visimoney
TL;DR:
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Berlin-based fintech startup, Mondu, has secured an additional €30 million in debt financing to support its European expansion plans. The working capital, provided by Vereinigte Volksbank Raiffeisenbank (VVRB), brings the total amount raised by Mondu to €50 million. The company offers B2B payment mechanisms to merchants and marketplaces and previously raised €14 million in a seed round. Mondu plans to use the funding to expand across Europe and develop additional payment solutions for business customers.
Key points:
- Berlin-based fintech Mondu has secured an additional €30 million in debt financing from VVRB to support its European expansion plans.
- The funding brings Mondu’s total capital raised to €50 million. The company previously raised €14 million in a seed round in 2021.
- Mondu provides B2B payment services to merchants and marketplaces and plans to expand across Europe and develop additional payment solutions.
