Mondu BV Solidifies Place in Netherlands Receiving EMI Licence

B2B fintech, Mondu BV has added a brand new digital cash establishment (EMI) licence to its rising roster because it expands its presence in Europe.

Having already established an providing in Germany, Austria, the UK, Belgium, Switzerland, and France, the B2B fintech has now obtained an EMI licence from De Nederlandsche Financial institution (DNB) within the Netherlands, additional solidifying itself available in the market. Because of this licence, Mondu will have the ability to assist extra buyer and launch complementary fee providers like e-wallets and bank cards.

Philipp Povel, co-CEO and co-founder of Mondu stated: “Mondu is the primary B2B purchase now, pay later firm in Europe to be granted its personal EMI license. It is a key second for our firm and demonstrates the maturity and class of our platform and the processes and capabilities we’ve got established over the previous two and a half years.”

Povel continued, “It brings us a major step nearer to attaining our long-term mission of constructing the main B2B fee platform for European companies. It is a great achievement of your entire Mondu workforce. Now, our eyes are firmly set on European growth and launching further fee merchandise.”

Development since 2022

The Dutch Mondu entity was integrated in June 2022 and is headquartered in Amsterdam. The administration board of Mondu BV consists of Eric Weijman, chief danger officer of Mondu Group, and Stefano Arcari, business director.

Whereas initially chargeable for serving B2B retailers and marketplaces situated within the Netherlands, Mondu BV will now provide regulated fee providers each within the Netherlands and on a cross-border foundation into all Mondu markets (excl. the UK).

Miyu Lee, chief authorized and compliance officer of Mondu and supervisory board member of Mondu BV, stated: “Being granted this license by the extremely revered regulator DNB is a good milestone for us. With the flexibility to passport our EMI license throughout Europe, it can assist us speed up our geographical growth.

“The license additionally permits us to function inside our personal regulatory framework, which is very safe and absolutely compliant with all relevant laws. It helps to additional develop our product providing, as we are able to launch a spread of complementary, value-adding options for retailers and enterprise patrons.”

Mondu works with retailers, wholesalers, and B2B marketplaces, equivalent to BTN De Haas BV, Profipack and Orderchamp within the Netherlands, Notebooksbilliger, WirMachenDruck, Autodoc, and GGM Gastro in Germany, and PCSpecialist and Kingspan within the UK.

Francis Bignell

Francis is a journalist and our lead LatAm correspondent, with a BA in Classical Civilization, he has a specialist curiosity in North and South America.