Select and connect the products you need to succeed.

Products

Flexible wallet infrastructure to collect,  move, split, reuse, payout, and reconcile funds. Embed within your platform to offer built-in fund management to sellers. 

Multi-currency wallet infrastructure for fully automated global money movements.

Wallet

Powerful payment processing with great control. Build dynamic card, bank and alternative payment flows that drive conversion and grow revenue.

Flexible payments acceptance and local payment methods offering.

Payments

Fast and cost-effective global and local payouts in the currencies you need. Payout on demand or on schedule through batch or sequence and reduce Payment ops burden.

Fast and cost-effective global payouts with local settlement.

Payout

Run KYC and KYB verifications for freelancers, individuals, and businesses across more than 170 countries.

Frictionless global identity verification of individual and business users.

Identity

Protect your platform with our AI-powered fraud prevention solution analyzing user behavior, device information, and more, to detect potential transaction and account takeover fraud.

360° fraud prevention solution, protecting your platform from payin to payout.

Fraud

Seamless cross-border money movement. Accept, hold, convert and payout in local currencies. Localize the customer experience, reduce FX exposure and optimise revenue outcome.

Flexible FX infrastructure for global money movements and multi-currency payments.

Embedded balance accounts for payment operations and in-app wallet experiences

Multi-currency accounts

Local IBANs for faster payment settlement and reconciliation

Virtual IBANs

Unique use cases for growing beyond payments.

Use cases

For platforms facilitating buyers and sellers of physical products.

Product marketplaces

For platforms who need flexible payment flows to support instant experiences.

On Demand

For financial platforms looking to expand their offering with white-label solutions.

Financial Platforms

For platforms facilitating travel, lodging, and tourism services.

Travel and Hospitality

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About

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Press and media

Blog

**November 12, 2024; Paris, France:** [Mirakl](https://www.mirakl.com), the leading provider of eCommerce software solutions, has chosen [Mangopay’s](https://mangopay.com/) modular payment technology to power its Mirakl Payout solution in Europe.

Through this collaboration, Mirakl Payout integrates Mangopay’s e-wallet technology and know-your-business (KYB) capabilities, enhancing marketplace payouts.

Mirakl Payout streamlines payment operations for Mirakl customers, providing a fully automated, transparent solution for managing complex payment flows, including seller onboarding, KYC, payouts, refunds, transaction matching, and handling multiple pay-in sources. Mirakl Payout ensures a seamless financial experience, giving marketplace operators control and visibility over every transaction. 

Mangopay specialises in modular, embeddable payment infrastructure for leading platforms worldwide. The company has processed over €100 billion in transactions and supports over 250 million users. Mangopay’s solutions enable platforms to build customised payment systems, facilitating business growth, enhancing user experiences, and preventing fraud.

By leveraging Mangopay’s technology, Mirakl Payout simplifies seller onboarding and KYB, accelerates seller payments, and adheres to regulatory requirements. This streamlined approach enables operators and sellers to collaborate more easily and efficiently, driving accelerated growth and unlocking new revenue opportunities.

Sophie Zellmeyer, Director of Mirakl Payout and Global Payment Partnerships, said:   “Mangopay is a trusted partner of Mirakl, already supporting several of our leading marketplaces across Europe. With its innovative e-wallet infrastructure and strong compliance capabilities, Mangopay is an ideal partner for Mirakl Payout in Europe. Together, we streamline payouts, enabling platforms to increase volume and scale more efficiently.”

Mark Fleming, Chief Commercial Officer at Mangopay, said: “Mangopay and Mirakl have enjoyed a successful partnership for over a decade, and we are thrilled to enhance our collaboration. Together, we support the growth of the marketplace sector through innovation and dedicated solutions for platforms and their users.

“As the sector prospers, more digital commerce brands aim to unlock the potential of the marketplace model. We are excited to partner with Mirakl to provide a seamless experience for sellers and fuel the platform economy’s growth.”

**About Mirakl**

Mirakl is the global leader in platform business innovation. Mirakl's suite of solutions provides enterprises with a transformative way to drive significant growth and efficiency in their online business. Since 2012, Mirakl has been pioneering the platform economy, empowering retail and b2b enterprises with the most advanced, secure and scalable technology to digitise and expand product assortment through marketplace and dropship, improve efficiency in supplier catalogue management and payments, personalised shopping experiences, and boost profits through retail media. Mirakl is trusted by 450+ industry-leading businesses worldwide including Macy’s, Kroger, Airbus Helicopters, Carrefour, La Redoute, and Maison du Monde.

**About Mangopay**

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has over 250 million end users of its services and has processed over €100bn in transactions since its inception. Mangopay was named among CNBC’s World’s Top Fintechs in July 2024. In 2024, its Fraud Prevention solution won a Fintech Breakthrough Award and a Global FinTech Award.

Mirakl and Mangopay announce strategic partnership to accelerate growth of European marketplaces with Mirakl Payout

**October 24, 2024; London, UK:** [Mangopay](https://mangopay.com), a modular and flexible payment infrastructure provider for platforms, has been recognised for its payments and cybersecurity solutions at the Global FinTech Awards. 

Mangopay won the Fraud & ID Verification accolade at the ceremony in London, as well as being highly commended in the Payment Technology category. 

Held as part of the  FinTech LIVE London Global Summit, the inaugural Global FinTech Awards honours companies and individuals demonstrating exceptional creativity, technological advancements and industry leadership.

Mangopay launched its [Fraud Prevention solution](https://mangopay.com/products/fraud) in May 2024 to provide platforms with a payment processor-agnostic AI-driven cybersecurity solution to guard against an evolving range of threats, including account takeover by both bots and humans, reseller fraud, payment fraud, chargebacks, and return abuse.

Ariel Shoham, Mangopay’s VP Product, Risk said: “We are honoured to receive this award and be recognised at such a pivotal moment in the fight against fraud.

“With global fraud losses estimated at over €35.7 billion last year and projected to reach €85.5 billion by 2028 (according to [Juniper Research](https://www.juniperresearch.com/press/losses-online-payment-fraud-exceed-362-billion)), it’s more vital than ever for ecommerce businesses and the solutions that support them to take extra measures to safeguard their operations and customers, while maintaining compliance. 

“We are immensely proud of our Fraud Prevention solution and thrilled to win the judges’ recognition. Powered by AI, Mangopay Fraud Prevention protects platforms at every point of the user journey, while being optimised for conversion. It blocks fraudsters, while providing legitimate customers with a seamless experience.” 

**About Mangopay**

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has over 250 million end users of its services and has processed over €100bn in transactions since its inception. Mangopay was named among CNBC’s World’s Top Fintechs in July 2024. In 2024, its Fraud Prevention solution won a Fintech Breakthrough Award and a Global FinTech Award.

Mangopay wins Fraud & ID Verification accolade at Global FinTech Awards

**October 16 2024; London, UK:** Fintech [Storfund](https://storfund.com) has deepened its partnership with [Mangopay](https://mangopay.com), a modular and flexible payment infrastructure provider for platforms. 

Building on the two companies’ established partnership, Storfund will now leverage Mangopay’s embedded wallet, local accounts, and FX solutions to boost the support it offers on its own platform.

Storfund provides cash flow solutions to sellers on almost 50 marketplaces globally, including Amazon, TikTok Shop, Back Market, Kaufland and many of the platforms powered by Mirakl. Its highly engaged client base is increasingly looking to Storfund for complementary services to help them grow.

Commenting on the partnership, Storfund’s Chief Revenue Officer Oliver Whelan, says: “Storfund sits at the intersection of financing, payments and technology; by adding new services which amplify our cash flow solution, we are creating a fully comprehensive platform for sellers. Mangopay’s capabilities make it the ideal partner to elevate the Storfund platform to the next level.”

Through the partnership with Mangopay, sellers on Storfund’s platform will benefit from a range of payment and treasury solutions to effectively manage pay-ins, payouts and hold balances. Storfund will advance funds to a new embedded wallet powered by Mangopay, allowing sellers to access funds faster, convert them into multiple currencies and pay suppliers locally, or transfer to their own bank account. 

Earlier this year Storfund celebrated a major milestone when it hit €1 billion in financing to sellers, as a growing number of sophisticated SMEs adopt cash flow solutions as opposed to traditional forms of financing such as credit or loans. 

With more than 50% of Storfund’s clients trading internationally, embedding Mangopay means they will benefit from simplified and more cost effective FX management, the ability to convert funds into multiple currencies within the wallet at a rate which is guaranteed for fixed periods of time, and local, instant payouts. 

Mark Fleming, Chief Commercial Officer at Mangopay, adds: “At Mangopay we are focused on driving business growth, both for the platforms we serve and their users. We do this by simplifying complex payment processes and enabling platforms to create the payment flows they need to succeed. Storfund is a business with an incredibly exciting opportunity, and we are delighted to support them on their mission to improve cash flow challenges and power growth for marketplace sellers everywhere.”

**About Storfund**

Storfund provides up to €6 billion per year to sellers on Amazon, TikTok Shop, Back Market, Kaufland and many of the platforms powered by Mirakl. Our mission is to make ecommerce cash *flow*.

We started Storfund with a simple idea: marketplace sellers should get paid immediately for their sales, just like traditional retailers.

Marketplaces are responsible for over 50% of purchases in a global industry worth $5 trillion, but sellers wait between 7 and 45 days to get paid. Storfund pays sellers on the day that they ship.

**About Mangopay**

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has over 250 million end users of its services and has processed over €100bn in transactions since its inception. Mangopay was named among CNBC’s World’s Top Fintechs in July 2024 and its Fraud Prevention solution won a Fintech Breakthrough Award in March 2024.

Storfund and Mangopay deepen partnership with embedded wallet solution for marketplace sellers

**Berlin; Germany, October 9, 2024:** [FOURSOURCE](https://foursource.com), one of the world’s largest tech-enabled B2B apparel and textile networks, has appointed [Mangopay](https://mangopay.com), a modular and flexible payment infrastructure provider for marketplaces and platforms, to launch a customised end-to-end solution to allow payments to take place within the platform for the first time.

FOURSOURCE is a network of more than 50,000 users across 120 countries, buying and selling apparel, fabric, trims, yarns and home textiles. Thanks to Mangopay’s seamless [pay-in](https://mangopay.com/products/payments), [e-wallet](https://mangopay.com/products/e-wallet) and [payout](https://mangopay.com/products/payout) technology, buyers and sellers will now be able to make and receive payments from within the trusted environment of the marketplace. By embedding payments within the platform and removing the need for users to make their own money transfer arrangements, the new solution provides enhanced security through e-wallets, an improved user experience and an additional revenue stream for FOURSOURCE.

FOURSOURCE was founded in 2017 and has offices in Germany, Portugal, Turkey, China and Pakistan. It offers a one-stop platform for secure orders and promotes sustainable textile production. The platform offers buyers more than 1.2 million showroom pictures and more than 24 million pieces were requested from sellers in 2023. Thanks to the partnership with Mangopay, buyers are now able to turn requests for quotations into orders and order directly from sellers’ showrooms with security in every payment. 

Mangopay supports multiple business models in the platform economy with its modular payment infrastructure. The company, founded in 2013, supports platforms and marketplaces through its programmable e-wallet solution and end-to-end payment infrastructure which covers everything from pay-in to payout and AI-driven fraud prevention solutions.

Jonas Wand, CEO and Co-founder of FOURSOURCE, said: “As a destination for apparel and textile sourcing, we are committed to making our industry smarter, safer, transparent, and more sustainable. The partnership with Mangopay will help to take FOURSOURCE to the next level, by allowing us to offer the security and trust that buyers and sellers are looking for in what is a highly fragmented textile industry. By embedding payments within our platform we not only expect to provide our members with an improved user experience, but also unlock new revenue streams for our business.” 

Tristan Torres Velat, VP Global Sales at Mangopay, said: “We’re proud to be working with FOURSOURCE to transform the user experience by providing in-platform payments that buyers and sellers can trust. Supporting the growth of marketplaces and platforms is what we do best and we are delighted to tailor our wallet-based infrastructure specifically to meet the expectations of the thousands of buyers and sellers using the FOURSOURCE platform.”  

**About FOURSOURCE**

FOURSOURCE was founded in 2017 and is headquartered in Berlin, Germany. Our mission is to connect people, organizations, and innovative ideas within the textile supply chain. As the largest B2B tech-enabled network, we offer a one-stop platform for secure orders and promote sustainable textile production - making the textile business smarter, safer, transparent, and more sustainable. 

**About Mangopay**

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has over 250 million end users of its services and has processed over €100bn in transactions since its inception. Mangopay was named among CNBC’s World’s Top Fintechs in July 2024 and its Fraud Prevention solution won a Fintech Breakthrough Award in March 2024.

FOURSOURCE selects Mangopay to transform textile marketplace experience

**Paris, October 1 2024:** - Omnichannel payment gateway [Paybyrd](https://paybyrd.com) has chosen [Mangopay](https://mangopay.com), a modular and flexible payment infrastructure provider for platforms, to provide a bespoke solution that will optimise the management of funds for the merchants it supports, including TAP Air Portugal, Decathlon and Vila Galé Hotels, among others.

Paybyrd provides online and in-store payment orchestration for more than 2,200 clients in the retail, travel, hospitality and technology sectors. Mangopay’s fully customisable embedded e-wallet and payout technology, combined with its industry-leading virtual IBAN and FX capabilities, will allow Paybyrd to streamline reconciliations and provide transparency and effectiveness throughout the payment process. 

Through this partnership with Mangopay, Paybyrd will be able to offer multi-currency settlement and bulk payouts, fuelled by Mangopay’s flexible virtual IBAN, global payouts and [FX solution](https://mangopay.com/products/fx).  

Mangopay specialises in providing modular, embeddable payment and fintech infrastructure that powers leading platforms worldwide.  Its award-winning payment solutions enable platforms to build customised payment infrastructures which facilitate local and global business growth, enhance user experiences, and safeguard against fraud.

Arjan Molenkamp, Paybyrd’s General Manager, said: “By partnering with Mangopay, we have elevated the Paybyrd offering through optimised multi-currency payments and seamless FX integration. This collaboration improves efficiency, reduces costs, and provides better experiences for our clients.”

Alexis Ammar, Director of Strategic Sales at Mangopay, said: “We are delighted to be working with Paybyrd to provide an improved experience for their merchants. Our partnership is a great example of how our flexible payments infrastructure can solve complex challenges, improve efficiency and support growth.”

**About Mangopay**

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has over 250 million end users of its services and has processed over €100bn in transactions since its inception. Mangopay was named among CNBC’s World’s Top Fintechs in July 2024 and its Fraud Prevention solution won a Fintech Breakthrough Award in March 2024.

**About Paybyrd**

Founded in 2018, at Paybyrd, we take pride in developing an innovative Omnichannel solution for payment management. Our service simplifies transactions both online and at Automatic Payment Terminals (APT), streamlining the entire process through a single contract and easy integration. Our cutting-edge Fintech platform simplifies the complexities of payment processing, offering an unparalleled flexibility.

Payment gateway Paybyrd chooses Mangopay to optimise payment experiences for merchants

**Paris, September 24, 2024** - [Troc Vélo](https://www.troc-velo.com/fr-fr), France’s leading second-hand bicycle marketplace, has selected [Mangopay](https://mangopay.com/), a flexible and modular payment infrastructure for platforms, to manage payments between its individual users. 

The partnership marks a formative step in Troc Vélo’s growth strategy by significantly enhancing the user experience. Through integrating Mangopay’s solutions to improve the online payment process, Troc Vélo is removing a key barrier to second-hand purchases between individuals on its platform. The new transaction journey facilitated by Mangopay is fully integrated into the user's purchasing experience, making transactions simple, smooth and secure.  

