Mondu, a leading B2B payments provider, has secured a €100 million debt facility from J.P. Morgan Payments to accelerate its European expansion and scale its innovative payment solutions.
As part of the agreement, Mondu has joined the J.P. Morgan Payments Partner Network, which includes a referral program connecting Mondu’s deferred payment solutions for accounts payables and receivables to J.P. Morgan Payments’ extensive corporate client base across Europe. The collaboration aims to help clients streamline payments, improve cash flow, and boost sales through flexible, accessible B2B payment options.
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.”
The J.P. Morgan Payments Partner Network – which has over 80 member companies – brings together J.P. Morgan Payments’ extensive suite of payment solutions and its third-party relationships to help clients build, implement, expand and optimize payments strategies based on their business needs.
