Through Acquired’s network, Mondu’s suite of B2B payment services will be available to customers across the United Kingdom and Europe, the companies said in a Thursday (July 20) press release.
This strategic collaboration will bring together Mondu’s flexible payment solutions, which include net terms and installments for online, in-person and telesales, with Acquired’s platform that meets all payment needs, according to the press release.
“Mondu’s products and services complement our payment offerings, and the values of our two businesses are incredibly aligned,” Acquired Commercial Director Mark Johnson said in the release. “We deliver best-in-class services with a customer centric focus, and we can clearly see an incredible value for our business customers looking to introduce a buy now, pay later service to their B2B clients using Mondu.”
Roger De’Ath, UK Managing Director at Mondu, said of the partnership with Acquired.com: “As a well-established player in the payment space, they know the challenges associated with B2B payments very well and have built a great service to support any company to create a perfect payment experience. We’re sure that combined with Mondu we can provide a huge benefit to shared customers looking for better B2B payment solutions through Buy Now, Pay Later and Acquired.com’s services.”
This new partnership with Acquired.com will allow a wider range of businesses to access Mondu’s innovative payment services. Mondu was launched in 2021 in Germany and is now available to business customers in Austria, Germany, the Netherlands and the U.K. Last month, Mondu also launched to buyers in France and Belgium, and further expansion is planned later this year.
B2B BNPL has been gaining traction, buoyed by a growing number of funding rounds and partnerships.
In the case of Mondu, the Berlin-based company topped up its Series A with an additional $13 million in January.
Mondu markets its solution to wholesalers that want to drive more sales by offering their business clients additional time to pay. It enables businesses to easily integrate BNPL options into their online checkout flow, while Mondu assesses buyers’ creditworthiness and takes on the risk of non-payment.