Troc Vélo, the leading platform for buying and selling second-hand bikes and outdoor equipment in France, sees as many as 750 new items added every day. Founded 20 years ago before becoming part of the Avanis group, parent company of online cycling and running marketplace Alltricks, in 2021, the company has a strong reputation among cycling enthusiasts, appearing in a Google search every seven seconds.  

With the majority of its transactions taking place privately between individuals, Troc Vélo was looking to enhance the security of the payment process to provide an optimal user experience and encourage the adoption and growth of cycling. Thanks to Mangopay's expertise and payment solutions, the transactions taking place on the Troc Vélo platform now benefit from the highest industry security standards, with funds being stored by Mangopay until the buyer and seller have agreed the sale and exchanged the bike. This not only provides the seller with reassurance that the buyer has the funds available before meeting in person, but also ensures that the item purchased meets the buyer's expectations before the transaction is finalised.

The entire payment flow is handled by Mangopay, with its advanced solutions making it possible to track and manage every stage of the transaction process to ensure a smooth and secure customer experience. Troc Vélo will benefit from Mangopay's expertise in securing high-value transactions, while offering the added flexibility and the scalability needed to support its growth. 
 
Nina Dei Tos, Head of Product at Troc Vélo, said: “Our priority is to ensure that transactions taking place between individuals are both secure and seamless. Thanks to Mangopay, we were able to set up a robust payment infrastructure in just three months, guaranteeing our customers’ protection and peace of mind during transactions. This collaboration marks the start of a new era for Troc Vélo, enabling both buyers and sellers to benefit from an even more reliable and efficient experience with us. It also paves the way for future developments to strengthen the purchasing power of those on the lookout for good deals and the re-use of cycling and outdoor products.”

Tristan Torres-Velat, VP Global Sales at Mangopay, added: “We are delighted to support Troc Vélo in its mission to secure its online transactions. The rapid integration of our solution reflects the fantastic synergy that was created between our two technical teams from the outset. Our expertise will enable Troc Vélo to offer a superior user experience and pave the way for future innovative services.”

**About Troc Vélo**

Founded in 2004, Troc Vélo is the leader in bicycle and outdoor equipment classifieds in France. With more than 200,000 adverts posted each year, Troc Vélo is the essential platform for buying and selling second-hand bikes, parts and equipment between those who know about the industry. Troc Vélo is one of the rare platforms that allows you to buy and sell without any fees (all paid services are optional). Troc Vélo became part of the Avanis group in 2021, and works alongside Avanis-owned Alltricks, the online cycling and running marketplace, to support cycling enthusiasts throughout their sporting lives.  

**About Mangopay**

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has over 250 million end users of its services and has processed over €100bn in transactions since its inception. Mangopay was named among CNBC’s World’s Top Fintechs in July 2024 and its Fraud Prevention solution won a Fintech Breakthrough Award in March 2024.

Troc Vélo chooses Mangopay to manage online payments for second-hand bike sales

**23 January, 2024; Paris, France:** Mangopay, a modular and flexible payment infrastructure provider for platforms and marketplaces, announces the appointment of Liz Oakes to its Board as a Non-Executive Director. 

Liz brings a wealth of experience and insight from a long career in the payments industry. Liz was most recently based at Mastercard, where she held executive roles in the company’s payments businesses and other global positions leading strategy, market and product development.

Before joining Mastercard, Liz was a payments expert in consulting at McKinsey and KPMG where she provided strategic advice and advisory services to central banks, financial institutions and clients from the payments industry with a specific focus on cross-border payments and the roll out of real time payments, open banking and embedded payments.

Mangopay, which was [acquired by Advent International in 2022](https://mangopay.com/press-and-media/acquisition-by-advent), has been providing its modular payment infrastructure since 2013 and counts leading European and global marketplaces among the companies it supports. Marketplaces choose Mangopay for its flexible modular approach to create a tailored payments infrastructure to meet their needs. 

Liz joins at a period of growth for the company as it scales across Europe to address the needs of the rapidly growing B2C and B2B marketplace industries.

Commenting on the appointment, Romain Mazeries, CEO of Mangopay, said: “Liz joins us at such an exciting time in our journey and we are delighted that she will be a part of our Board, to help us design and articulate the next steps of our strategic development at Mangopay. Liz’s world-class experience will be a great asset to us as we elevate the company to its next level of growth.”

Liz added: “Mangopay has a unique opportunity which sets the company apart in a very exciting area of the ecommerce market. I am delighted to be joining the company at this key stage of growth. I am looking forward to working with Romain and his leadership team, along with Mangopay’s Chairman Xavier Garambois and the rest of the Board, to accelerate the growth of this fantastic business.” 

ENDS
 
**About Mangopay**

Mangopay empowers the platform economy with its modular payment infrastructure. Created in 2013, Mangopay has supported 2,500+ platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in to payout, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms and in October 2023 it was named one of FXC Intelligence’s most promising cross-border payment companies. [www.mangopay.com](https://mangopay.com)

**Contact**
[press@mangopay.com](mailto:press@mangopay.com)

Mangopay appoints Liz Oakes as Non-Executive Director

**January 16 2024; Paris, France:** [Mangopay](https://mangopay.com), a modular and flexible payment infrastructure provider for marketplaces and platforms, announces that it has partnered with fintech innovator [Storfund](https://storfund.com) to offer marketplace sellers the opportunity to eliminate the standard 10 - 30 day wait for payment for their sales, by getting paid on the day that they sell.
 
Through the collaboration, marketplaces can offer sellers on their platform the opportunity to activate immediate payment for sales. This in turn can rapidly improve cash flow for businesses selling on marketplaces, giving them increased flexibility and the ability to restock on a more regular basis. 

Delays in receiving payments can leave sellers without the funds they need to run their business. The solution offered to Mangopay customers through the new partnership with Storfund can help sellers to significantly scale their businesses and increase turnover, supporting the growth of marketplaces and the platform economy as a result. 

London-based Storfund launched in 2018 to increase cash flow for sellers, particularly in peak shopping periods such as the final quarter of the year. It has since expanded its services into over 30 countries as the marketplace industry and the number of seller businesses has continued to grow. 

Mangopay has been providing its modular payment infrastructure to marketplaces since 2013. Flexibility is at the heart of its approach, and its modular solution is designed so that marketplaces can select and create a specific payments infrastructure to meet their needs. 

George Brintalos, Founder and CEO at Storfund, said: “Storfund and Mangopay are two companies which are driving new innovations that are helping to fuel the growth of the platform economy, whether that’s sellers who are looking to scale their business, or the marketplaces themselves. Here at Storfund we have a mantra of ‘win-win ecommerce’ - by supporting the growth of the marketplace seller, we can also support the growth of marketplaces. We are excited to open up these growth opportunities to more marketplaces through our new partnership with Mangopay.”

Romain Mazeries, CEO at Mangopay, said: “At Mangopay we have a relentless focus on innovating on behalf of our customers - whether that’s new cross-border payment capabilities, sophisticated fraud prevention technology or partner integrations available through our modular approach that bring opportunities to drive business growth. By introducing immediate payments and an answer to cash flow challenges, Storfund is the latest partner solution in our ecosystem that has the ability to help our marketplace clients and their seller businesses to scale.”

**About Storfund**

Storfund makes ecommerce cash flow. Ecommerce has a cash flow problem – and in an industry worth $5 trillion, that matters. Marketplaces are responsible for over 50% of purchases worldwide but sellers experience long waits to get paid. Storfund pays sellers for what they sell, on the day they sell.
Founded in London in 2018, we can provide up to £5 billion per year to sellers on Amazon, Back Market, Kaufland and many others. [www.storfund.com](https://storfund.com)

**Contact**
[marketing@storfund.com](mailto:marketing@storfund.com)

**About Mangopay**

Mangopay empowers the platform economy with its modular payment infrastructure. Created in 2013, Mangopay has supported 2,500+ platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in to payout, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms and in October 2023 it was named one of FXC Intelligence’s most promising cross-border payment companies. [www.mangopay.com](https://mangopay.com/en-gb)

**Contact**
[press@mangopay.com](mailto:press@mangopay.com)

Mangopay partners with Storfund to offer marketplaces an embedded cash flow solution for their sellers

**Paris, September 17, 2024** - [Mangopay](https://mangopay.com/), a modular and flexible payment infrastructure provider for platforms which was acquired by Advent International in 2022, today announces the appointment of fintech industry leader Sergi Herrero as Chief Executive Officer. Sergi succeeds Romain Mazeries who is stepping down from his role.

Throughout his career, Sergi has earned a strong reputation as a results-focused leader who brings both payments domain expertise and proven CEO capabilities. Sergi was previously the Global Director for Payments and Commerce Partnerships at Meta, where he launched and grew its payment and commerce capabilities. He has also held senior executive roles at Square and BNP Paribas, and served as Co-CEO of global telecommunications company VEON.

Sergi succeeds Romain Mazeries, who was part of Mangopay’s founding team and has held the position of CEO for the last six years. Romain remains a member of Mangopay’s Board and will continue to work closely with the company.

Xavier Garambois, Chairman of the Mangopay Board, said: “Sergi brings a wealth of experience and vision that aligns perfectly with our ambitions for Mangopay. Mangopay is on an exciting growth trajectory and we are confident that Sergi is the right leader to take the business to its next stage of development.”

Commenting on his appointment, Sergi Herrero said: “Mangopay provides transformational payment solutions for platforms internationally. Our offering for this expanding area of the ecommerce industry is both innovative and highly differentiated. I am extremely excited by the significant growth opportunities ahead for Mangopay, and to join this talented team at such a pivotal point in the company’s journey.”

Xavier Garambois adds: “On behalf of the Board, I want to thank Romain for his leadership over the past six years. The strong foundations that Romain and his team have put in place have set Mangopay up for long-term growth. We are extremely grateful for his unwavering commitment and I want to deeply thank him for his service as CEO.”

Fabio Cali, Managing Director at Advent International, said: “Under Romain’s leadership, Mangopay has grown to be a global category leader in the payment industry. We are excited for the next phase of Mangopay’s journey, and we believe Sergi’s expertise will accelerate Mangopay’s continued growth and development to become one of the global payments providers powering the platform economy.”

**About Mangopay**

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has over 250 million end users of its services and has processed over €100bn in transactions since its inception. Mangopay was named among CNBC’s World’s Top Fintechs in July 2024 and its Fraud Prevention solution won a Fintech Breakthrough Award in March 2024.

Mangopay announces Sergi Herrero as new CEO

**Paris, September 10, 2024** - [Factoryz](https://factoryz.fr), a circular economy platform that allows businesses and organisations to resell materials and equipment, has selected [Mangopay](https://mangopay.com) to power its payments - starting with its sustainability efforts around the global sporting events held in Paris this summer.

The Factoryz platform enables clients to sell unused or nearly new products to other businesses and private customers, helping them comply with sustainability regulations and create revenue streams from surplus goods. Mangopay’s embedded end-to-end payments flow will provide Factoryz clients with a seamless and secure payment experience directly within the platform for the first time.

Factoryz already works with renowned companies such as Naval Group, SNCF, ID Logistics as well as multiple other large groups. Factoryz was chosen to organise the reuse of materials and equipment which will become available at the end of the global sporting events held in France this summer.

Factoryz was founded in Angers, France, in 2017 by Jean-Baptiste Guigonet, a former director of high tech projects at Thales, and Eric Launois, former director of major industrial sites in France and abroad. In 2023, Factoryz helped reduce the emission of 15,000 tonnes of CO2 and enabled the reuse of €6 million of equipment and materials. 

Mangopay, a flexible and modular payment solution for platforms, already has an established footprint in supporting circular economy platforms, with clients like Vinted, Wallapop and Leboncoin. The company has processed more than €100 billion in transactions and has more than 250 million end users of its solutions. Mangopay solutions enable platforms to build personalised and automated payment journeys, thereby facilitating revenue growth, improving the customer experience and helping to prevent fraud.

Eric Launois, DG at Factoryz, said: “We are extremely proud of our association with Mangopay which, like us, has an established presence in France. Our managed processes and platforms enable large organisations to meet their sustainability goals and Mangopay's solutions enable smooth transactions within a trusted environment for all stakeholders.”

Tristan Torres-Velat, VP Global Sales at Mangopay, said: “Sustainability is an increasingly critical part of business strategy for modern organisations. Our payment solutions play a vital role in the circular economy, and this partnership with Factoryz is another example of this. With Mangopay's integrated payments infrastructure, Factoryz customers will benefit from an optimised user experience."

**About Factoryz**

Created in 2017, Factoryz is a start-up based in Angers, France. The co-founders, Jean-Baptiste Guigonet and Eric Launois are former executives at leading industry organisations. Factoryz makes it easier to reuse equipment and materials that companies no longer use. Nearly 6,000 professionals use Factoryz solutions. Reuse between sites of a large company and with its stakeholders is an alternative purchase to new with immediate economic and environmental benefits. In 2023, 65,000 resources were reused on Factoryz platforms, generating savings of 6 million euros and an impact of more than 15,000 tonnes of CO2. The company currently has 12 employees.

**About Mangopay**

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has over 250 million end users of its services and has processed over €100bn in transactions since its inception. Mangopay was named among CNBC’s World’s Top Fintechs in July 2024 and its Fraud Prevention solution won a Fintech Breakthrough Award in March 2024.

 Factoryz selects Mangopay to power payments on its circular economy platform

**August 12, 2024; Berlin, Germany:** [Ticombo](https://www.ticombo.com)®, the international ticket marketplace, has announced a new partnership with [Mangopay](https://eu1.hubs.ly/H0bFHdB0), a modular and flexible payment infrastructure provider for platforms, to transform the ticket selling and buying experience. 

Mangopay will manage Ticombo’s end-to-end payment flow from pay-in to payout as Ticombo works to provide a fair, trusted, and transparent experience for its users worldwide. Using Mangopay’s wallet-based payment infrastructure, the ticket marketplace is set to launch a new payment service where users can store funds they receive from ticket sales and easily re-spend the money on other tickets available in the marketplace. 

Based in Berlin, Ticombo allows event organisers, resellers, and consumers from around the world to sell or resell event tickets. Its mission is to transform how fans experience buying tickets for their favorite live events. It prides itself on offering a space where organisers, resellers, and fans can buy and sell tickets in a fair, easy, and secure way. Sellers can sign up to the marketplace by verifying their identity, setting a price, and promoting their tickets in order to sell them. It is the most followed of all reselling platforms in Europe, with over one million Facebook followers.

Founded in 2013, Mangopay supports multiple business models in the platform economy with its modular payment infrastructure. Its programmable e-wallet solution covers platform payment needs, from pay-in to payout, including currency conversion solutions and AI-driven fraud prevention technology.

Commenting on the new partnership, Atle Barlaup, Co-Founder and CEO of Ticombo, said: “The event experience starts at the point of the ticket purchase, which is why our mission since day one has been to put an end to unfair prices, fake tickets, unclear customer services, and unreliable sellers. We are totally committed to providing the ultimate fan experience, both through design and customer service. The payment process is no exception to this which is why we have chosen to partner with Mangopay, to offer the experience that our users deserve.”

Tristan Torres Velat, VP Global Sales at Mangopay, said: “Ticombo is committed to providing a transparent and trustworthy service for its users, and we are delighted to support them in ensuring that this same exceptional experience applies across the payment process. The opportunity for users to re-spend their ticket funds through our wallet technology promises an even easier way for users to buy within the platform, ultimately supporting the growth of the business around the world. Solving these types of specific needs of marketplaces and platforms is what we do best, and we look forward to an exciting partnership with Ticombo.”


