Tag: Valar Ventures
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Berlin FinTech Mondu Receives A €20 Million Loan!
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The “buy-now-pay-later” provider Mondu receives new capital. The Berlin-based fintech has secured a €20 million loan from Germany’s Vereinigte Volksbank Raiffeisenbank. Mondu plans to use the money to drive international expansion and open an office in the Netherlands.
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Peter Thiel And Other Investors Provide Mondu $40 Mio
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Competition in the “buy-now-pay-later” segment is fierce. While Swedish pioneer Klarna has just laid off hundreds of employees, Berlin-based Mondu secured another investment. Malte Huffmann, Philipp Povel, and Gil Danziger founded the fintech in Aug 2021 and secured €13 Mio in a seed financing round. Now they successfully raised around…