Notes on Ecomm Startup Purchasing of Mondido

Leading online payment service provider for e-commerce merchants.

• Acquired because they became insolvent but had some good features

On What is Mondido slide add the chart in mermaid

• PSP Payment Service Provider is what they do

• 0.5% ~ 2% margins

• Because they offer fully customizable payment flows there is some potential here

• We are going into these segments:

  • Charities, Donations
  • Subscriptions
  • Financial Services
  • Custom apps, SaaS

• They have a beta app on the app store already

• Mondido Direct - SME merchants

  • 100 kSEK - 50 MSEK yearly volume
  • ~1% + 1SEK, trx fee
  • 800+ Customers in Nordics, EU

• White label - Enterprise Companies

  • Large financial institutions, Insurance, SaaS
  • 1MSEK Start fee + 350 kSEK / mo
  • 0.5 SEK/trx
  • Providing technology, compliance, support & sales in one turnkey solution

• Delivery time is great

• No project risks - high infosec certs

• Dream is to get two white-label clients

  • Won a intent challenge to get customer contract with PostNord

• Mondido is servicing approximately 400kSEK a year these days.

• Have a better product when it comes to customizations and integrations

• Checkout fiserv to see if there's any potential partnerships or competition

• Schema-less JSON of different types of customer metadata.
• Added with customized business logic by merchant/charity.
  • Also in JSON.
• With webhooks associated with these two can give custom responses to transactions.
• This is good for example to a charity.
  • If someone donates a large amount to them, but Swish won't allow the amount...
  • The charity might never know this.
  • The webhook and rule engine can then give the charity a heads up.
  • This allows the charity to update their CRM and re-approach the donor.

References