B2B Payments

Mondu is driving innovation in B2B payments. By bringing B2B payments up to par with B2C and putting customers at the heart of the payment flow, Mondu ensures a seamless and state-of-the-art experience.

Mondu's solution enables merchants and marketplaces to offer European business customers the most popular B2B payment methods and flexible payment terms in a multi-channel setting, both online and offline.

The result is a win-win story: business customers are empowered to purchase and pay when they want. This translates to a higher conversion rate and average order value - driving growth for merchants and marketplaces. Mondu pays sellers upfront, protects them from default risk, and handles collections and dunning, thus providing a stable cash flow and enabling them to focus on their core business and scale faster.

Mondu's unique selling proposition lies in our innovative approach to B2B payments, which blends flexibility, speed, and security, distinguishing us from traditional and digital competitors. Our key differentiators include:

1. Diverse Product Assortment:

Invoice Payment Options: We offer extended payment terms of up to 90 days, accommodating businesses' cash flow needs. Installment Plans: Businesses can opt for installment payments spanning up to 12 months, providing greater financial flexibility. Digital Trade Accounts: We consolidate multiple purchases into a single invoice and set individualized purchase limits, simplifying the buying process and enhancing budget management.

2. Advanced Credit and Fraud Checks:

Our platform conducts real-time credit and fraud assessments, enabling immediate transaction approvals for both online and offline transactions. This capability significantly advances traditional credit checks, which can take days and slow down business operations.

3. Financial Support for Sellers:

We provide upfront payments to sellers, ensuring they have immediate access to funds. This contrasts sharply with traditional trade credit insurance models, where sellers typically bear the risk and burden of collections. Mondu handles all collections directly with buyers, alleviating sellers from this administrative load and financial risk.

These strategic advantages ensure that Mondu meets the current needs of B2B transactions and drives innovation in the payments sector, setting new standards for efficiency and customer satisfaction.

In August 2024, Mondu secured an Electronic Money Institution (EMI) License from De Nederlandsche Bank (DNB) for Mondu Financial Services BV (Mondu BV), allowing it to operate across the EU.

This license enables Mondu to quickly expand into new markets and introduce additional innovative payment solutions. Concurrently, Mondu's processing volumes have increased significantly due to substantial client acquisitions, enhancing its market presence. New customers in the Netherlands, Germany, and the UK include BTN de Haas BV, Profipack, Autodoc, WirMachenDruck, and Kingspan.

Notebooksbilliger.de, a leading German online electronics retailer, is known for its wide range of products, competitive prices, and excellent customer service. Founded in 2002, it has become a trusted name in the DACH region's electronics market, serving both consumers and a growing B2B segment.

In the rapidly expanding e-commerce market, the B2B electronics sector presents significant opportunities, surpassing the B2C segment in size and growth. In Germany, the B2B e-commerce market is valued at 300 billion euros. For Notebooksbilliger.de (NBB), expanding into this market is a strategic priority. However, cumbersome payment processes hindered their growth in the B2B sector, limiting their ability to serve a large number of business customers efficiently.

Recognizing the need for a scalable payment solution, NBB partnered with Mondu instead of developing an in-house system. This partnership allowed them to implement a flexible, scalable payment process that could adapt to different markets without the complexities of internal development.

“We needed a solution that scales, and that’s where we said, ‘Okay, that’s not something we want to develop on our own. That’s also not something that we try to scale in different countries.’ - Martin Schwager, COO, notebooksbilliger.de

Mondu's invoice payment solution enabled NBB to offer net terms to all B2B clients, enhancing their ability to serve public entities and SMBs effectively. The solution led to a +93% approval rate, allowing NBB to expand its customer base safely. Additionally, NBB saw a 30% increase in average order value, with a 46% surge for transactions between €1,000 and €3,000, highlighting the success of Mondu’s solution in boosting higher-value purchases.

"Mondu is a flexible solution that makes sure not just to provide a payment solution, but one that pays off for you as a business opportunity." - Martin Schwager, COO, notebooksbilliger.de

https://www.mondu.ai