- The collaboration will provide Atradius clients across
the EU and UK with access to Mondu's innovative BNPL solutions for
B2B online checkouts
- Merchants benefit from Atradius' longstanding expertise
in trade credit insurance combined with Mondu's state-of-the-art
BNPL technology
- Collaboration underlines Atradius' and Mondu's
dedication to propelling businesses forward while staying at the
forefront of innovation
AMSTERDAM, Sept. 11, 2024 /PRNewswire/ -- Atradius, a
top global credit insurer, and Mondu, a pioneering fintech offering
Buy Now Pay Later (BNPL) solutions, have launched a collaboration
aiming at empowering businesses across Europe with the seamless integration of the
most popular B2B payment options into their e-commerce channels
without the need for external payment gateways. This will enable
merchants to provide their business buyers with a much better
online purchasing experience, similar to what they are used to from
their private life as a digital consumer.
The collaboration caters to the growing need for innovative B2B
payment options, as the digitalization in B2B purchasing processes
is progressing at a fast pace, and a large majority of business
buyers today start their buying journey online. Merchants that want
to benefit from this shift to online must establish a compelling
e-commerce proposition, including convenient and secure payment
during checkout.
However, offering invoice payment in a webshop checkout can
expose merchants to various risks, such as credit defaults. As a
result, online merchants tend to be very cautious when it comes to
approving business buyers for invoice payment – while approval
rates in B2C usually reach 90% and above, in the B2B context
acceptance typically averages 40-50%, and in some cases merchants
only accept advance payments.
Combining Atradius' international expertise in trade credit
insurance with Mondu's innovative BNPL technology, the
collaboration enables B2B merchants to manage this challenge with
easy-to-access deferred payment options ranging from 30-90 days net
terms and 3-12 months installments. The merchants can enjoy the
benefits of instant credit decisioning by Mondu supported by
Atradius trade credit insurance expertise with payout for approved
orders by Mondu within a few days, default protection, and
outsourced payment collection from the business buyers.
"By collaborating with Mondu and facilitating their Buy Now Pay
Later solutions, we take a significant step to expand our
commitment to clients by supporting enhanced financial flexibility
and security for BNPL," said Andreas
Tesch, CMO of Atradius. "This collaboration will enable
businesses to increase their sales and offer various favorable
payment options to their customers."
"Teaming up with Atradius as their preferred partner enabling
Mondu to offer BNPL solutions and additional Mondu services to
Atradius clients across Europe is
an honor for us and testament to the strong value proposition Mondu
has developed over the past years," said Malte Huffmann, Co-Founder and Co-CEO at Mondu.
"We see significant synergies for Atradius merchants to use and
benefit from Mondu BNPL options for their business across all
distribution channels, especially online."
Both Atradius and Mondu share a dedication to propelling
businesses forward in the global B2B marketplace. This
collaboration leverages their combined expertise and unwavering
commitment to innovation, creating a win-win scenario for all
stakeholders involved.
About Atradius
Atradius is a global provider of credit insurance, bond and
surety, collections and information services, with a strategic
presence in over 50 countries. The products offered by Atradius
protect companies around the world against the default risks
associated with selling goods and services on credit. Atradius is a
member of GCO, one of the leading companies in the Spanish
insurance sector and one of the largest credit insurers in the
world. You can find more information online at
https://group.atradius.com.
About Mondu
Mondu is a leading B2B Fintech offering innovative payment
solutions to simplify European business transactions. Focusing on
flexibility, convenience, and security. Mondu is dedicated to
enhancing the B2B payment experience both online and offline,
supporting businesses in their growth and operational efficiency.
Mondu was recently granted an Electronic Money Institution (EMI)
license by De Nederlandsche Bank (DNB), which will enable Mondu to
further expand its geographic coverage across Europe while launching additional innovative
payment solutions. You can find more information online at
https://www.mondu.ai.
Connect with Atradius on Social
Media
Website: https://group.atradius.com
LinkedIn: https://www.linkedin.com/company/atradius
YouTube https://www.youtube.com/user/atradiusgroup
Logo:
https://mma.prnewswire.com/media/2320608/4499300/Atradius_Logo.jpg
Logo: https://mma.prnewswire.com/media/2500005/Mondu_Logo.jpg
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