**About Ticombo**

Founded in 2017, Ticombo’s mission is to change how fans experience buying tickets for their favorite live events. Ticombo is the first Ticket Marketplace where Organizers, Resellers, and Fans can buy and sell tickets in a fair, easy, and secure way. With a growing team of more than 100 business and technology rockstars, we are working very hard to build a fair, easy, and secure ticket platform for fans all around the world. Buying tickets for live events should give you the same feeling as going to the event and enjoying it. To achieve the best fan experience, we focus on customer-centric design, a high service level, transparency, and a network of reliable international partners.

**About Mangopay**

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has over 250 million end users of its services and has processed over €100bn in transactions since its inception. Mangopay was named among CNBC’s World’s Top Fintechs in July 2024 and its Fraud Prevention solution won a Fintech Breakthrough Award in March 2024.

Ticombo selects Mangopay to transform the ticket-selling experience

**July 17, 2024; Paris, France:** [Mangopay](https://mangopay.com) a modular and flexible payment infrastructure provider for platforms, announces a new global partnership with [ManoMano](https://www.manomano.co.uk), a reference European marketplace specialising in online DIY, home improvement and gardening. The partnership is set to strengthen ManoMano’s platform capabilities and simplify payments for marketplace sellers. 

At the heart of the new collaboration is Mangopay's support for ManoMano's expansion into the enterprise market and providing scalable commerce solutions for major global merchants.

The collaboration between the two companies aims to create a dynamic and user-friendly online marketplace that bridges the gap between specialist sellers in DIY, gardening, and home improvement, and customers seeking the expertise, products, and services offered by ManoMano.

Mangopay specialises in modular, embeddable payment infrastructure for leading platforms worldwide. The company has processed over €100 billion in transactions and supports over 250 million users. Mangopay’s solutions enable platforms to build customised payment systems that drive revenue, facilitate growth, enhance their user experiences and prevent fraud.

ManoMano’s partnership with Mangopay represents a significant advancement in digital transactions for its marketplace and enhancing the seller experience. The integration of Mangopay’s API and e-wallet infrastructure will play a crucial role in ManoMano’s growth, both through its local operations and its international expansion through cross-border payments. The partnership will streamline payment and verification processes, increasing efficiency for sellers and simplifying earnings management and payouts.

Mangopay will also support ManoMano with its cross-border payment needs to expand into new geographies and grow its business in strategically important markets in line with its ongoing expansion plans, including the UK and China. This includes enabling ManoMano to verify sellers and make payments anywhere in the world, in local currencies and to local bank accounts. 

As a regulated electronic money institution, Mangopay will handle ManoMano’s seller payment flows across Europe.

“At ManoMano, our mission is to harness technology to unite people through commerce," said Grégoire Hirtz, Vice President of Operations at ManoMano. "Our collaboration with Mangopay is a strategic move to enhance the payment experience for our community. Mangopay’s innovative modular payment solution has enabled us to create the specific infrastructure we need to support the growth of both our sellers’ businesses and our own."

“At Mangopay, we pride ourselves on supporting leading marketplaces and platforms. Helping our clients’ businesses to grow through innovating together is core to our strategy," said Alexis Ammar, Director of Strategic Sales at Mangopay. "Our flexible payment infrastructure empowers clients to innovate and succeed. We are excited to support ManoMano’s ambitious growth and turn ideas into action together."

**About ManoMano**

Created in France in 2013, ManoMano is the reference online marketplace for DIY, home improvement and gardening. Co-founded by Philippe de Chanville and Christian Raisson, ManoMano, by federating more than 5,000 sellers, brings together the largest offer of DIY & gardening products online, with more than 19 million references. ManoMano operates in 6 markets (France, Belgium, Spain, Italy, Germany and the United Kingdom).

Alongside ManoMano, we launched ManoManoPro in France in 2019. Specially designed by, and for, trade professionals, ManoManoPro is a "one-of-a-kind" dedicated B2B service that aims to make their lives easier. ManoManoPro is now present in all our markets (Spain and Italy in 2020, UK and Germany in 2022).

[www.manomano.fr](https://www.manomano.fr) / [www.manomano.co.uk](https://www.manomano.co.uk) 

**About Mangopay**

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has more than 250 million end users of its services and has processed over €100bn in transactions since its inception. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for its best-in-class payment services and its Fraud Prevention solution won a Fintech Breakthrough Award in March 2024.

Mangopay and ManoMano partner to power new payment capabilities for marketplace businesses

**June 27, 2024; London, UK:** [Driffle](https://driffle.com), a digital goods marketplace specialising in gaming products, has announced a new partnership with [Mangopay](https://mangopay.com), a modular and flexible payment infrastructure provider, to transform the user experience.

Mangopay will provide a customised end-to-end payment flow, including pay-in, e-wallet management, seller payout, and KYC/KYB. This will enable Driffle to offer a seamless, safe, and compliant experience for its users. Mangopay’s e-wallet solution will allow buyers to store and re-spend money within the platform, improving user experience and unlocking additional potential revenue for Driffle. Additionally, Driffle will leverage Mangopay’s AI-driven Fraud Prevention solution to safeguard against transactional fraud and promotion abuse. 

With offices in London, Vilnius, and Delhi, Driffle connects buyers with merchants selling digital gaming products, including games, gift cards, and downloadable content. Driffle has scaled rapidly and now has more than one million users in 190 countries.

Mangopay specialises in providing modular, embeddable payment and fintech infrastructure for leading platforms worldwide. The company has processed over €100 billion in transactions and supports over 250 million users. Mangopay’s award-winning payment solutions enable platforms to build customised payment systems, facilitating business growth, enhancing user experiences, and preventing fraud.

Driffle CEO and founder Chetan Bhardwaj said: “Mangopay’s solution supports our business model perfectly by meeting our complex pay-in and payout needs. With users in more than 190 countries and various KYC requirements, we needed a flexible partner. The Mangopay team has shown exceptional attention to detail, providing us with a solution that will increase retention and streamline our product pipeline.”

Alex Taylor, Head of Sales at Mangopay, said: “Driffle’s journey has been remarkable, and we are proud to support the next phase of their growth. Our technology improves the experience for buyers and sellers on the platform and is designed to increase conversion and retention, unlocking additional revenue for Driffle. With buyers and sellers worldwide preferring different payment methods, our tailored solution for Driffle exemplifies how Mangopay drives growth through customised technology and solutions.”

**About Driffle**

Driffle is a pioneer in the future of gaming and e-commerce, providing its users worldwide with access to affordable and authentic digital goods. Their product range includes games, gift cards, game points, and downloadable content (DLCs), all available at remarkably low prices. The flexibility in payments allows gamers to make purchases in their local currency, simplifying the transaction process and enhancing accessibility. Driffle's commitment to convenience is exhibited in their rapid delivery of games and digital keys, for users to enjoy their purchases instantly. In their effort to cater to a global audience, Driffle's website is available in multiple languages, providing a hyper-localised shopping experience that respects each customer's linguistic preferences. Driffle is a gamer's heaven when it comes to safe, reliable and authentic gaming and digital goods. [driffle.com](https://driffle.com)

**About Mangopay**

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has more than 250 million end users of its services and has processed over €100bn in transactions since its inception. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for its best-in-class payment services and its Fraud Prevention solution won a Fintech Breakthrough Award in March 2024.

Driffle selects Mangopay to level-up digital gaming product platform

**June 20, 2024; Paris, France:** [Mangopay](https://mangopay.com), a leading provider of modular and flexible payment infrastructure for platforms, is pleased to announce the appointment of Mark Fleming as Chief Commercial Officer. Mark will join CEO Romain Mazeries’ leadership team to spearhead Mangopay’s international expansion and growth into new client industries, furthering the company’s impact on the platform economy.

Mark brings 20 years of experience in payments and SaaS, including a distinguished nine-year tenure at Worldpay. As Worldpay’s General Manager - EMEA, Global eCom and while previously serving as SVP Global Business Development - Global eCom, Mark was instrumental in crafting and executing the company's global commercial strategy. Additionally, Mark served as Vice President of Business Development at GlobalCollect (now Worldline) and contributed his expertise as a member of the Merchant Risk Council European Advisory Board.

Mangopay, which was [acquired by Advent International in 2022](https://mangopay.com/press-and-media/acquisition-by-advent), specializes in providing modular, embeddable payment and fintech infrastructure that powers leading platforms worldwide. The company has processed over €100 billion in transactions and now supports over 250 million end users. Mangopay’s award-winning payment solutions enable platforms to build customized payment infrastructures, facilitating business growth both locally and internationally, enhancing user experiences, and safeguarding against fraud.

Mark's appointment comes as Mangopay scales its operations to meet the evolving needs of the burgeoning platform economy. His role will be pivotal in supporting clients' cross-border growth and expanding Mangopay’s presence into new verticals and new geographies while reinforcing its established market position in Europe.

Commenting on Mark’s appointment, Romain Mazeries, CEO of Mangopay, said: “Mark is a proven leader in payments, fintech, and SaaS, with a remarkable track record in driving go-to-market strategies, enhancing operational performance, and expanding market reach. We are thrilled to welcome him to the Mangopay team. His expertise will be invaluable as we introduce innovative solutions that elevate the standard for platforms across various sectors. This marks the beginning of an exciting growth phase for Mangopay, supported by a strengthened leadership team.”

Mark added: “Mangopay’s relentless innovation and unique value proposition present a very real growth opportunity for the businesses we serve. Our ability to support clients as they scale—whether building on, around, or beyond our solutions—positions Mangopay to thrive in the dynamic, growing platform industry. I am  thrilled with the opportunity to collaborate with Romain and the entire Mangopay team as we continue to expand our footprint  and drive Mangopay’s future success.”

**About Mangopay**

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has more than 250 million end users of its services and has processed over €100bn in transactions since its inception. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for its best-in-class payment services and its Fraud Prevention solution won a Fintech Breakthrough Award in March 2024.

Mangopay announces the appointment of Mark Fleming as Chief Commercial Officer

**June 11 2024; London, UK:** [Omnipresent](https://www.omnipresent.com/products/contractors), a leading provider of global employment solutions, has partnered with [Mangopay](https://mangopay.com), a modular and flexible payment infrastructure provider for platforms, to power its new Contractor Management Solution. 

Mangopay is providing pay-in, e-wallet, payout and FX infrastructure for the new addition to the Omnipresent platform, which will streamline contractor management in over 200 countries by ensuring seamless multi-currency payments, compliance, and administrative efficiency for businesses.

Omnipresent’s Employer of Record service helps businesses effortlessly employ international teams in countries where they don’t have an entity. Its new Contractor Management Solution is designed to solve the complexities of managing an international contractor workforce. 

This new Contractor Management Solution helps global businesses send payments to contractors in regions where there is no company presence. Specifically, it helps customers ease the administrative burden of tracking contractor invoices, and ensure timely payments. It is also designed to reduce the risk of contractor misclassification, which can lead to legal complications and financial penalties.

Leveraging Mangopay’s industry-leading FX capabilities, the Omnipresent Contractor Management Solution allows businesses to optimise multi-currency payments as part of its compliant end-to-end fund management flow.

Founded in 2013, Mangopay supports multiple business models in the platform economy with its modular payment infrastructure. Licensed as an Electronic Money Institute by the Financial Conduct Authority in the UK, its programmable, embedded e-wallet solution covers platform payment needs, from pay-in to payout, including currency conversion solutions and AI-driven fraud prevention technology.

Yoav Artzi, VP of Product, Omnipresent said: “As companies expand their international footprint, managing contractors efficiently becomes crucial. However, businesses often face challenges in ensuring timely payments, tracking invoices, and navigating complex compliance landscapes. Our solution, powered by Mangopay’s payments infrastructure, specifically addresses the complex risks of misclassification, ensuring companies can operate with confidence and focus on their core activities. We're making international contractor management not just easier, but also safer.”

Alex Taylor, Mangopay’s UK Head of Sales, said: “We are delighted to be playing a vital role in the launch of such an innovative and exciting new product from Omnipresent. The solution we are providing is a great example of how our modular and flexible infrastructure is able to support specific use cases for employment and HR platforms. In particular, this partnership highlights the power of our [FX solution](https://mangopay.com/products/fx), as it enables Omnipresent customers to seamlessly manage international payments in a compliant and efficient manner, reducing operational costs and providing an improved experience for users.” 

**About Omnipresent**

Omnipresent is a global employment solutions provider that simplifies international hiring, onboarding, payroll, and compliance. By offering a comprehensive suite of services, Omnipresent enables businesses to build and manage their global teams with ease, ensuring compliance and operational efficiency. Headquartered in London, Omnipresent serves thousands of clients and operates in over 200 countries, supporting businesses of all sizes in their global growth journeys.

[https://www.omnipresent.com](https://www.omnipresent.com)

**About Mangopay**

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has more than 250 million end users of its services and has processed over €100bn in transactions since its inception. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for its best-in-class payment services and its Fraud Prevention solution won a Fintech Breakthrough Award in March 2024.

Omnipresent chooses Mangopay to power new global employment product with embedded multi-currency solution

**Madrid, June 6, 2024:** [Mangopay](https://mangopay.com), a modular and flexible payment infrastructure provider for platforms, reinforces its commitment to the Spanish entrepreneurial ecosystem, announcing partnerships with three fast-growing businesses including Filmo, Kuarere and Webel. The agreements with these three new Spanish platform clients increases Mangopay's presence in sectors including media, entertainment and home delivery services. 
 
Mangopay is providing the payment infrastructure for the rapidly-growing B2C platform [Webel](https://appwebel.com), which grew tenfold in both 2022 and 2023, with 2.5 million euros in bookings last year. The on-demand home service platform is based on an application that allows users to book home-based services from more than 30 different categories, ranging from cleaning, tutoring, care or beauty services. Today, Webel has more than 400,000 users and is available in 13 Spanish cities, with plans for international expansion. 

Founded just three years ago, [Filmo](https://www.filmoapp.com) is an innovative B2B2C platform that allows individuals and companies to rent audiovisual material through a mobile app, acting as a facilitator for users looking to rent out their equipment securely. The Filmo community already has more than 5,000 users and 1,500 audiovisual products registered on the platform with a value of more than €3.5 million. In April this year, Filmo launched its B2B service for businesses, attracting more than 100 industry suppliers and achieving 75% growth in just one month.

[Kuarere](https://kuarere.com/home) is a C2B platform for renting space for audiovisual productions, filming, events, commercials or movies. It features more than 4,000 properties across Spain, ranging from shopping malls to homes that hosts can rent out for days or even hours. Among its 10,000 plus registered users are both professional and amateur content creators working on personal projects, and large production companies.

Nicolas Fournié, Country Manager for Mangopay in Spain, said: “We are excited to welcome these three revolutionary companies - Filmo, Kuarere and Webel - to our client base in Spain and to drive their growth and innovation in their respective sectors. At Mangopay, we specialise in helping platforms of all types to select and create the payment solution they need to succeed - whether they are new to the market or have an established presence. These partnerships strengthen our position as a digital payments leader, and consolidate our presence in key sectors in Spain.”

Created around a programmable e-wallet solution, Mangopay provides a modular, scalable and agile payment infrastructure, capable of meeting the specific needs of platforms in different stages of growth. For this reason, it has been instrumental in success stories such as Wallapop, a leading platform for buying and selling second-hand products, which implemented Mangopay's payment infrastructure in 2015, at its inception, and with a collaboration that has continued throughout its extensive growth trajectory. 

