Mundi recently announced a Series A-2 round of $15 million led by Haymaker Ventures. This funding round included participation from Union Square Ventures, who led the Series A and participated super pro rata, GMO Ventures, Square One Capital, Upper90, Colibri Ventures, Base10, Asymmetric Capital Partners, Gaingels, Mana Ventures, and GSBackers.
Along with the new round of funding, Mundi is unveiling a complete rebrand as a fintech platform to simplify cross-border trade in Latin America, including solutions for International Payments and Collections, FX Spot Trading and Hedging, Cargo Insurance, and a suite of free tools and insights.
Mundi co-founder and CEO Martin Pustilnick said that the last 18 months were a learning journey to operate in a different context.
“We have gone through challenges, such as layoffs, the SVB crisis (we are still happy clients and announcing something big with them next month!) and much more. I’m proud to say that we have emerged as a stronger team, focused on our mission to empower companies to trade globally. Thank you to everyone on the team who has worked through these challenges, the best is yet to come,” said Pustilnick in a blog post. “We have discovered that exporters, importers, and logistics companies face multiple problems related to their payments, collections, FX management, and insurance on top of financing. Over the last 18 months, we have launched different products to solve each of those needs.
The company’s clients want to solve these problems under one platform. This is what Mundi is building for them.
