B2B BNPL Mondu starts working with first UK clients after FCA registration
16 new clients will help Mondu plant its flag in the UK market
Berlin-based B2B payments startup Mondu has officially registered with the Financial Conduct Authority (FCA) and has started work with its first 16 UK clients.
This move comes after the company opened its London office in March and started hiring in the UK, including hiring former TrueLayer UK country manager, Roger De’Ath as its UK managing director.
Mondu was founded in October 2021 to offer BNPL services to both merchants and marketplaces and has since rapidly expanded into the Netherlands, Austria, and recently the French market.
“With today’s news that Mondu is now regulated by the FCA, we are already primed to launch with a range of businesses across the UK. It’s an incredibly exciting day as the UK presents a great opportunity for B2B BNPL,” De’Ath said.
The company aims to provide a consumer-like experience in the B2B domain, with BNPL services for e-commerce checkouts and the newly introduced MonduSell for multichannel sales, both of which offer flexible payment options of 30, 45, 60, and 90 days.
"There is a growing demand for consumer-like experiences in B2B and with Mondu’s new solutions like Digital Trade Account businesses are empowered to offer their customers to purchase and pay when they want. This means higher conversion rates, increased order value, and growth for all businesses.”
Among the first UK companies working with Mondu are technology provider PCSpecialist, electrical specialist Hughes Trade, business travel provider Clooper, lighting provider Sera Technology specializing in lighting, and sports nutrition firm Raw Sport.