Mangopay will also be present at booth number 25 of the Marketplace Summit on June 20th in Madrid, Spain. Nacho Tejero, Co-Founder & CEO of Webel, will be speaking on a panel moderated by Nicolas Fournié from Mangopay at 10am to 10.30am, entitled: Services in the Digital Ecosystem: Innovation and Opportunities in Marketplaces. 

**About Mangopay**

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has more than 250 million end users of its services and has processed over €100bn in transactions since its inception. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for its best-in-class payment services and its Fraud Prevention solution won a Fintech Breakthrough Award in March 2024.

Mangopay supports Spanish platforms Webel, Filmo and Kuarere on their rapid growth trajectory

**May 30, 2024; Paris, France:** [Mangopay](https://mangopay.com), a modular and flexible payment infrastructure provider for platforms, today announces the launch of its new Fraud Prevention solution. 

Mangopay’s Fraud Prevention solution provides a fully integrated and payment processor-agnostic AI-driven cybersecurity solution to guard against an evolving range of threats, including account takeover by both bots and humans, reseller fraud, payment fraud, chargebacks, and return abuse. The customisable product offers enhanced protection for platforms to protect themselves from existing and emerging threats, including real-time fraud detection, darknet insights and device fingerprinting. Platforms can connect to the solution through the Mangopay product ecosystem, meaning they can easily protect themselves against fraud without any additional integration. Platforms can also connect their existing payment processors through a seamless, easy-to-integrate API. 

Mangopay’s Fraud Prevention solution leverages an experienced, trusted, and award-winning fraud detection engine based on original Nethone technology - the fraud detection and prevention specialist Mangopay acquired last year. It benefits from years of first-hand darknet insights to help guard platforms against techniques and patterns used by the most advanced fraudsters. Every transaction is screened using signals and trained on billions of data sets from across Mangopay’s vast merchant network, protecting platforms from similar attempted attacks. Via a user-friendly interface, clients remain in full control, with complete visibility of fraud prevention recommendations and actions, with the ability to add their own rules for greater protection. 

Global losses from online fraud were reported to be worth more than $38 billion in 2023* and are forecast to rise to $91 billion in 2028. According to the 2023 Global Ecommerce Payments & Fraud Report, merchants reported 2.9% of e-commerce revenue was lost to payment fraud**. Mangopay’s solution has been created to safeguard e-commerce, marketplace and fintech platforms while minimising friction for legitimate end users. Platforms can access real-time notifications on transaction recommendations and sort fraud inquiries to get granular data on transactional outcomes. They can also leverage machine learning to analyse fraudulent techniques and suspicious user behaviour and benefit from device fingerprinting techniques to identify and track devices used at the checkout to help confirm end-customer identity.

In May 2024, Mangopay [announced the appointment](https://mangopay.com/press-and-media/mangopay-appoints-ariel-shoham-as-vice-president-of-risk-product) of former Meta and Forter product leader **Ariel Shoham as Vice President of Risk Product** to lead the vision, strategy and roadmap for identity and fraud prevention at Mangopay.

He said: "The task of maintaining risk and compliance has become increasingly complex, necessitating not only heuristic rules but also continuous monitoring to adapt to dynamic regulatory changes. This complexity has created the need for adaptive business policies as well as new avenues for fraud at more touch points across the user journey, expanding the attack surface for fraudsters.

"Mangopay is addressing these challenges head-on with our new, fully integrated Fraud Prevention solution, placing it at the forefront of trust and integrity in financial services. Our platform's strength lies in its ability to make data-driven decisions using unique financial and behavioural datasets. With our integrity modules seamlessly integrated into our ecosystem, clients can quickly deploy robust fraud prevention and compliance frameworks. This setup offers fully managed services for smaller clients and extends to a studio of both custom and customisable fraud and compliance presets and models tailored to specific needs, usually required by bigger clients with more complex use cases.

"Mangopay's product suite empowers clients to act on actionable signals and insights, enabling them to effectively manage business risks, compliance requirements, and counteract fraud attempts with minimal disruption to legitimate transactions, and maintaining a delightful experience for good users."

To find out more about our new solution and how companies can safeguard against fraud, please visit [mangopay.com/products/fraud](https://mangopay.com/products/fraud)

**About Mangopay**

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has more than 250 million end users of its services and has processed over €100bn in transactions since its inception. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for its best-in-class payment services and its Fraud Prevention solution won a Fintech Breakthrough Award in March 2024.

**References**

*https://www.juniperresearch.com/research/fintech-payments/fraud-identity/online-payment-fraud-research-report/
**https://merchantriskcouncil.org/learning/mrc-exclusive-reports/global-payments-and-fraud-report


Mangopay launches new AI-driven Fraud Prevention solution for platforms

**23 May 2024; Paris, France:** [Mangopay](https://mangopay.com), a modular and flexible payment infrastructure provider for platforms, has strengthened its team in the UK and Ireland with the appointment of Jonathan Greenland as a new Sales Director. 

Jonathan joins to increase Mangopay’s market share through establishing relationships with key clients while maximising business opportunities.

Jonathan brings over 10 years of experience in Enterprise Sales and Business Development roles in the global payments and fintech industries. He joins from Airwallex where he established its UK enterprise sales function, growing the team and building strong client relationships. 

Before that, Jonathan worked in enterprise sales for GoCardless, where he built global customer solutions and expanded customer relationships with varying use cases, including platforms, marketplaces and e-commerce businesses.

Jonathan's appointment comes as Mangopay continues to further establish its presence in the UK as one of the company’s fastest-growing regions, [following the approval from the Financial Conduct Authority (FCA) of the company’s UK e-money licence in November 2023.](https://mangopay.com/press-and-media/mangopay-granted-uk-e-money-license)

The e-money licence enables Mangopay to issue electronic money enables Mangopay to issue electronic money and facilitate digital payments to meet the needs of UK-based platforms.

Jonathan joins an international team of strategic accounts experts headed by Ryan Lewis, Mangopay’s Global Head of Sales for Strategic Accounts. Commenting on the appointment, Ryan said: “We are thrilled to have Jonathan on board in such a crucial role for the growth of the business. He brings lots of experience in the payments industry and understands the specific challenges that platforms in the UK face when it comes to creating payment solutions to enable growth.

“I look forward to working with him to grow our market share in the UK, Ireland and beyond.”

Jonathan added: “I have closely followed the Mangopay growth journey from a partner and competitor perspective, especially as exceptional colleagues from the payment industry joined the Mangopay team. I am motivated by Mangopay’s expanding presence in the UK alongside the development of our product stack to include more features that will enhance the customer experience, such as payment acquisition and multi-currency settlement. Mangopay offers a white glove service, providing clients with much more than an off-the-shelf solution, and I look forward to providing best-in-class service for our clients and their end-users.”

**About Mangopay**

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has 235 million end users of its services and has processed over €100bn in transactions since its inception. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for its best-in-class payment services and its Fraud Prevention solution won a Fintech Breakthrough Award in March 2024.

Mangopay appoints Jonathan Greenland as Sales Director, Strategic Accounts UK&I

**7 May 2024; Paris, France:** [Mangopay](https://mangopay.com), a modular and flexible payment infrastructure provider that offers 360° fraud prevention for platforms, announces the appointment of Ariel Shoham as Vice President of Product for Risk. Ariel joins to lead the product vision, strategy and roadmap for Identity and Fraud Protection at Mangopay, including its award-winning cybersecurity solution.

Ariel brings over 25 years of multi-disciplinary experience in AI/ML, E-commerce, Regtech, Fintech and Risk/Fraud Detection and Prevention. He joins from Meta (formerly Facebook) where he established and led the KYC/KYB team, enabling regulatory compliance and financial integrity, and building out its financial compliance platform. 

Prior to that, Ariel led product management at Forter including identity and account protection, linking identities and accounts to prevent fraud and abuse, protection against privacy and data breaches, maximising safety and enabling frictionless experiences for authenticated customers. He also co-founded Ed-Tech start-up Smart Sparrow acquired by Pearson. 

Mangopay has been providing its modular payment infrastructure since 2013. It delivers frictionless identity verification and 360° fraud prevention to keep platforms safe and protected across every point of user interaction. It acquired fraud detection and prevention specialists Nethone in 2023 to strengthen its offering to clients, adding its proprietary cybersecurity technology, expertise and intelligence.

Ariel, who will lead a team of product experts specialising in risk, joins during a period of growth for Mangopay as the company scales, expanding its product offering to address the needs of the rapidly-growing B2C and B2B platforms.

Commenting on Ariel's appointment, Kirk Donohoe, Chief Product Officer at Mangopay, said: “Ariel has a wealth of experience and expertise across identity, authentication, financial crime and risk, which will help accelerate the development of our user identification and protection products. He joins Mangopay at an exciting time in our journey as we expand our fraud prevention solutions to address the needs of eCommerce businesses, platforms and the financial services industry. I look forward to working closely with him to optimise user experience while safeguarding platforms to ensure security and compliance."

Ariel added: “Mangopay has a unique product-market fit, attracting great customers and adding value for them through data-driven decisions, based on unique financial and behavioural data. At a time when the security of our financial data has arguably never felt more important, Mangopay provides a robust and trusted environment for the platforms we support. I am looking forward to working with the talented team at Mangopay to bring payment facilitation and fraud prevention together to deliver better decision making, increased safety and lower friction for our clients and ultimately provide a best-in-class value proposition for end users.”

**About Mangopay**
Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for its best-in-class payment services and its Fraud Prevention solution won a Fintech Breakthrough Award in March 2024.

Mangopay appoints Ariel Shoham as Vice President of Risk Product

*Olympe Leflambe, former Senior Legal Director, Payments EU & APAC at eBay, will be joining the COMEX and focusing on strengthening the firm's risk management capabilities and ensuring that Mangopay offers a best-in-class customer experience.*

**Paris, 29 September 2022** – Mangopay, a major European payment solutions provider for marketplaces and platforms, announced the appointment of Olympe Leflambe as General Counsel, Legal & Compliance. This newly created position underlines Mangopay's strong commitment to innovating in a regulated environment, in order to not only meet its customers and prospects' new uses and needs, but also to ensure the scale-up offers a best-in-class customer experience that is compliant with legal obligations.

The appointment of Olympe Leflambe, who will report to CEO Romain Mazeries, is another step for Mangopay in becoming one of the key global payment solutions providers powering the platform economy. Bringing her wealth of experience in legal practice to Mangopay, Olympe will provide strategic advice to the company’s senior leadership team as the company makes moves to strengthen its commitment to regulatory compliance and engage with policymakers and regulators globally.

With more than 20 years of experience in the payment industry, Olympe joins Mangopay at a critical time amid an ever-evolving digital asset landscape, where the impetus for regulation is growing. Olympe will manage and develop the legal and compliance teams to support the scale-up’s strong ambitions. Moreover, she will provide business-enabling legal and compliance guidance and work closely with Mangopay's leadership team and its stakeholders to consolidate its leadership status within the industry .

Prior to joining Mangopay, Olympe was Senior Legal Director, Payments EU & APAC Senior at eBay. She also worked at Amazon as Senior Corporate Counsel – EU payments where she provided support and strategic advice on a wide range of commercial and regulatory matters relating to Amazon EU payments businesses. During her career in the marketplace and payment industries, Olympe Leflambe has also worked at PayPal where she supported the activity in Southern Europe & Eastern Europe. She holds an international business licence degree from the University of La Sorbonne in Paris and a master’s degree in law from the University of Lausanne where she wrote a thesis on Legal aspects of Electronic money.

“*Platforms continue to be the paradigm shift in digital commerce that is connecting the regulation and compliance are crucial to sustaining its role in the transformation of the payments ecosystem. I am thrilled to join Mangopay at such a key moment to lead its global Legal and Compliance team*”, said **Olympe Leflambe**, General Counsel, Legal & Compliance at Mangopay. “*I will be bringing my deep knowledge and experience to an exciting digital payment solutions pioneer , which is focusing 100% of its efforts on the specific needs of marketplaces and platforms. I look forward to working with the team to continue to uphold the highest standards of regulatory compliance, in all of the jurisdictions in which it operates*''.

Mangopay CEO, **Romain Mazeries** said: ”*I am pleased to welcome Olympe Leflambe. As our team focuses on expanding our product offers to accelerate Mangopay's growth, we believe that Olympe’s experience and legal knowledge will prove to be an invaluable asset to us. I am confident that she will strategically steer our team to set new industry standards for regulatory compliance and implement risk management best practices as we embark on our next phase of growth globally. She joins us at a critical time and will play a key role working with me, our Board and the rest of our team.*”

**ABOUT MANGOPAY**
Mangopay empowers the platform economy with its unique and comprehensive payment infrastructure. Created in 2013, Mangopay serves 2,500 + leading platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay's end-to-end infrastructure covers all platform payment needs with total integration flexibility and workflows for every business model.

Mangopay appoints Olympe Leflambe as General Counsel, Legal & Compliance

*Millions of businesses using Mangopay payment infrastructure can offer their customers flexible and transparent payment options with Hokodo’s solution.*

**London, May 2023** – [Hokodo](https://www.hokodo.co/), Europe’s leading provider of digital trade credit, and [Mangopay](https://mangopay.com/), platform-specific payment infrastructure provider, announced a strategic partnership that **makes Hokodo's solutions available to Mangopay B2B platforms**. This cooperation will allow B2B marketplaces to foster their growth and scale their payments capability.

Marketplaces continue to become increasingly ubiquitous in the B2B e-commerce space. Thousands of industry-specific marketplaces are now in operation, serving as a bridge connecting suppliers with business buyers globally. 

Large suppliers and other merchants are capitalizing on the phenomenon, with **75% actively developing marketplace strategies**. With up to **80% of B2B transactions expected to take place online by 2025**, seamless online payment experiences are a priority for B2B buyers.

As the B2B marketplace industry continues to grow, the payment experience remains a key differentiator for such players. Enhancing Mangopay’s payment infrastructure capabilities with Hokodo is a meaningful step to help B2B players drive global growth for marketplaces. 

With their combined solutions and expertise, the two companies deliver a comprehensive payment offering and optimized payment flows for B2B marketplaces. From the **granting of credit terms and payment collection through the disbursement of funds to sellers and marketplace operators’ commissions, funds flow smoothly thanks to the partnership**.

*“The success of a given marketplace relies partly on providing buyers and sellers with a payment experience that they cannot replicate off-platform. Business buyers expect payment terms, while suppliers want to get paid upfront,” explains [**Raphael Caruso**](https://www.linkedin.com/in/raphaelcaruso/), **Director of Strategic Projects & Partnerships at Hokodo**. “Marketplace operators also need access to their funds as soon as possible to avoid working capital issues. Together, Mangopay and Hokodo’s complementary solutions satisfy the demands of each party.”*

*“Businesses need to move quickly to keep up with changing consumer preferences to help drive increased conversion," said [**Luke Trayfoot**](https://www.linkedin.com/in/luke-trayfoot-04042430/?originalSubdomain=uk), **Chief Revenue Officer at Mangopay.** “For ten years, Hokodo has been a powerful solution for businesses to reach new customers and drive growth. Mangopay users can now get started accepting payments with Hokodo in mere minutes and providing better payment user experience which ensures higher conversion."*

---
**ENDS**

**Contact Hokodo**
Ethan Cumming, Content & PR Manager at Hokodo -  contact@hokodo.co 

**Contact Mangopay**
Manuel Chaplet - European PR Manager, Mangopay - press@mangopay.com 

**About Hokodo**
Hokodo is a fintech scaleup bringing B2B commerce into the 21st century with Digital Trade Credit and B2B Buy Now, Pay Later solutions. Hokodo’s technology empowers B2B merchants to sell more by offering credit terms to their business customers instantly, even on their first purchase. In turn, customers benefit from additional payment terms, interest-free, through a frictionless BNPL checkout experience. Hokodo’s solutions are backed by Lloyd’s of London via the Channel Syndicate, a unit of SCOR SE.
[*Hokodo*](https://www.hokodo.co/)

**About Mangopay**
Mangopay empowers the platform economy with its modular payment infrastructure. Created in 2013, Mangopay has supported 2,500+ platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in to payout, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms.
[*Mangopay*](https://mangopay.com/)


Hokodo and Mangopay collaborate to deliver a payment infrastructure tailored for B2B platforms

London, UK; 7 November 2023 – Mangopay, a platform-specific payment infrastructure provider announces a new partnership with Aria, a leading provider of deferred payment infrastructure for B2B marketplaces and platforms. The collaboration aims to empower B2B marketplaces and transactional Software-as-a-Service (SaaS) companies with robust tools to manage their payments and credit efficiently.

