Martin Pustilnick

Mundi raises $7.8M to help Mexican exporters shipping to US

New York-based Mundi, a financial tech platform aimed at facilitating U.S.-Mexico trade, announced Tuesday it raised $7.8 million in a seed round.

Base10 led the financing round that also included FJ Labs, which helped incubate Mundi when the company was founded by Martin Pustilnick last year.

“COVID-19 has shown that small and medium-sized businesses (SMBs) are carrying multiple financial risks when trading internationally, such as nonpayment, lack of working capital and currency exposure,”...

https://s29755.pcdn.co/news/mundi-raises-$78m-to-help-mexican-exporters-shipping-to-us

Mundi aims for low-risk cross-border financial transactions with new service

Mundi, a new financial tech startup focusing on small to medium-size Mexican exporters shipping to the United States, aims to reduce the risk and inconsistency involved with many B2B transactions in the cross-border marketplace, said Martin Pustilnick, Mundi’s co-founder and CEO.

“The problem that we see is that small and medium-sized enterprises (SMEs) end up acting like banks for their clients, and that makes no sense,” Pustilnick said. “We leverage financial rails that already exist. What we...

https://www.freightwaves.com/news/mundi-aims-for-low-risk-cross-border-financial-transactions-with-new-service

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