B2B payments company Mondu and composable commerce platform Spryker have formed a partnership to provide a new B2B buy-now-pay-later (BNPL) platform.
The platform aims to offer flexible payment solutions to a wider range of B2B buyers whilst helping businesses increase revenues from online sales.
The solution will integrate Mondu’s BNPL solutions with Spryker’s PaaS marketplace creation platform via API-based modules, allowing Spryker customers to access new features for B2B payments, according to the companies’ August 29th press release.
These solutions include payment upon invoice, Single Euro Payments Area (SEPA) direct debit, and instalments.
This collaboration furthers both Mondu and Spryker’s goals of helping businesses grow, according to Matthias Letzeller, Mondu’s Head of Partnerships.
“We see our partnership with Spryker as an ideal fit for us at Mondu, due to our shared mission to help other businesses focus on growth. We both support B2B companies in scaling their online sales through the best online experience for their customers,” he said.
“Spryker has built a great platform to create a wonderful ecommerce journey, and with Mondu that journey continues with the best payment experience. Combined, we can help businesses supercharge their sales, increase revenue, improve cash flow and operational efficiency.”
Manishi Singh, Spryker’s Senior VP of App Composition Platform added, "We are thrilled to welcome Mondu to the Spryker partner ecosystem. Our shared vision of efficient innovation will enable businesses to improve their customer experience while maintaining the flexibility needed to adapt to changing customer needs.
“By joining together Mondu’s seamless payment solutions and Spryker’s best-of-breed composable commerce approach, enterprise customers can anticipate an unparalleled purchasing experience. This partnership highlights our commitment to providing enterprises with the tools and support they need to accomplish their current and future business goals.”
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