Berlin-based Mondu, the fast-growing firm in B2B payments, announced it has secured a €100 million debt facility from J.P. Morgan Payments.

This financing will be used to scale Mondu’s B2B payment solutions and support its expansion across Europe.

In addition, Mondu has become part of the J.P. Morgan Payments Partner Network.

“As part of the network, Mondu has a referral program to provide its innovative deferred payment solutions for accounts payables and receivables to J.P. Morgan Payments’ extensive network of corporate clients in Europe,” said Mondu.

“This collaboration will provide J.P. Morgan Payments’ clients with seamless access to Mondu’s flexible payment options, helping them to improve cash flow, increase sales, and streamline their payment processes.

“The B2B e-commerce market is rapidly growing, with the European market alone projected to reach US$1.8 trillion in 2025.

“With this growth, the demand for modern and flexible payment methods is also surging. The European Buy Now, Pay Later (BNPL) market is forecasted to continue its strong growth, projected to increase from US$191.3 billion in 2025 to approximately US$293.7 billion by 2030, representing a compound annual growth rate (CAGR) of 9.0%.

“This collaboration between Mondu and J.P. Morgan Payments is set to capitalize on this trend, offering businesses the financial flexibility they need to thrive in a digital-first economy.”

Philipp Povel, co-CEO of Mondu, said: “We are thrilled to be working with a world-class institution like J.P. Morgan Payments. This debt facility and strategic collaboration are a significant validation of our business model and our vision to simplify the financial lives of businesses.

“The capital will allow us to accelerate our growth and support more businesses across Europe with our innovative B2B payment solutions. Joining the J.P. Morgan Payments Partner Network will be a great driver of our expansion in Europe, and we look forward to working with their team and customers.”

Heather Crowley, Global Head of Trade & Working Capital Product, J.P. Morgan Payments, said: “We’re excited to support Mondu’s growth and to collaborate with them in bringing their innovative B2B payment solutions to our clients. The B2B payments landscape is undergoing significant transformation, and Mondu is leading the way in Europe.

“Their unique suite of payment solutions and pan-European coverage can help our clients improve working capital management and grow their businesses. We look forward to a successful collaboration.”