Nordea Bank recently announced ith as invested in e-commerce startup, Mondido. Founded in 2014, Mondido claims it offers a simple and fast way to start accepting payments on websites and mobile apps while offering features for analyzing and increasing sales.
According to Nordea, the investment into Mondido is considered a step that will strengthen its Nordea Connect e-commerce offer. Sophia Wikander, Head of Mobile, E-commerce and Co-Innovation, Transaction Banking at Nordea, stated:
“We’re already partnering with some of the leading players within e-commerce to add the most value to our corporate customers. Mondido will be a fantastic complement to this. There are some things that they have done exceptionally well, and we look forward to bringing those value-adds to our corporate customers through Nordea Connect.”
Nordea also revealed it has built a payment service provider where the customers’ existing banking engagement is combined with a digital and modern payment gateway including a framework for supporting additional value-added services. The addition of among other Mondido’s rules engine, which allows merchants to customize checkout experiences will be a further improvement. Wikander went on to add:
“We’re seeing that there is a major digital transformation ongoing, also in non-retail companies. The forces of e-commerce are pushing companies to change how they are doing business, but also how they interact with their customers. As a bank we are actively working to support our customers in their digital transformations and Nordea Connect is a key component in this ambition.”
Nordea did not disclose the amount invested into Mondido.