Mundi, a cross-border fintech, raised a $100M warehouse facility from Silicon Valley Bank. The facility will enable new expansion and growth.
Mundi is the leading financial services platform for cross-border trade. The platform allows customers to receive international payments immediately.
“We are very excited to partner with Silicon Valley Bank in advancing our mission to empower SMEs to trade globally,” said Martin Pustilnick, co-founder and CEO.
In the past year the company has received more than 3200 applications from Mexico exporters, and has seen a 47% month on month growth since the start of the pandemic.
“Mundi is helping to fuel exports in Mexico, making it easier for companies to do business globally from day one. With this warehouse facility, we are happy to partner with Mundi to support its growth and provide more exporters with financing tools they require,” said Nick Christian, Head of Specialty Finance at Silicon Valley Bank.
Read more on Mundi.