M

Mundi

Fintech · New York City, United States · Founded 2020

Mundi.io is a financial technology startup specializing in trade factoring, a service that allows businesses to convert their invoices into immediate cash. The company primarily serves exporters, providing them with a digital platform to manage their export invoices efficiently. Mundi operates in the international trade market, focusing on businesses that need quick access to liquidity, secure cargo insurance, and flexible payment options. The business model of Mundi is straightforward: it offers a digital platform where exporters can upload their invoices and choose which ones they want to convert into cash. Once an invoice is selected, Mundi verifies the delivery of the merchandise and provides up to 90% of the invoice value within 48 hours. Clients can receive the funds in either US dollars or Mexican pesos, depending on their preference. This rapid access to cash flow helps businesses manage their finances more effectively and continue their operations without the typical delays associated with international trade payments. Mundi makes money by charging a fee for its factoring services. This fee is likely a percentage of the invoice value, which is common in the factoring industry. Additionally, Mundi offers cargo insurance through a partnership with Berkley, a well-known insurer. This insurance service provides an additional revenue stream for the company while offering clients peace of mind regarding the safety of their shipments. The platform is entirely digital, making it accessible 24/7 and simplifying the management process for exporters. Clients can also exchange currencies and secure their merchandise quickly, without the usual complications and delays. In summary, Mundi.io provides a comprehensive solution for exporters needing immediate liquidity, secure cargo insurance, and flexible payment options, all through a user-friendly digital platform. Keywords: trade factoring, export financing, digital platform, liquidity, cargo insurance, invoice management, international trade, currency exchange, quick cash flow, exporters.