US investors will support us to rapidly scale our product and customer reach ahead of further expansion in Europe later this year.”
Now with a team of over 100 Mondu is continuing to hire a wide range of positions across its tech, risk, sales and operations teams.