As momentum in the B2B marketplace and SaaS industry builds, the payment experience continues to play a key role in the domestic and international growth of businesses in the space. In Mangopay's latest fintech innovation for B2B marketplaces, its agreement with Aria combines its modular payments offering with Aria’s credit technology and lending solutions. 

As the B2B marketplace and SaaS sectors continue to grow, the quality of the payment experience is increasingly crucial for businesses expanding both domestically and internationally. Mangopay's recent update in its financial technology offerings for B2B marketplaces is a partnership with Aria. This partnership integrates Mangopay's flexible payment services with Aria’s expertise in credit assessment and lending solutions.

Aria’s B2B offering includes immediate payment options, deferred payment collections, the efficient disbursement of funds to vendors, and the meticulous handling of marketplace operator commissions, helping to reduce credit and payment risk. Business buyers can purchase goods and Pay Later for up to 90 days while sellers receive payment upon the shipment of goods, which can increase sales volume and support cash flow management for both sellers and business buyers. Crucially, allowing the marketplace to own their customer experience and provide a highly tailored checkout experience. 

The partnership between Mangopay and Aria launched today highlights both companies’ commitment to driving payments innovation for B2B marketplaces - an industry with complex payment needs and dynamics. Through a combination of modularised marketplace payment infrastructure and  comprehensive credit solutions, the companies’ shared vision is to empower marketplaces with unmatched control over their payment strategies, complemented by easy access to trade credit.

“Our partnership with Aria is the latest powerful example of Mangopay’s unwavering commitment to fintech innovation for B2B marketplaces. Aria's dedication to optimising B2B payments and credit aligns perfectly with Mangopay's ambitions,” explains Luke Trayfoot, Chief Revenue Officer at Mangopay. ”Our aim is to power the payment infrastructure and operations of the world's largest and most innovative marketplaces and platforms. Our solution enables them to build, operate and evolve their payments stack in a way which powers the growth of their business. Together with Aria, we believe in paving the way for a future where payment solutions are not just seamless but also transformative.”

“At Aria, we are delighted about this partnership with Mangopay, which is the result of a shared vision between our two companies and natural synergies in our respective solutions,” said Clément Carrier, CEO of Aria. “Our partnership with Mangopay, a major player with extensive reach in B2B marketplaces, better positions us to deliver a market-leading customer experience. It demonstrates how two innovative fintech organizations can work together to simplify access to necessary payment options for B2B marketplaces.

**About Mangopay**
Mangopay empowers the platform economy with its modular payment infrastructure. Created in 2013, Mangopay has supported 2,500+ platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in to payout, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms and in October 2023 it was named one of FXC Intelligence’s most promising cross-border payment companies. [www.mangopay.com](www.mangopay.com)

**About Aria**
Aria provides B2B marketplaces and platforms deferred payment infrastructure to offer suppliers payment in 24 hours and buyers up to 60 days to pay. Reducing intermediation, increasing sales and eliminating credit or payment risk for B2B Marketplaces. Through its API-centric solution, Aria gives market-leading platforms like Malt and Brigad the tools to automate credit checking, supplier advances and buyer reconciliations. Distinct from competitors, Aria facilitates a customisable customer experience, offering the possibility of maintaining brand consistency or introducing a unique selling proposition within the transactional process, with the option to impose a margin on credit without the intrusion of external branding at the point of sale. More information on [Aria
](https://www.helloaria.eu/)


 Mangopay and Aria partner to transform the payment experience for B2B marketplaces

Paris, 25 September 2023 – Mangopay, a platform-specific payment infrastructure provider and VTEX (NYSE: VTEX), the global enterprise digital commerce platform for premier brands and retailers, announced a global partnership to offer an integration that will enable marketplace operator to cover both pay in and pay out on a single solution. Together, they aim to bolster the limitless growth of global marketplaces by ensuring frictionless buying and selling experiences.

As the world anticipates an impending recession, retail businesses are intensifying their platformization efforts. In these times, the search for external expertise to navigate intricate business models and dynamic customer demands has become paramount. Recognizing this challenge, Mangopay and VTEX have joined forces to redefine the dynamics of marketplace operations. This collaboration signifies a groundbreaking shift towards enhanced efficiency and scalability in marketplace.

Marketplaces powered by VTEX will be able to cater to local payment preferences, thanks to Mangopay's modular global payment infrastructure. Integration introduces a swift and seamless seller onboarding process, complete with thorough identity verification.

“This significant alliance symbolizes a further alignment of our shared vision with VTEX to adeptly address our clients' financial services requirements,” said Luke Trayfoot, Chief Revenue Officer at Mangopay. “This move facilitates an automated, seamless payment process benefiting sellers, marketplace operators and the end buyers. Merging the top-tier technology from both our companies paves the way for novel opportunities for online enterprises.”

"We sought a partner capable of empowering our global customer base to realize limitless growth in a scalable marketplace. Mangopay’s international reach enables VTEX to provide a seamless payment process tailored to the country where our customer is operating,” said Prakash Gurumoorthy, general manager EMEA & APAC at VTEX. “This partnership represents a unique alignment between two companies that share a lot in terms of customer positioning: B2C, B2B and marketplace for major retail companies. We are glad to bring to the market such a combination.”


**About Mangopay**
Mangopay empowers the platform economy with its modular payment infrastructure. Created in 2013, Mangopay has supported 2,500+ platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in to payout, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms. 
More information on [Mangopay](www.Mangopay.com).

**About VTEX**
VTEX (NYSE: VTEX) is the enterprise digital commerce platform where forward-thinking CEOs and CIOs smarten up their investments. Our composable and complete platform helps brands and retailers modernize their stack and reduce maintenance costs by rapidly migrating from legacy systems, connecting their entire value chain, and making inventory and fulfillment their strength. 
As a leader in digital commerce, VTEX is trusted by more than 2,600 B2C and B2B customers, including Carrefour, Colgate, Motorola, Sony, Stanley Black & Decker, and Whirlpool, having over 3,400 active online stores across 38 countries (as of FY ended on December 31, 2022). For more information, visit [www.vtex.com](www.vtex.com). 



Mangopay and VTEX partner to elevate global marketplace success

**November 15, 2023; London, UK** - [Mangopay](https://mangopay.com), a modular and flexible payment infrastructure provider for marketplaces and platforms, today announces the expansion of its cross-border capabilities with the launch of its end-to-end FX solution, designed to support the international growth of platforms and marketplaces. Mangopay’s new FX solution aims to reshape how platforms of all types approach currency conversions by bringing more transparency and control into cross-border operations. This enables them to unlock new revenue streams, create local payment experiences for their users, and increase control of their treasury operations.

Mangopay, which was recently named one of FXC Intelligence’s most promising cross-border payment companies, provides its flexible modular payments infrastructure to over 2,500 platforms globally to help them scale, including brands such as Vinted, Chrono24, Wallapop, La Redoute and Rakuten. 

Mangopay’s end-to-end FX solution enables platforms to build a flexible and modular cross-border strategy. It includes Spot FX, which allows platforms to access real-time exchange rates for instant conversion, and Guaranteed FX, which briefly locks in rates to mitigate the risk of currency fluctuations. [In a survey of 200 chief financial officers (CFOs) and nearly 300 treasurers,](https://www.gbm.hsbc.com/en-gb/campaigns/rethinking-treasury-survey-2021) 77% of CFOs in EMEA said that their company had suffered reduced earnings in the previous two years due to avoidable FX risk. 
 
By leveraging Spot or Guaranteed FX, platforms are able to offer local buying experiences that help reduce checkout churn, take control of their treasury and liquidity management, and enable both their buyers and sellers to collect and convert funds in multiple currencies. Platforms can implement FX at any point of the payment flow, without being limited to converting currencies during pay-in or payout.

In addition, Mangopay is strengthening its payout network over the coming months to facilitate faster and more cost-effective global payouts to over 60 currencies, with local settlement in over 20 currencies. 

**Kirk Donohoe, Chief Product Officer, Mangopay**, says: “We consistently hear from the platforms and marketplaces we work with about the importance of taking control of their cross-border money movement so they can create delightful user experiences, optimise operations and drive business growth. Our FX solution completely removes the friction associated with traditional currency conversions, providing the flexibility to easily manage cross-border payment flows. It simplifies FX for the platforms we work with and their customers, from pay-in to payout and money movement within their ecosystem.

“We do well when our customers do well, and supporting their ambition through innovative payment infrastructure and cross-border products remains core to our strategy. We are extremely excited about the opportunity to support the platforms we serve with their international growth.”

To find out more about our new solution and how companies can navigate cross-border payments and currency conversion, please visit [mangopay.com/products/fx](https://mangopay.com/products/fx)

ENDS

**About Mangopay**

Mangopay empowers the platform economy with its modular payment infrastructure. Created in 2013, Mangopay has supported 2,500+ platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in to payout, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms and in October 2023 it was named one of FXC Intelligence’s most promising cross-border payment companies. www.mangopay.com

**Contact**
[press@mangopay.com](mailto:press@mangopay.com) 





Mangopay launches end-to-end FX solution to support global expansion of platforms and marketplaces 

Paris, 21 November 2023 – MANGOPAY, a platform-specific payment infrastructure provider, today announces that it has been selected by Maisons du Monde, a renowned home decor and furniture retailer, to offer seamless payment experiences to its marketplace customers. The integration of Mangopay’s modular payment infrastructure marks a significant step forward in improving digital transactions for Maisons du Monde’s marketplace, ensuring greater customer satisfaction while creating growth opportunities. 

As a global leader in home furnishings, Maisons du Monde holds exceptional customer experiences at the heart of its mission. In line with this commitment, the company sought a payment partner with a significant international presence that could seamlessly manage online transactions and support the business as it scales further. By integrating Mangopay's cutting-edge technology, Maisons du Monde's platforms will benefit from a flexible and robust payment infrastructure, ensuring customers’ transactions are both convenient and secure.

"In the digital experience, payment is the cornerstone, the last and most important sequence for a fluid customer experience," said Constance Fouquet, Digital Chief Executive at Maisons du Monde. "That's why we are committed to strengthening our payment base: having the right partners to ensure the robustness and activity of our customers' experience is fundamental for Maisons du Monde."

Through the new partnership, Mangopay will support Maisons du Monde with its payment needs to expand into new geographies and grow its business in line with its ongoing expansion plans while retaining its focus on delivering an exceptional customer experience. 

“We're thrilled to collaborate with Maisons du Monde, an industry leader that continually innovates in the home decor and furniture market. The company’s strategic foresight and dedication to excellence resonate with our own goals at Mangopay," said Luke Trayfoot, Chief Revenue Officer at Mangopay. “Through our flexible and innovative payment infrastructure and international reach we are looking forward to supporting Maisons du Monde’s growth journey, both ‘at home’ in France and around the world.”

-- ENDS –

**ABOUT MANGOPAY**
Mangopay empowers the platform economy with its modular payment infrastructure. Created in 2013, Mangopay has supported 2,500+ platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in to payout, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms and in October 2023 it was named one of FXC Intelligence’s most promising cross-border payment companies.
www.mangopay.com

**ABOUT MAISONS DU MONDE**
Maisons du Monde is the key player in affordable, desirable and sustainable homes.
As a brand characterized by openness and dialogue, it unites its 7 million customers around desirable and sustainable lifestyles. Atmospheres for the home across multiple styles can be found in its constantly renewed range of furniture and decor. With optimism, creativity, commitment and proximity as its core values, the brand is based on a high-performance, omni-channel model. Digitalisation and customer service drive this love brand and its raison d’être: "To inspire people to be open to the world, so that together we can create unique, welcoming and sustainable places to live". In 2022, Maisons du Monde launched the brand's Good is Beautiful movement, to cement sustainable development within its strategy. This movement rests on five pillars. Allowing beauty and goodness to go hand in hand. Discover the collection and our commitments on www.maisonsdumonde.com


Mangopay brings seamless payment experiences to Maisons du Monde 

**28 November 2023; Madrid, Spain:** Bigcrafters, the new digital delivery platform for artisan products powered by Estrella Galicia, has selected Mangopay, a modular and flexible payment infrastructure provider for marketplaces and platforms, as its new payment partner.

Through its new Spanish marketplace, Bigcrafters aims to make it easy for consumers to enjoy the best craft experience through easy access to artisanal products, and offer craft businesses an online sales platform for their products. The initiative is designed to help accelerate the bigcraft movement to support small businesses and their positive impact on the planet. 

Mangopay provides its flexible modular payments infrastructure to platforms and marketplaces of all types to create payment flows which enable them to provide locally relevant services with the ability to scale. 

Through the new collaboration, Mangopay will support payments between consumers and Bigcrafters sellers, and enable the seamless onboarding of new local businesses to the platform.

“We are very proud of the growth that BigCrafters is experiencing, as a community of producers who, like us, want to challenge the status quo, love things to be well made and create products with passion. Our ultimate goal is to build positive impact commerce that reconnects society with the community of small and large artisans," said Ignacio Rivera, president of Hijos de Rivera Corporation. 

“We’re delighted to be supporting Estrella Galicia on its mission to drive the bigcraft movement and support local businesses in Spain,” said Nicolas Fournie, Head of Sales for Mangopay in Spain. “Our team at Mangopay is passionate about making payments simple for marketplaces - whether that’s established, global platforms or those which are just starting out. We don't believe in ‘one size fits all’, so a new initiative like Bigcrafters was the perfect example of how we can use our modular technology to create a unique solution with specific marketplace needs in mind. Bigcrafters brings a fresh way of thinking to support local artisanal business and we’re excited to help them launch in Spain, and about the future of our collaboration.”

**About Mangopay**
Mangopay empowers the platform economy with its modular payment infrastructure. Created in 2013, Mangopay has supported 2,500+ platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in to payout, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms and in October 2023 it was named one of FXC Intelligence’s most promising cross-border payment companies. [www.mangopay.com](www.mangopay.com)

Contact: [press@mangopay.com](mailto:press@mangopay.com) 

 Bigcrafters powered by Estrella Galicia chooses Mangopay as its payment partner

**London, UK; 5 December 2023** – Mondu, the fast-growing B2B payments company, today announces a new collaboration with Mangopay, a modular and flexible payment infrastructure provider for marketplaces and platforms. 

Through the partnership, the two companies will offer marketplaces across Europe a proven, modular payments infrastructure which can be tailored to meet their needs, with popular B2B payment methods and flexible payment terms.

Mondu first launched in 2021 in Germany with a Buy Now, Pay Later (BNPL) B2B solution for merchants and marketplaces and has since expanded to Austria, the Netherlands and the UK, and is available to buyers in Belgium and France. Its flexible payment solutions include net terms, instalments and digital trade accounts for online checkouts as well as in-person and telesales.

