Mundi
Mundi is a fintech platform that simplifies international trade by offering a variety of financial services, including virtual accounts, currency exchange, and digital insurance.
Services
Mundi offers a range of services designed to simplify international trade. The platform provides a free virtual account in the United States, allowing users to manage money globally without SWIFT costs. Users can exchange over 100 currencies digitally and make payments to suppliers worldwide. Mundi offers digital insurance for merchandise, ensuring low costs for cargo insurance and financing payment for insurance with a 10-day credit period. The platform also provides non-recourse factoring, enabling sellers to receive payments within 48 hours. Additionally, Mundi supports liquidity through export invoices and offers free analysis of international clients and financing proposals.
Products
Mundi’s digital platform includes several products aimed at easing international trade operations. One of the key products is the U.S.-based virtual account, available for free and offering borderless money management. Another significant product is the non-recourse factoring, which allows sellers to get paid within 48 hours. The platform also covers extensive currency exchange, supporting over 100 currencies, and includes international payment options without SWIFT costs. Mundi's digital insurance for merchandise and cargo insurance with the lowest market rates provide added financial security for businesses.
Investors and Partners
Mundi is backed by a robust group of investors and partners, including Union Square Ventures, Haymaker Ventures, FJ Labs, GMO Ventures, Upper90, Silicon Valley Bank First Citizens, Colibri Ventures, and JP Morgan. These partnerships bolster Mundi's financial stability and growth prospects. Additionally, Mundi works with HDI for insurance policies, a subsidiary of Talanx, further strengthening its insurance offerings.
Platform Features
Mundi prides itself on having a 100% digital and user-friendly platform. The platform adapts flexibly to varying business needs and ensures a simple registration process with no opening or maintenance costs. Mundi only charges for the actual money received, unlike traditional banks that charge commissions on the total value of invoices. The platform also provides comprehensive support, with a team of specialists readily available to assist users.