Mondu
“Can a B2B BNPL infrastructure provider become the default working capital layer for European SMB commerce — spanning checkout credit, invoice factoring, and corporate cards?”
Mondu launched as a B2B BNPL infrastructure provider for European e-commerce merchants, allowing sellers to offer payment terms (net 30-90 days, instalments) without bearing credit risk themselves. The company secured its own EMI license through Mondu Financial Services B.V. in the Netherlands, enabling it to process payments directly across the EEA rather than rely on a third-party BaaS layer. It subsequently expanded into embedded invoice factoring for platforms and marketplaces, and launched MonduCard — a Visa business credit card — moving from a checkout BNPL point solution toward a broader B2B working capital platform.