Founded in 2013, Mangopay supports multiple business models in the platform economy with its modular payment infrastructure. The company has supported over 2,500 platforms and marketplaces through its programmable e-wallet solution and end-to-end payment infrastructure which covers everything from pay-in to payout.

With market reports suggesting that the B2B marketplace industry has grown by as much as 8.6 times since 2015, the payment experience continues to play a key role in the growth of businesses operating in the sector. The collaboration between Mangopay and Mondu aims to empower B2B marketplaces with robust tools and a choice of payment methods to manage their payment flows with more flexibility, including those looking to introduce a buy now, pay later service to their B2B customers.

Luke Trayfoot, Chief Revenue Officer at Mangopay, said: “At Mangopay we’re committed to finding new and innovative ways to help our platform customers create and operate payments infrastructures that will help their businesses to scale. Partners such as Mondu are an important part of our strategy, and collaborations like this further strengthen our proposition for B2B marketplaces and platforms. We’re delighted to form this new partnership with Mondu to offer B2B marketplaces more flexibility and easy access to popular payment methods such as buy now, pay later.”
  
Malte Huffmann, Co-Founder and Co-CEO of Mondu added: “Mondu and Mangopay are completely aligned in our vision to simplify the payments process for marketplaces and empower the end customer to purchase and pay how and when they want. Payments play a key role in creating a seamless customer experience, and it’s through this that B2B marketplaces can grow sales volume through improved conversion rates and higher order values, helping to drive business growth. Mangopay provides a fantastic infrastructure service to its clients and we’re excited to partner with them.”

**ENDS**

**Notes to Editors**

Press Contact:

Mangopay - [press@mangopay.com](mailto:press@mangopay.com)
 
**About Mangopay**

Mangopay empowers the platform economy with its modular payment infrastructure. Created in 2013, Mangopay has supported 2,500+ platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in to payout, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms and in October 2023 it was named one of FXC Intelligence’s most promising cross-border payment companies. [www.mangopay.com](www.mangopay.com)

**About Mondu**

Mondu is driving innovation in B2B payments. By bringing B2B payments up to par with B2C and putting customers at the heart of the payment flow, Mondu ensures a seamless and state-of-the-art experience.

Mondu's solution enables merchants and marketplaces to offer their business customers across Europe the most popular B2B payment methods and flexible payment terms in a multi-channel setting, both online and offline. The result is a win-win story: business customers are empowered to purchase and pay when they want. This translates to a higher conversion rate and average order value, ultimately driving growth for merchants and marketplaces.

Mondu was founded in 2021 by entrepreneurs Malte Huffmann, Philipp Povel and Gil Danziger to simplify B2B payment transactions. Mondu now has offices in three markets - Germany, the Netherlands and the UK - and a diverse team of talented professionals with experience from the best companies in tech and elsewhere. Mondu has raised $90 million in equity and debt financing from leading investors Valar Ventures, Cherry Ventures, the FinTech Collective, and VVRB Bank. [www.mondu.ai](https://www.mondu.ai/en-gb/)

Mondu partners with Mangopay to fuel growth in B2B marketplaces through flexible payments

**Paris, France; January 9:** OVO Network, a specialist in high-end, self-catered chalets in the Alps, has selected Mangopay, a modular and flexible payment infrastructure provider for marketplaces and platforms, to streamline the end-to-end payment process for its holiday property rental services. 

Mangopay will provide an optimised payments integration, tailored to the specific requirements of the chalet rental company, from the moment the holidaymaker books their trip, through to the confirmation of the holiday and the transfer of funds to the property owner’s bank account. 

Through the partnership, Mangopay automates guest payments directly to the property owners’ accounts, including requesting funds from guests and managing the integration of third party online travel agents for chalet bookings, supporting OVO Network in reducing resources, time and money spent on manual processes. 

Payment flows are customised to ensure the best experience for both guests and property owners. Guests can pay a deposit up to 18 months in advance to reserve a property, while property owners have the flexibility of choosing from a variety of cancellation policies. Once a booking is finalised and confirmed, remaining funds are collected from the guest and the complete booking value is made to the owner’s local bank or payment account. This provides flexibility and peace of mind in the event of a change of plans.

Using Mangopay’s modular payment infrastructure, OVO Network has also introduced seamless split payments for trip fees to multiple parties including owners and property managers, resulting in a low maintenance, streamlined experience for property owners. 

Founded in 2010, OVO Network is one of the leading high-end chalet rental specialists in the Alps, welcoming over 30,000 guests every year and featuring over 200 properties. 

Commenting on the new partnership, Chris Thompson, Director of OVO Network, said: “From the very start of our journey, our focus has been on offering the highest standards, through exceptional properties, outstanding locations and first-class facilities. This high-end experience begins at the point of booking, which is why we chose Mangopay to manage our payment process from start to finish. The flexibility of Mangopay’s technology to create an infrastructure that meets our specific needs, along with the high level of dedicated support they provide, have been transformational for us.”

Tristán Torres Velat, Director of Sales at Mangopay, added: “OVO Network’s focus on quality is evident throughout everything they do, so we are delighted to support them in applying these same high standards to the payment process for guests and owners. The travel industry brings a specific set of challenges when it comes to payments. Our modular and flexible infrastructure enables businesses in the sector to reduce the operational burden of the payments process, and easily create solutions with their own specific needs in mind.” 

**About OVO Network**

OVO Network is a specialist in high-end self-catered chalets across the Alps. Launched in 2010 with just one property, the company now has over 200 properties in resorts including La Clusaz, Le Grand Bornand, Morzine, Combloux and St Gervais, as well as in Annecy and around Lake Annecy.

Based in the UK, and with an office in Annecy in the Haute Savoie, the company offers an all-inclusive management, marketing and booking solution for chalet owners. Properties range from five-star chalets to beautifully converted farmhouses and exclusive villas, but only properties that meet the high standards of OVO Network are invited to join. [www.ovonetwork.com](https://www.ovonetwork.com/en/home)

**About Mangopay**


Mangopay empowers the platform economy with its modular payment infrastructure. Created in 2013, Mangopay has supported 2,500+ platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in to payout, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms and in October 2023 it was named one of FXC Intelligence’s most promising cross-border payment companies. 
[www.mangopay.com](https://mangopay.com/en-gb)

Contact
[press@mangopay.com](mailto:press@mangopay.com)




OVO Network selects Mangopay to streamline holiday rental payments

**Paris, 2nd March 2023** – Today, MANGOPAY, the platform-specific payment infrastructure provider, and PayPal, a global leader in online payment solutions, announce the strengthening of their long-term strategic cooperation to provide marketplaces with quick access to PayPal’s global payment methods and capabilities. This cooperation will allow marketplaces to easily build a dynamic payment experience and provide additional choice to their end-users by making PayPal available.

This expansion between MANGOPAY and PayPal is a result of a long-term collaboration between the two companies. Since 2016, MANGOPAY and PayPal have cooperated to empower global marketplaces to leverage PayPal payment capabilities and enable fast domestic and cross-border digital payments. As the marketplace industry continues to grow, the payment experience remains a key differentiator for such players. Enhancing MANGOPAY’s pay-in and pay-out capabilities with a popular method such as PayPal, is a meaningful step to help drive global growth for marketplaces.

The advantages for platforms are straightforward. Marketplaces working with MANGOPAY will be able to personalise their payment experience through a single integration, simplifying operations for merchants. Going forward, MANGOPAY and PayPal’s cooperation aspires to enable marketplaces to maximise their value by fully leveraging PayPal’s streamlined processes.

“PayPal’s historical collaboration with some of the world's largest marketplaces align with MANGOPAY’s mission to unleash platform growth by reducing complexity in today’s borderless world,” explains Romain Mazeries, CEO of MANGOPAY. “Payment choice and flexibility have always been a critical part of a successful marketplace experience. Platforms today must address complex payment needs to help drive increased conversion. That is why our expanded strategic cooperation with PayPal is key and will allow us to build the most comprehensive payment environment that platforms need to succeed.”

David Bruce VP, Global Head Channel Partnerships, PayPal, highlights: “Marketplaces are growing fast and need strong support when it comes to payment. MANGOPAY enables marketplaces to unlock amazing payment experiences for buyers and sellers. Our digital payment method is already used by many marketplaces and we are happy to embark on this new journey with MANGOPAY.”

-- END--

**ABOUT MANGOPAY**

MANGOPAY empowers the platform economy with its unique and comprehensive payment infrastructure. Created in 2013, MANGOPAY serves 2,500 + leading platforms and marketplaces. Built around its programmable e-wallet solution, MANGOPAY’s end-to-end infrastructure covers all platform payment needs with total integration flexibility and workflows for every business model.
[www.mangopay.com](https://www.mangopay.com)

Mangopay and PayPal announce cooperation, aimed to provide advanced solutions for marketplaces’ complex payments needs

**February 6 2024; Amsterdam, Netherlands:** B2B payments platform [Sprinque](https://www.sprinque.com/) today announces a partnership with [Mangopay](https://mangopay.com/), a modular and flexible payment infrastructure provider for marketplaces and platforms.

The collaboration enables merchants and marketplaces to take advantage of holistic and customisable payments infrastructures and terms, allowing them to grow revenues by tapping into B2B cross-border opportunities.

The partnership between Mangopay and Sprinque launched today highlights both companies’ commitment to driving payments innovation for B2B marketplaces.

Established in Amsterdam in 2021, Sprinque is the B2B payments platform that helps merchants and marketplaces expand globally by enabling frictionless purchasing with business customers. Sellers can conveniently service international buyers by offering them the net payment terms flexibility they need to complete the transaction, while risk and fraud management and other financial operations are handled by Sprinque. Sprinque is headquartered in Amsterdam and has offices in Berlin and Madrid.

Founded in 2013, Mangopay supports multiple business models in the platform economy with its modular payment infrastructure. The company has supported over 2,500 platforms and marketplaces through its programmable e-wallet solution and end-to-end payment infrastructure which covers everything from pay-in to payout.

With market reports suggesting that the B2B marketplace industry has grown by as much as 8.6 times since 2015, the payment experience continues to play a key role in the growth of businesses operating in the sector. 

The collaboration between Sprinque and Mangopay is designed to empower B2B marketplaces with robust tools and a choice of payment methods to manage their payment flows with more flexibility, including those looking to introduce a buy now, pay later service to their B2B customers.

Sprinque CEO Juan Espinosa said: “We are incredibly excited about this partnership between Mangopay and Sprinque as this creates collaboration in an ecosystem where ambitious international merchants, both B2C and B2B, will be able to have access to both consumer and business tools to ensure that they are able to capture and service both sides of the coin, B2C and B2B.“

“We are also extremely aligned with Mangopay's vision in terms of capturing the opportunity at a global scale so we couldn't think of a better partner for us at this stage.”

Derrick Lynagh, Head of Sales, Partners, at Mangopay, said: “Our aim is to power the payment infrastructure and operations of the world’s largest and most innovative marketplaces and platforms. We’re committed to finding new ways to help our platform customers create and operate payments infrastructures that will help their businesses to scale. 

“Partners such as Sprinque are an important part of our strategy, and collaborations like this further strengthen our proposition for B2B marketplaces and platforms. We’re delighted to form this new partnership to offer B2B marketplaces the chance to meet the demand for a greater choice of payment methods.”
 
**About Mangopay**

Mangopay empowers the platform economy with its modular payment infrastructure. Created in 2013, Mangopay has supported 2,500+ platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in to payout, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms and in October 2023 it was named one of FXC Intelligence’s most promising cross-border payment companies. [www.mangopay.com](https://mangopay.com)

**Contact**
[press@mangopay.com](mailto:press@mangopay.com)

**About Sprinque**

Sprinque is a B2B payment platform that enables merchants and marketplaces to trade seamlessly with business customers across Europe and beyond by inserting trust at first order. Sellers can conveniently service international buyers by giving them the payment flexibility they need to complete the transaction while risk management, financial operations, and dunning are handled by Sprinque. This allows sellers to grow safely across Europe and beyond in a digital world.


Sprinque partners with Mangopay to provide holistic payments solutions for B2B marketplaces

**February 14 2024; Cologne, Germany:** Germany's largest automotive marketplace mobile.de has appointed [Mangopay](https://mangopay.com), a modular and flexible payment infrastructure provider for marketplaces and platforms, to launch a tailored payment solution for its end users. Thanks to the new collaboration, consumers buying or selling through mobile.de are now able to pay or get paid for their vehicle within the trusted environment of the marketplace. By embedding payments within the platform the new solution is more user friendly for consumers making transactions when buying or selling their car.

Using Mangopay’s wallet-based payment technology, following an easy money transfer process, consumers buying a car through mobile.de’s marketplace can rest assured that their funds will be transferred only once they confirm that the purchase is safely in their hands and they are happy with it. Sellers are also given peace of mind that the funds are being processed in a trusted environment and the transaction will be made into an account of their choice. The new end-to-end user journey means consumers do not need to leave the mobile.de-branded experience which they know and trust. 

Founded in 1996, [mobile.de](https://www.mobile.de) is Germany's largest automotive marketplace with around 1.4 million advertised cars, commercial vehicles and motorcycles. Both private customers and about 40,000 registered automotive dealers use the platform. Together with its partner platform Kleinanzeigen, mobile.de is visited by around 20 million unique users every month. mobile.de also offers financing and leasing options.

Ajay Bhatia, CEO at mobile.de said: “For many people, buying a car is one of their biggest investments, and there is a great need for a safe payment solution. Therefore mobile.de has launched "Safe Pay" in close cooperation with Mangopay. We are convinced that Safe Pay will drastically improve the user's car buying journey.” 

Romain Mazeries, CEO at Mangopay, added: “Supporting the growth ambitions of the marketplaces we work with is core to our mission at Mangopay, and we are delighted to be working with mobile.de to transform its offer and customer journey. We are committed to driving their growth and delivering an exceptional user experience through our solutions.”

**About Mangopay**

Mangopay empowers the platform economy with its modular payment infrastructure. Created in 2013, Mangopay has supported 2,500+ platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in to payout, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms and in October 2023 it was named one of FXC Intelligence’s most promising cross-border payment companies. [www.mangopay.com](https://mangopay.com)

**Contact**
[press@mangopay.com](mailto:press@mangopay.com)

**About mobile.de**

mobile.de is Germany's largest vehicle market with around 1.4 million advertised cars, commercial vehicles and motorbikes. Both private customers and more than 40,000 registered vehicle dealers use the platform. Leveraging the advertising reach of its sister platform Kleinanzeigen, mobile.de offers car dealers a reach of 20 million individual users per month (source: AGMA digital facts; mobile.de, classifieds (categories: cars, motorbikes, commercial vehicles, motorhomes); average month April 2022 to March 2023). As a "one-stop shop", mobile.de's offering includes financing and leasing solutions in addition to buying and selling.

Founded in 1996, the company, like Kleinanzeigen, is a subsidiary of Adevinta, one of the world's leading providers of online classifieds portals.



Mobile.de enlists Mangopay to transform the car-buying experience

**March 14 2024; Paris, France** - Nethone, a Mangopay company, has been recognised for its industry-leading cybersecurity solution, winning a FinTech Breakthrough Award.

Facing strong competition from more than 4,000 global nominations, Nethone was named Best Fraud Prevention Company at the 2024 awards.

The [FinTech Breakthrough Awards](https://fintechbreakthrough.com/2024-winners/) aim “to perform the deepest evaluation of the comprehensive FinTech sector, and then recognize the creativity, hard work and success of these innovative FinTech companies, technologies, and products around the world”.

