Valar Ventures led a $43m Series A funding round in Mondu.

Valar Ventures, a venture capital fund, led a $43m Series A funding round in Mondu, a B2B payment fintech company, with participation from Cherry Ventures, FinTech Collective, and tech entrepreneurs and senior executives from Klarna, Zalando, and SumUp. “The B2B e-commerce market is larger than B2C but is underserved by current offerings, and supply chain financing is a growing need, particularly for SMBs. Online transactions with financing options are limited. Mondu fixes all of these problems with its solution – it’s a game changer,” Andrew McCormack, Valar Ventures founding partner.