The startup offers an international factoring platform that enables small and medium-sized enterprises to access capital and exchange currencies digitally, minimizing bureaucratic hurdles. By providing services for cross-border trade and risk management, the platform facilitates smoother international transactions for manufacturers and traders.
Funding
$58.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small and medium-sized enterprises engaged in international trade face challenges in accessing capital and managing currency exchange, often encountering bureaucratic obstacles and delays. This can hinder their ability to compete effectively in the global market.
Solution
Mundi offers a fintech platform designed to streamline international trade for SMEs by providing virtual accounts, currency exchange, and factoring services. The platform enables businesses to receive payments globally, pay suppliers in multiple currencies without SWIFT costs, and access early payment on export invoices. Mundi's factoring service allows exporters to get paid upfront on invoices, improving cash flow and reducing risk. By offering a fully digital experience, Mundi simplifies cross-border transactions and provides businesses with the tools they need to manage their international finances efficiently.
Target Audience
The primary target audience includes small and medium-sized enterprises (SMEs) involved in exporting and importing, particularly those seeking to improve cash flow, manage currency risk, and simplify international payments.
Features
- Virtual accounts in the United States for receiving international payments
- Currency exchange services supporting over 100 currencies with real-time quotes and customizable alerts
- Factoring services providing up to 90% of invoice value within 48 hours
- Digital platform accessible 24/7 for managing transactions and account activity
- Risk analysis of international clients to determine financing options
- Integration with logistics and insurance providers