Mondido raises SEK 10M to further develop a payment solution for ecommerce companies

Mondido, a Stockholm, Sweden fintech startup providing a payment processing solution raised SEK 10M ($1.1M) in fresh equity investment. The money comes from Collector Ventures and the transaction is valued at SEK 60M ($6.6M).

Mondido, founded in 2012 by Annika Manns and Robert Pohl, has developed a mobile processor solution aimed to be integrated within the payments systems of online shops.

Prior to this investment, in 2015, Mondido has a raised a small funding from a range of local investors, including NFT Ventures, part of Collector Ventures' investment efforts with focus solely on fintech startups.