Nethone’s proprietary AI-driven technology solves fraud challenges for global financial institutions, platforms, and marketplaces, including brands such as Vinted, ING, Wallapop, BlaBlaCar, and Ratepay. Its advanced monitoring and blocking techniques protect against over 100 types of fraud risks, including network anonymization, remote access tools (RATs), bots, account takeover and jailbroken devices.

With first-hand fraud intelligence, Nethone can reverse engineer fraudsters' tactics and adapt their risk detection system to existing and emerging fraud trends.

[Mangopay](https://mangopay.com), a modular and flexible payment infrastructure provider for marketplaces and platforms, acquired fraud detection and prevention specialists Nethone in 2023 to strengthen its offering to clients, adding proprietary cybersecurity technology, expertise and intelligence.

Maciej Pitucha, Mangopay’s VP of Product and Data, responsible for the group’s fraud prevention solutions, said: “We are thrilled to win this award and receive this recognition at what is a crucial time in the fight against fraud.

“Losses from fraud were estimated to be worth more than $38 billion globally last year and are forecast to rise to $91 billion by 2028, so it’s never been more important for ecommerce companies to go the extra mile to protect their business and their users. 

“Mangopay's fraud prevention solution, powered by Nethone, provides the payments industry with a modularized approach that offers end-to-end protection at every step of the user journey from login to post-payment, giving clients and partners peace of mind.”

**About Mangopay**

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in to payout, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms and in October 2023 it was named one of FXC Intelligence’s most promising cross-border payment companies. [www.mangopay.com](https://mangopay.com)

**Contact**
[press@mangopay.com](mailto:press@mangopay.com)

Nethone, a Mangopay company, wins Fraud Prevention accolade at FinTech Breakthrough Awards

**March 12 2024; London, UK:** Luxury hotel guest experience management platform [Eleanor](https://eleanorapp.com) has appointed [Mangopay](https://mangopay.com), a modular and flexible payment infrastructure provider for marketplaces and platforms, to launch a tailored payment solution for its hotel and resort clients.

Through its suite of apps, Eleanor provides high-end hotels and resorts with concierge technology to help manage guest services, including paying bills, reserving restaurants and booking excursions and experiences such as spa treatments. 

Thanks to Mangopay’s embedded payments infrastructure, hotels and resorts can take full control of transactions via the Eleanor platform, making handling payments secure and more user friendly, while opening up an additional revenue stream for the brand.

Eleanor, headquartered in London, supports luxury hotels and resorts in the Maldives, Sri Lanka, Egypt, Zanzibar, Kenya, Thailand, Europe and the Caribbean. The Eleanor platform helps improve operational efficiency by providing a frictionless guest journey, supporting actions such as contactless check in, paying bills, making reservations for restaurants and spa treatments, as well as generating real-time guest feedback for the hotel or resort. 

Founded in 2013, Mangopay supports multiple business models in the platform economy with its modular payment infrastructure. The company has supported over 2,500 platforms and marketplaces through its programmable e-wallet solution and end-to-end payment infrastructure which covers everything from pay-in to payout.

Eleanor CEO and Co-founder Darren Caple said: “Our new integration with Mangopay elevates the Eleanor suite of apps, providing our clients with a frictionless, secure and compliant way of handling payments from within the platform. It allows them to provide an improved user experience for both their staff and guests, with the aim of improving operational efficiency and reducing costs.

“It also solves a fundamental issue for many of our clients in regions where there are local payment processing challenges, while unlocking a potential revenue stream for our business.”

Mangopay CEO Romain Mazeries said: “Eleanor helps luxury hotels and resorts to offer a world-class service, and we are delighted to support them in applying the same high standards to the payment process for guests, staff and owners.

“Our modular and flexible infrastructure is perfectly suited to support innovative and dynamic businesses in the travel and hospitality industry as they look to scale at speed, while reducing the operational burden of the payments process.”

**About Mangopay**

Mangopay empowers the platform economy with its modular payment infrastructure. Created in 2013, Mangopay has supported 2,500+ platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in to payout, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms and in October 2023 it was named one of FXC Intelligence’s most promising cross-border payment companies. [www.mangopay.com](https://mangopay.com)

**Contact**
[press@mangopay.com](mailto:press@mangopay.com)

**About Eleanor**

Eleanor is a cutting-edge guest experience management platform for holiday resorts, born from over 15 years of on the ground expertise and knowledge. Our innovative solution empowers resorts to elevate their guest experience at every stage of their journey. Eleanor unlocks operational efficiencies, improves communication and boosts incremental revenue. Eleanor is the best Concierge Software Runner-Up at the Hotel Tech Awards 2024 for the third year in a row and is reviewed as a reliable and preferred solution for hotels and resorts looking to improve their operations and guest satisfaction. 

Hotel guest experience management platform Eleanor chooses Mangopay to provide fully embedded payments solution

**February 20 2024; Paris, France:** [Payplug](http://www.payplug.com), an omnichannel payment solution designed for merchants, retailers, and fintechs, has announced a partnership with [Mangopay](http://www.mangopay.com/), a modular and flexible payment infrastructure provider for marketplaces and platforms.

The partnership will allow clients to benefit from a complete, seamless payment solution with Mangopay’s marketplace capabilities, including payout solutions, to complete Payplug’s pay-in expertise. The partnership will support businesses across Europe. Payplug and Mangopay are both headquartered in Paris and already share several mutual clients.

As a payment service provider and acquirer, Payplug’s solution combines performance and security, mastering the entire payment chain to optimise each transaction stage, facilitate critical data sharing, financial processing and fraud management in line with regulation. 

Leveraging its direct connection to the Cartes Bancaires (CB) network, which represents 20% of the total value of transactions in the Eurozone, and Groupe BPCE, first Visa issuer in Europe, Payplug enables its customers to benefit from advantageous programs, resulting for instance in 98% of frictionless requests accepted on BPCE traffic and higher than average results for payments made via CB: +1.8 successful authentication rate points and +7 frictionless rate points. With VISA and Mastercard licences, Payplug also supports multiple currencies worldwide. 

Mangopay has been providing its modular payment infrastructure to marketplaces since 2013. Flexibility is at the heart of its approach, and its modular solution is designed so that marketplaces can select and create a specific payments infrastructure to meet their needs. 

Antoine Grimaud, CEO at Payplug said: “This partnership enables platforms and marketplaces to benefit from the best of both worlds as we add Mangopay’s leading payout solution to our payment chain expertise. 

“We pride ourselves on providing frictionless, high-performance pay-in solutions, combined with secure, fraud-fighting technology. 

“By joining forces with Mangopay, we are able to serve marketplaces and provide a smooth payment process from the purchase by the customers, to the settlement to marketplace sellers.”

Romain Mazeries, CEO at Mangopay, said: “We’re constantly working to make our payment infrastructure ever more flexible to provide our platform and marketplace clients with a modular solution to suit their exact requirements and to help them scale.

“Working with partners such as Payplug are a key part of this strategy as we continue to grow our partner ecosystem, strengthen our proposition and broaden the solutions available to our clients.

“We have known Payplug since its inception, and it’s great to be working together again to provide clients with holistic, seamless and secure payment solutions.”

**About Payplug**

Based in France, Payplug is an omnichannel payment solution designed for merchants, retailers, and fintechs. Its technology platform, dedicated conversion tools and expertise in the payment chain are available through its turnkey modules, API and payment orchestrators. The company consists of a team of 350 dedicated to realising the ambitions of merchants and providing them with a network of over 800 partners. Payplug currently supports 17,000 merchants such as Hast and Plantes pour tous, as well as groups such as BackMarket, Veepee and kiwi.com. Payplug has been part of Groupe BPCE and its Digitalun and Payments division dedicated to payment, digital and data expertise since 2017. [www.payplug.com](http://www.payplug.com)

**About Mangopay**

Mangopay empowers the platform economy with its modular payment infrastructure. Created in 2013, Mangopay has supported 2,500+ platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in to payout, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms and in October 2023 it was named one of FXC Intelligence’s most promising cross-border payment companies. [www.mangopay.com](https://mangopay.com)

**Contact**
[press@mangopay.com](mailto:press@mangopay.com)

Payplug and Mangopay partner to strengthen payments offering for marketplaces and platforms

**November 1, 2023; London**, UK - Mangopay, a platform-specific payment infrastructure provider, today announces that it has been authorised by the Financial Conduct Authority (FCA) as an Electronic Money Institution (EMI). The new e-money license from the FCA is a key requirement for Mangopay to provide its suite of services to UK-based businesses and is testament to the company’s strategic commitment to expanding its operations in the UK.

Mangopay provides its flexible modular payments infrastructure to thousands of platforms globally, including brands such as Vinted, Chrono24, Wallapop, La Redoute and Rakuten.

The e-money license enables Mangopay to issue electronic money, facilitate digital payments and provide a range of other payment solutions to meet the needs of its clients and help them navigate the complexities of digital commerce for international growth. UK-based businesses in the wider marketplace and platform economy will continue to benefit from its flexible and tailored payments infrastructure. 
 
“At Mangopay we are laser focused on providing marketplaces and multi-sided platforms of all types with tailored, modular solutions that remove the complexity of payments and help their businesses to grow,” said Romain Mazeries, Mangopay’s Chief Executive Officer. “Exceptional product development combined with a relentless customer focus is in Mangopay’s DNA, and this FCA authorisation will unlock further innovation in the market. We’re excited to continue serving businesses in the UK having received our new license from the FCA.”

Luke Trayfoot, Mangopay’s Group Chief Revenue Officer who oversees the company’s UK entity, added: “Mangopay already has a very strong footprint in Europe, and the FCA license is critical to us achieving our ambitious growth plans for the UK as we expand our business. We are extremely proud to be receiving our e-money license in the UK, which validates the robust capital, regulatory, and security standards that we uphold. We’re looking forward to working with our existing and new UK customers to support their growth journeys both here and around the world.”


**About Mangopay**

Mangopay empowers the platform economy with its modular payment infrastructure. Created in 2013, Mangopay has supported 2,500+ platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in to payout, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms and in October 2023 it was named one of FXC Intelligence’s most promising cross-border payment companies. 


Mangopay granted UK e‑money license

*The firm specialising in wellness and beauty has chosen Mangopay as the payment infrastructure provider for its marketplace, launched in 2022*

**Madrid, April 11th 2023** - Beauty retailer, Perfume's Club, has selected Mangopay, platform-specific payment infrastructure provider, to manage seller funds for its marketplace, which has been live since 2022. The partnership between the two has facilitated the launch and rapid expansion of the Perfume's Club marketplace, which today, less than a year after its creation, has more than 60,000 products on offer in addition to the 40,000 in its own catalog.

In 2022, the Perfume's Club marketplace exceeded 50 million visits and has managed to extend its presence to more than 14 countries, reaffirming itself as one of the most important references in online perfumery. Perfume's Club was, in fact, one of the ecommerce best valued by users in 2022, according to a study by the OCU. In the longer term, the beauty firm estimates that its marketplace will maintain its rapid growth, with its offer reaching one million products in two years.

The Mallorcan company has placed its trust in Mangopay for its optimised solution, focused on the go-to-market strategy. The collaboration between the two has materialised through the Mirakl connector. 

In addition, Mangopay offers Perfume's Club the possibility to integrate Paypal with a flexible end-to-end solution, specific for marketplaces, which allows them to choose the optimal payment methods and partners for their Marketplace. The complete solution provided by Mangopay boosts compliance and cybersecurity, meeting PSD2 requirements and facilitating the fight against fraud, money laundering and terrorist financing. All of this, together with the dedication and professionalism of the Mangopay team, were key to having the payment infrastructure in place for the launch and growth of the marketplace.

**Marc Torrecilla, Marketplace Manager, Perfume's Club**, underlines:"We are delighted to work with Mangopay to optimize our marketplace. It is key to the development of Perfume's Club. We needed a trusted payment partner to support our growth. Mangopay's advanced technology allows us to manage multiple payment flows and easily add new products and merchants to our marketplace."

For Mangopay, Perfume's Club is a relevant customer, not only because of the company's projection, but also because it is its first customer through Mirakl in Spain. Nicolas Fournié, Mangopay's Country Manager for Spain and Portugal, comments: "We are proud to be able to accompany Perfume's Club on its path to leadership in online perfumery, supporting our client in the development and growth of its marketplace. Spain is a key market for Mangopay, and having national partners as relevant as Perfume's Club is fundamental for our growth and expansion in this country. In addition, the platform for marketplaces Mirakl, is our first partner in Spain, and we are very happy to bring to Spain this partnership which, as we have already seen in other markets, is key to the rapid development of marketplaces".

The year 2022 was key for the consolidation of the scale-up business globally and in the Spanish market, where it already has more than 100 customers. 

**ABOUT Mangopay**
 
Mangopay empowers the platform economy with its unique and comprehensive payment infrastructure. Created in 2013, Mangopay serves 2,500 + leading platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay's end-to-end infrastructure covers all platform payment needs with total integration flexibility and workflows for every business model.
 www.mangopay.com

Mangopay chosen by Perfume's Club to manage marketplace seller funds

- *Following the acquisition of fraud detection company Nethone in 2022, Mangopay continues its ambitious growth plan by acquiring payment orchestration platform WhenThen to scale its payment offering.*
- *Mangopay and WhenThen’s combined technologies will offer platforms enhanced pay-in capabilities, intelligent payment routing, and improved customer experiences to reduce costs and increase conversion rates across the full payment value chain.*
- *WhenThen co-founder and ex-Mastercard executive Kirk Donohoe will join Mangopay’s executive committee as Chief Product Officer.*
 
 

**London, 23rd March 2023** – Mangopay, platform-specific payment infrastructure provider, announces the acquisition of WhenThen, a Dublin-based payments technology company, which powers payment acceptance and automates payment operations for online businesses worldwide. With WhenThen’s technology and global connectivity, Mangopay will rapidly scale its entire payment offering to unlock significant value for its existing platform customers, through multi-processor relationships and a greater level of automation.

Through this acquisition, Mangopay continues to strengthen its product capabilities and add new revenue streams by utilising its acquisitions of both WhenThen and Nethone as fully integrated offering.

**A complete payment solution built entirely for platforms**

In a single integration, WhenThen’s and Mangopay’s combined technologies will give platform customers :

- Powerful **payment orchestration**, enabling them to do intelligent payment routing to reduce costs, remove barriers at checkout and boost conversion rates on all payment methods.
- Increase local checkout conversion rates and meet the expectations of their customers by instantly being able to add **payment methods** to their checkout flows with clicks, through a self-service dashboard.
- Securely store and access customer card data via a native cloud **PCI DSS Level 1 certified card vault** that not only tokenises customer cards but also enables network tokens (Visa, Mastercard, AMEX) and **automatic card updater**, ensuring platforms always have their customers’ latest card details on file.
- Automate time-consuming manual payment operations through a central **Payment Insights and Operations dashboard** to unlock hidden revenue by fixing payment inefficiencies and issues like disputes, refunds, declines, and failed transactions.

**Romain Mazeries, CEO, Mangopay**, comments: “*As the platform economy continues to grow, creating amazing payment experiences remains a key factor for our customers and prospects. Acquiring WhenThen enables Mangopay to rapidly accelerate its payment capabilities whilst providing one of the best payment experiences in the market. It represents a strategic asset for our growth plans, following the acquisition of Nethone in 2022 that strengthened our fraud capabilities. We are committed to serving our loyal customers, such as LeBonCoin, Chrono24, Wallapop and many others, with enhanced features, and modular technologies that best meet their needs*”. 

