The digital platform that pays Mexico's exporters now - instead of making them wait 90 days.
When Mundi's founders looked closely at how small Mexican exporters ran their businesses, they noticed something odd: the exporters had quietly become banks. They would ship goods abroad, then wait 30, 60, sometimes 90 days to be paid. During that gap, cash that could fund the next order sat frozen in someone else's accounts payable.
Mundi, founded in 2020, was built to close that gap. It is a digital trade-finance platform aimed squarely at small and medium-sized enterprises (SMEs) in Mexico that buy and sell across borders. Instead of waiting on a slow-paying customer, an exporter can hand Mundi the invoice and receive most of the cash upfront. The waiting - and the risk - shifts to Mundi.
That single idea, invoice factoring rebuilt for the internet, has since grown into a broader toolkit. Today an exporter can advance invoices, finance a purchase order before fulfilling it, draw on a revolving credit line, move money internationally, hedge currency exposure, and insure cargo - all from one online account. The company says it has financed more than $1 billion in trade for over 500 companies selling into 60-plus countries.
Big exporters have banking relationships, credit teams and treasury desks. Smaller ones rarely fit a bank's checklist. They face three problems at once: no working capital while they wait to get paid, currency swings that eat into margins, and the ever-present risk that a foreign buyer simply does not pay. Traditional factoring exists, but it often comes wrapped in paperwork, opening fees and maintenance charges that make it clumsy for a fast-moving small business.
Mundi's customers are the manufacturers, farmers, automotive suppliers and freight forwarders that keep Mexican goods moving across borders. These are companies with real orders and real buyers, but lumpy cash flow. Mundi reports that clients grow their exports by roughly 30% within six months of using the platform - not because they got better at making things, but because they stopped running out of cash between orders.
Get paid immediately against outstanding export invoices instead of waiting 30-90 days. This factoring product is where Mundi started.
Financing against confirmed purchase orders, so a business can fulfil a large order without tying up its own capital.
Flexible lines a business can draw on as needed, with pay-as-you-go pricing and no opening or maintenance fees.
Cross-border payments and collections that let SMEs pay suppliers and get paid by buyers through the platform.
Multi-currency trading and hedging tools to manage the currency exposure that comes with international deals.
Cargo and logistics insurance to lower the risk of moving goods across borders and around the world.
Mundi runs a transaction-based, pay-per-use model. It earns fees and a financing spread on advances and credit lines, plus revenue from payments, FX and cargo insurance. The lending itself is funded through debt facilities - including a $100 million warehouse line from Silicon Valley Bank - while equity capital funds underwriting, product and growth. The pitch to customers is blunt: no opening fees, no maintenance charges, no hidden costs.
Where a bank might take weeks and a folder of documents, Mundi built its underwriting from scratch to approve SME exporters in days through a fully digital platform available 24/7. It pairs that software with a local, high-touch support team reachable on WhatsApp, phone and email. Rather than sell one product, it bundles financing, payments, FX and insurance in a single place - removing the bottleneck that stops a small exporter from saying yes to the next order.
The $16M Series A was led by Union Square Ventures - the firm's first B2B investment in Latin America - with Base10 Partners, Upper90, FJ Labs, Exor, AndBank, AlleyCorp, Operator Partners, Gilgamesh Ventures and Monex participating. Haymaker Ventures later led a $15M extension. The $100M line is a debt facility used to fund lending, not equity.
Martin Pustilnick and co-founders launch Mundi to finance Mexican SME exporters, going live within months - mid-pandemic.
A $7.8M seed round lands, followed by a $100M warehouse line from Silicon Valley Bank to fund SME lending.
Union Square Ventures makes its first Latin American B2B bet; Mundi expands into payments, FX and cargo insurance.
Haymaker Ventures leads an extension round with participation from Union Square Ventures.
Mundi surpasses $1 billion in cross-border trade financed for Mexican businesses.
Agreements with CANACINTRA and CLAUMET widen credit access and target Mexico's automotive SMEs.
Payments partners power cross-border collections; industry bodies extend credit access to Mexican manufacturers and automotive suppliers.
Originally from Argentina, CEO Martin Pustilnick holds an MBA from Stanford and was an entrepreneur-in-residence and investor at FJ Labs in New York before starting Mundi. He co-founded the company alongside Paulina Aguilar Vela, Sebastian Kontarovsky and Juan Christensen. The team is remote-first, with roughly 130-150 people and operations centered in Mexico City.
Mundi sits inside a wave of Latin American fintechs tackling SME credit - competing with names like Xepelin, Konfio, Drip Capital and Marco, plus traditional banks and factoring houses. Its edge is focus: cross-border trade for Mexican SMEs, with financing, payments, FX and insurance bundled together rather than sold as separate products.