Mundi

Mundi operates as a financial technology platform focused on simplifying cross-border trade for small and medium-sized enterprises (SMEs) in Latin America, with a particular emphasis on the Mexico-U.S. trade corridor. The company was founded in 2019 by Martín Pustilnick and Juan Carlos Christensen, with Paulina Aguilar Vela and Sebastian Kontarovsky also cited as co-founders. Pustilnick, the CEO, brings a background in economics, management consulting, and venture capital, having worked as an investor and entrepreneur-in-residence at FJ Labs after earning an MBA from Stanford University. This experience informed the creation of Mundi, which was launched to address the significant financial hurdles SMEs face in international trade, such as a lack of working capital, currency exposure, and non-payment risk.

The firm's core business revolves around providing liquidity to exporters through invoice factoring. Mundi advances payments for its clients' cross-border transactions, allowing exporters to receive their funds within 24 to 48 hours of delivery, while the platform handles the collection from the importers. This service is non-recourse, meaning Mundi absorbs the risk of non-payment. The business generates revenue by charging a fee for overseeing these transactions. This model is designed to solve the problem of SMEs effectively acting as banks for their international clients.

Beyond its primary financing product, Mundi has expanded its offerings to become a multi-product platform. The suite of services now includes international payments and collections, foreign exchange (FX) spot trading and hedging, and cargo insurance. These tools are delivered through a fully digital platform, designed for quick approvals and ease of use, eliminating the need for physical bureaucracy. The platform serves a diverse client base, financing exports for companies that manufacture products ranging from candy and toys to automobile parts. Headquartered in New York and Mexico City, the company has secured significant funding, including a $15 million Series A2 round in September 2023, to enhance its user experience and expand its business reach.

Keywords: trade finance, cross-border payments, invoice factoring, SME financing, export financing, foreign exchange services, supply chain finance, fintech, Latin America trade, Mexico-US trade, working capital solutions, international trade services, digital factoring, currency hedging, cargo insurance, import financing, financial services for exporters, B2B payments, trade risk management, accounts receivable financing