Berlin-based B2B buy now, pay later startup Mondu has officially registered with the Financial Conduct Authority (FCA) and will begin servicing 16 British clients immediately.
This UK launch follows Mondu’s expansion into the Netherlands and Austria, where it offers a variety of services, including MonduOnline B2B BNPL for e-commerce checkout and the newly introduced MonduSell for multichannel sales. Customers can choose flexible payment options of 30, 45, 60, or 90 days.
Additionally, Mondu is entering the French market, which is currently set up for buyers only and coincides with its launch in the UK. To support its UK operations, the company has established an office in London and appointed Roger De’Ath, former TrueLayer UK country manager, as managing director.
“We are already primed to launch with a range of businesses across the UK,” says De’Ath. “There is a growing demand for consumer-like experiences in B2B, and with Mondu’s new solutions like the Digital Trade Account, businesses can empower their customers to purchase and pay when they want. This results in higher conversion rates, increased order value, and growth for all businesses.”
Among the 16 companies partnering with Mondu in the UK are technology provider PCSpecialist, electrical specialist Hughes Trade, business travel provider Clooper, Sera Technology (focused on lighting), and sports nutrition company Raw Sport. Other customers include businesses in software, commercial lettings, and restaurant supplies.