German fintech Mondu supercharges European expansion with €30M debt funding.

The Berlin-based fintech company Mondu has secured an additional €30M in debt financing from German bank Vereinigte Volksbank Raiffeisenbank (VVRB), bringing its total funds to €50M. This funding will support Mondu’s European expansion plans for 2024. Mondu offers a “Buy Now, Pay Later” solution for B2B merchants and marketplaces, allowing businesses to make purchases and payments on flexible terms. The company has experienced significant growth, forming partnerships with leading retailers and expanding its presence to the Netherlands and the UK.