10.9 C
Monday, April 15, 2024
HomeBankingMondu gears up for European expansion with €30m debt financing boost

Mondu gears up for European expansion with €30m debt financing boost


  • Mondu secures €30 million debt financing from German bank VVRB.
  • The deal increases Mondu’s credit facility with VVRB to €50 million, following a €20 million initial funding in October 2022.
  • Mondu raised €39.5 million in a Series A equity funding round led by Valar Ventures in May 2022.
  • The Series A was later extended by €11.9 million in early 2023.
  • Founded in 2021, Mondu has amassed over €115 million in equity and debt funding.
  • Mondu, a B2B payment solutions provider, aims to use the latest debt financing to fuel expansion across Europe.
  • The company operates buy now, pay later (BNPL) and digital trade accounts in six European countries.
  • Mondu launched in the UK in March last year, gaining approval from the Financial Conduct Authority (FCA).
  • Philipp Povel, co-founder and co-CEO of Mondu, highlights that the funding enables the company to accelerate expansion and develop additional payment solutions.

Related stories

ICYMI fintech funding round-up: Mimo, TransferGo, Smartpay, Adro and more

Mimo:Raised £15.5 million led by Northzone. Plans...

Pomelo Group names Steve Vickers as new CEO

New CEO Appointment:Pomelo Group, a payment infrastructure...

Former PayPal chief Dan Schulman joins Valor Capital as managing partner

New Appointment:Dan Schulman, former president and CEO...

Missouri’s Central Bank taps Personetics for AI-powered money management solution

Partnership Overview:Central Bank, headquartered in Missouri, USA,...

Bolt appoints interim CEO as Maju Kuruvilla departs

Leadership Change at Bolt:Maju Kuruvilla, who served...


- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories