Nordea Announces Investment in E-commerce Startup Mondido

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.

Merchants and web shops can get up and running with payments fast and effective using hosted payment windows, JavaScript forms and API integrations.”

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. 

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