Mondu Secures €100M Funding And Strategic Partnership With J.P. Morgan Payments

Founded in 2021 by Malte Huffmann, Philipp Povel, and Gil Danziger, Mondu offers B2B payment solutions across Europe. Licensed as an Electronic Money Institution, it supports online and offline payments, emphasizing flexibility, security, and convenience to help businesses streamline transactions, enhance operational efficiency, and drive growth.

Mondu has joined the J.P. Morgan Payments Partner Network to offer deferred payment solutions for accounts payable and receivable to corporate clients in Europe. This collaboration provides easier access to flexible payment options, helping businesses optimize cash flow, streamline payment processes, and boost sales and operational efficiency.

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Philipp Povel co-CEO of Mondu expressed excitement about partnering with J.P. Morgan Payments, highlighting the opportunity to collaborate with an industry leading institution and expand access to flexible B2B payment solutions across Europe.

This debt facility and strategic collaboration are a significant validation of our business model and our vision to simplify the financial lives of businesses. The capital will allow us to accelerate our growth and support more businesses across Europe with our innovative B2B payment solutions. Joining the J.P. Morgan Payments Partner Network will be a great driver of our expansion in Europe, and we look forward to working with their team and customers.

The European B2B e-commerce market is projected to reach $1.8 trillion by 2025, with growing demand for modern, flexible payment solutions. The European BNPL market is expected to grow from $191.3 billion in 2025 to $293.7 billion by 2030. Mondu’s collaboration with J.P. Morgan Payments addresses this trend providing businesses across Europe with enhanced financial flexibility and access to advanced B2B payment options.

About Mondu

Mondu is transforming B2B payments by offering solutions that let companies grow safely and quickly. Its platform enables merchants, marketplaces, and wholesalers to provide flexible payment terms, bridging buyer expectations and seller risk, improving cash flow, boosting conversions and unlocking new revenue opportunities both online and offline.