Atradius and Mondu Form Partnership for Enhanced B2B Payments

Atradius and Mondu Join Forces for Better B2B Payment Solutions

The collaboration aims to empower businesses with advanced payment technology. This strategic partnership allows Atradius clients in the EU and UK to access Mondu's innovative Buy Now Pay Later (BNPL) solutions tailored for B2B online transactions.

Enhancing the E-Commerce Experience

With this partnership, merchants will benefit from Atradius' extensive knowledge in trade credit insurance combined with Mondu's cutting-edge BNPL technology. They are committed to driving innovation and ensuring that businesses can thrive in an ever-evolving digital landscape.

Addressing the Needs of Modern Businesses

The collaboration responds to the growing demand for sophisticated B2B payment options. As digitalization accelerates in B2B purchasing, most business buyers initiate their purchasing journey online. For merchants wanting to capitalize on this shift, it is imperative to establish a robust e-commerce framework that includes secure and user-friendly payment choices at checkout.

Overcoming Risks in B2B Payment Solutions

Offering invoicing payment methods can present various risks for merchants, including the potential for credit defaults. Typically, while B2C approval rates can exceed 90%, B2B contexts often see acceptance rates hovering between 40-50%. Thus, many merchants only accept advance payments, which can limit sales opportunities.

Benefits of the Collaboration

By merging Atradius' global expertise in trade credit insurance with Mondu's BNPL technology, the partnership allows B2B merchants to effectively manage these risks. They will have access to deferred payment options ranging from 30 to 90 days net terms or even 3 to 12 months installment plans. Merchants can enjoy instant credit decisioning from Mondu backed by Atradius' insurance, ensuring payout for approved orders within days, while also receiving protection against defaults and outsourced payment collection from buyers.

Statements from Leadership

Andreas Tesch, CMO of Atradius, commented, "Partnering with Mondu to integrate their BNPL solutions reaffirms our commitment to offering clients enhanced financial flexibility and security. This initiative will empower businesses to boost sales by providing more diverse payment options to customers."

Malte Huffmann, Co-Founder and Co-CEO of Mondu, expressed pride in the partnership, stating, "Joining forces with Atradius allows us to extend our BNPL solutions and additional services to a wider array of clients across Europe, showcasing the strong value we have built over the years."

Shared Commitment to Innovation

Both Atradius and Mondu are dedicated to advancing businesses in the global B2B landscape. This collaboration is built upon their shared commitment to innovation, which creates mutually beneficial outcomes for all parties involved.

About Atradius

Atradius is a reputable global provider of credit insurance, surety, collections, and information services. With operations in over 50 countries, their products safeguard companies from the risks of credit defaults when selling on credit. As one of the largest credit insurers globally, they provide vital support to businesses in various sectors.

About Mondu

Mondu stands as a prominent B2B fintech leader, delivering advanced payment solutions that facilitate better business transactions across Europe. Their focus on security, flexibility, and convenience enhances the B2B payment experience, supporting companies in their operational goals and growth ambitions. Recently, Mondu was granted an Electronic Money Institution (EMI) license, setting the stage for further geographic expansion and new product offerings.

Frequently Asked Questions

What is the primary goal of the Atradius and Mondu collaboration?

The main aim is to provide innovative BNPL solutions to enhance the payment experience for B2B e-commerce transactions across Europe.

How does this partnership benefit merchants?

Merchants gain access to flexible payment options, which can increase sales by offering their clients convenient payment terms.

What challenges do B2B merchants typically face with payment solutions?

Merchants often contend with lower approval rates for credit payments and must carefully navigate the risks of credit defaults.

What types of payment options will be available through this collaboration?

The partnership will offer deferred payment options ranging from 30 to 90 days net terms, as well as installment plans of 3 to 12 months.

Who are the key figures in Atradius and Mondu's partnership?

Andreas Tesch, CMO of Atradius, and Malte Huffmann, Co-Founder and Co-CEO of Mondu, highlight the mutual benefits and commitment to innovation in this partnership.

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