“*We are extremely excited to embark on Mangopay’s journey and become the next global payment leader for platforms*,” adds Kirk Donohoe, former co-founder & CEO of WhenThen, now Chief Product Officer of Mangopay. “*Platform-based businesses, big and small, seek flexibility in how they build and operate their payment stack as they strive to meet their growth and revenue targets. They have had to adopt a one-size-fits-all payments system approach for too long. We want to give them more control, flexibility and scalability.*”

WhenThen’s entire team and products have now fully merged with Mangopay and will operate under the Mangopay brand. 

Joining as Chief Product Officer, WhenThen co-founder Kirk Donohoe becomes the latest addition to Mangopay’s Executive Committee, which has seen the arrival of several new senior payment and marketplace executives over the past year, including CTO Ronen Benchetrit (ex-Zopa, Bumble), CRO Luke Trayfoot (ex-PayPal), General Counsel Olympe Leflambe (ex-Ebay), CFO Carlos Sanchez Arruti (ex-Amazon) and Nethone CEO Hubert Rachwalski.


**ABOUT MANGOPAY**
 
Mangopay empowers the platform economy with its unique and comprehensive payment infrastructure. Created in 2013, Mangopay serves 2,500 + leading platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay's end-to-end infrastructure covers all platform payment needs with total integration flexibility and workflows for every business model.

Mangopay announces the acquisition of payment orchestration fintech WhenThen to boost its  pay-in capabilities

- *Charities enables any marketplace and Internet crowdfunding site to support charitable causes.*

- *Several Mangopay customer platforms have activated the "Charities" feature and have already collected several thousand euros to support partner associations*

- *The Charities offer will enable thousands of businesses using Mangopay to begin supporting associations to encourage the generosity and solidarity of the French.*

**Paris, February 15, 2022** – Mangopay, a leading European provider of payment solutions for marketplaces and crowdfunding platforms, has unveiled its new "charities" offering. With this online donation collection solution, Mangopay offers its customers the opportunity to engage their communities in support of a cause that is important to them.

## Facilitating engagement on marketplaces
Consumers are increasingly attentive to brands' commitment to social and environmental responsibility. Indeed, more than 50% of French people consider that a brand's priority should be the search for meaning and a positive contribution to society's issues. To meet these new requirements, more and more brands are now willing to commit themselves. 

To support them in these efforts, Mangopay provides marketplaces with a new way to engage their communities and encourage their generosity on a daily basis by supporting associations that are aligned with their values. All donations made through Mangopay are donated to the charity of their choice. The "charities" offer is completely free for the platforms, Mangopay takes a monthly 2% management fee from the association.

The "charities" offer is a solution that allows Mangopay customers to set up a donation offer, over a predetermined period of time, for the benefit of an association chosen by the company. To do this, Mangopay supports companies in their desire to make a commitment by putting them in touch with associations that correspond to their values, but also takes charge of the regulatory and operational implementation of the fundraising.

## A vast network of beneficiary associations
Today, more than ten associations can already benefit from donations from the "charities" offer. Among these associations are Le Refuge, Sidaction, Médecins Sans Frontières, SOS Villages d'Enfants, Secours populaire français, the SPA and Planète Mer, Care France, Médecins du Monde... Finally, any association wishing to diversify its sources of revenue through a new acquisition channel can join the network of beneficiary associations.

"*The world is changing. Society is asking companies to get involved and contribute to a better future. In order to meet these needs we have developed this offer. We are proud to have created this solution to encourage the generosity and solidarity of the French in these difficult times. This project is in line with Mangopay's DNA and our vision of the company of tomorrow*," said **Romain Mazeries**, CEO at Mangopay and initiator of the Charities offer. 

## La Ruche qui dit Oui! first company to subscribe to the offer
La Ruche qui dit Oui ! is the first company to subscribe to this offer and to commit to Secours populaire français in its action for a more just and united world. Thus, for any order placed on the site, fellows can now round up their basket to the next euro. 100% of the donations will be donated to the association. This is an opportunity to support the volunteers working for food aid, access to housing, health prevention and leisure activities.

"*With this partnership, we are reinforcing our responsible commitments, which are firmly anchored in our DNA and that of our customers. This operation makes it possible to anchor donations in the daily lives of employees and customers alike and to generate new forms of solidarity without ever imposing anything. Donations remain personal, and easy to accept when clients wish to do so. Everyone can choose to help to the extent of their abilities*," explains **Gregoire de Tilly**, CEO of La Ruche qui dit Oui!


**ABOUT MANGOPAY** 
Mangopay empowers the platform economy with its unique and comprehensive payment infrastructure. Created in 2013, Mangopay serves 2,500 + leading platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay's end-to-end infrastructure covers all platform payment needs with total integration flexibility and workflows for every business model.

Mangopay launches "Charities" offer to enable customers to support non-profit organizations

- *Mangopay provides payment solutions enabling marketplaces and platforms to accept consumer payments, onboard sellers, and route funds to them on a global scale. It serves some of the leading European and global marketplaces (including Vinted, Chrono 24, La Redoute, LeBoncoin, Rakuten, Wallapop and Malt).*

- *In addition to the purchase price, Advent will invest €75M of primary capital to help create a global category leader and fuel growth through significant international, vertical and product expansion.*

- *Mangopay will open 250 positions in all departments and welcome new key people and advisors to support its growth.*


**Paris, April 7, 2022** – Mangopay, a major European payment solutions provider for marketplaces and platforms, has announced the arrival of a new strategic partner in its capital to support the scale-up's growth and ambitions. French banking group Crédit Mutuel Arkéa ("Arkea") will remain a minoritybshareholder in Mangopay.

Mangopay provides end-to-end payment solutions to marketplaces and platforms leveraging a differentiated e-wallet environment. Through developer-friendly APIs, marketplaces and platforms are able to accept consumer payments, onboard sellers, hold and route funds to them on a global scale. The e-wallet environment provides unique flexibility allowing for payments splits, use of escrow accounts and closed-loop payments.

Today, Mangopay serves some of the leading European and global marketplaces, as well as the most innovative and high potential scale-ups. It is one of the fastest-growing payment companies in Europe and is expected to process €13B in transaction volume and generate €30M in net revenue in 2022.
## Accelerating Mangopay's growth
This operation reflects a major step in the creation of a global category leader in the payment industry. With enhanced investment capabilities and differentiating technology, Mangopay will be well positioned to capitalize on the shift of retailers and e-commerce platforms to a marketplace model. In addition, Mangopay has already developed a set of dedicated added value services to address the needs of the rapidly growing B2B marketplace segment.

To fuel this vision, Advent will inject €75M of primary capital. This investment will contribute to accelerating the company’s growth – focusing on international, vertical and product development – with
the ambition of becoming one of the key global payment solutions powering the platform economy.
Mangopay will be recruiting over 250 positions worldwide in the coming months. Half of them will be engineering and product roles to accelerate new features development. 

Mangopay will also be expanding its operations and recruitment - sales, solution engineer and customer success manager positions - to new geographies such as the UK, the Nordic region, and Eastern Europe, as well as strengthening its presence in Germany and Southern Europe.

Mangopay is announcing the arrival of two new key people to the team who will be bringing their expertise to further accelerate business. Xavier Garambois, former Amazon VP to European Consumer Business will be joining as Chairman.

**Romain Mazeries, CEO of Mangopay**, comments: “*We are thrilled to welcome Advent as the new shareholder and growth partner for Mangopay. Their investment along with their deep payment expertise
and network will help us significantly accelerate our development. Tomorrow, global exchanges, innovative business models and new consumer habits will bring more complexity and intermediaries to the payments landscape. Mangopay is well positioned to tackle these challenges and I’m very excited about the innovation we will bring to the market and to our existing clients. We are also grateful to Arkéa, who have
been supportive shareholders since 2015.*”

**Fabio Cali, Director at Advent**, comments: “*We have identified Mangopay as one of the leading players in payments for marketplaces and platforms, which is a strategic and highly attractive end market. Over the last two years, we have been following the company and its strong developments under the ownership of Arkéa. We are excited to partner with the management team and current shareholders to further accelerate
the next leg of its growth journey towards a global category leader.*”

**ABOUT MANGOPAY** 
Mangopay empowers the platform economy with its unique and comprehensive payment infrastructure. Created in 2013, Mangopay serves 2,500 + leading platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay's end-to-end infrastructure covers all platform payment needs with total integration flexibility and workflows for every business model.


**ABOUT ADVENT INTERNATIONAL**
Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in 390 private equity investments across 42 countries, and, as of September 30, 2021, had €75 billion in assets under management. With 15 offices in 12 countries, Advent has established a globally integrated team of over 255 private equity investment professionals across North America, Europe, Latin America, and Asia. The firm focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology. For over 35 years, Advent has been dedicated to international investing and remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.
For more information, visit Advent's tech website,[ www.adventtech.com](url), global website, [www.adventinternational.com](url), or LinkedIn page, [www.linkedin.com/company/advent-international](url)

Mangopay to accelerate growth following  acquisition by Advent

*Ronen Benchetrit, former CTO for Pokerstars, Zopa and Bumble, will be joining the executive committee, as Chief Technological Officer, focusing on strengthening the firm’s tech to accelerate product innovation and scalability in the next stage of growth.*

**Paris, 14 November 2022** – Mangopay, a major European payment solutions provider for marketplaces and platforms, announced the appointment of key additions to Mangopay's executive leadership team. Ronen Benchetrit has been appointed as **Mangopay's Chief Technology Officer** and joined the executive committee following the acquisition by Advent International. As a key appointment that underlines Mangopay's strong commitment to innovation, Ronen will be responsible for taking the scale-up into the next phase of its technology challenge, leading one of the fastest-growing tech teams in the payment industry.

The appointment of Ronen Benchetrit, who will report to CEO Romain Mazeries, is another step for Mangopay in becoming the most comprehensive payment ecosystem dedicated to platform businesses. Ronen will bring three decades of experience leading high-performing tech and engineering teams to help Mangopay build a modern, resilient and scalable tech.

Ronen’s career spans across various industries, working and leading agile product engineering and cloud teams globally at scale-up companies. He joins MANGOPAY at a perfect time, during which the scale-up is planning its next phase of growth. Ronen will strategize and execute the tech evolution to support business growth, working closely with Mangopay's leadership. He plans to double the team in the next 24 months, enlisting top-tier talent in all departments.

Based in the UK, Ronen Benchetrit joins Mangopay from Bumble, a dating and networking app, where he served as CTO. Prior to that, Ronen was the CTO for a UK challenger bank and pioneering peer-to-peer lender Zopa. He also served as CTO for leading online gaming operator PokerStars, where he led the tech function from private company stage through to its initial public offering. He holds a Bachelor’s Degree in Computer Science and holds a few granted patents in the computer science field. 

“The platform economy is booming. Platforms have become an essential driver for e-commerce growth, as it brings so many benefits for both buyers and sellers. Mastering payments at scale in this field is complex yet key to all platforms. Compounded with the business growth, this creates an exciting tech journey for our tech team and I’m thrilled to join Mangopay at such a key moment in its evolution”, said **Ronen Benchetrit**, Chief Technology Officer at Mangopay. “Mangopay's potential is unrivaled and I am excited by the opportunity to build a best-in-class payment ecosystem and deliver even more value to our customers.”

Mangopay CEO, **Romain Mazeries** said: “I am excited to welcome Ronen Benchetrit. Ronen’s experience will be game changing to accelerate our growth. In the last couple months, Ronen is already driving the company’s global technology strategy by fostering a strong engineering culture as well as by providing technical leadership across all areas of the business.” 

**ABOUT MANGOPAY**
Mangopay empowers the platform economy with its unique and comprehensive payment infrastructure. Created in 2013, Mangopay serves 2,500 + leading platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay's end-to-end infrastructure covers all platform payment needs with total integration flexibility and workflows for every business model.

Mangopay appoints Ronen Benchetrit as Chief Technology Officer 

- *As part of Advent International’s investment, Mangopay acquires fraud detection and prevention company Nethone to provide platforms with a holistic payments and risk management solution.*

- *This acquisition gives marketplaces advanced capabilities to detect and counter complex fraud activities allowing them to create a safer environment and increase conversion rates.*

- *Hubert Rachwalski von Rejchwald, Nethone CEO, joins Mangopay's executive committee. Nethone will remain a standalone company serving online merchants and financial institutions with sophisticated along-the-user-journey fraud prevention.* 

**Paris, 29 November, 2022** – Mangopay, the platform-specific payment infrastructure provider, is acquiring AI fraud detection and prevention company Nethone to develop and offer anti-fraud solutions designed specifically for marketplaces. Faced with surging online fraud rates, this solution will allow any type of platform to transform threats and challenges posed by malicious activity into accurate, profitable business decisions.

Marketplaces account for over two thirds of global e-commerce transactions, making them a prime target for fraudsters. As third-party intermediaries, platforms are even more vulnerable to fraud than classic digital commerce. To better detect and prevent threats in real time, and predict future patterns of increasingly sophisticated malicious activity, platforms require enhanced security features with augmented data-centric capabilities. Mangopay and Nethone are creating the first fraud prevention solution on the market built specifically for platforms and marketplaces.
## Transforming threats into accurate and profitable business decisions
Nethone’s proprietary machine-learning powered solution incorporates behavioral data collection, hardware, software, network intelligence, as well as behavioral biometrics to allow platforms to make informed decisions and secure every point of the user journey, both on mobile or desktop. With a wide range of mobile-native attributes analyzed, the solution is accurate in identifying fraudulent activity within the growing number of transactions carried out on mobile devices. Based on Nethone’s current use cases, in a single integration this solution will:

- Allow platforms to operate in a safe environment by preventing over 95% of account takeovers (ATO), reducing fake accounts, fraud rates, chargebacks and unauthorized transactions;

- Support business growth by unlocking upsell potential, increasing conversion rates by 9%, and approval rates by 26%, as well as reducing false declines due to suspected fraud;

- Help build an operationally efficient and scalable platform by reducing manually-reviewed traffic by 60% through well-explained recommendations.

Enhancing Mangopay's pay-in, payout authentication and seller onboarding capabilities with deeper Know Your User intelligence protects marketplaces from sophisticated fraud and abuse, while offering both their buyers and sellers a frictionless experience. Mangopay and Nethone’s collaboration already allows platforms to improve conversion rates thanks to the optimization of pay-in transaction scoring, better 3DS2 exemption management and ID check validation. 

**Romain Mazeries**, CEO, Mangopay, comments: “Every platform must have a deep understanding of its users in real time throughout their entire customer journey to reduce fraudulent activity. We’re delighted to welcome Nethone to the group and offer a unique set of anti-fraud capabilities on top of our existing infrastructure. This is a key step in our mission to provide marketplaces and platforms with the best solution to drive their success.”

“We are excited to have Advent International as our new majority investor and to be joining the Mangopay rocket ship,” adds **Hubert Rachwalski von Rejchwald**, CEO and co-founder, Nethone. "Going forward, on top of accelerating Nethone’s own dynamic expansion according to our standalone business plan, we will work on the tremendous potential identified among Mangopay's 2,500+ existing platform customers. Together we will take our unique Know Your User technology and further refine it to be the best-in-class platform-specific solution."

Nethone will continue to serve companies worldwide, led by its current CEO and co-founder, Hubert Rachwalski von Rejchwald, who joins Mangopay's Executive Committee. The company pursues the vision to build the best-in-class anti-fraud platform preventing online payment fraud and securing entire user journeys, from registration to use of service.


**ABOUT MANGOPAY**
Mangopay empowers the platform economy with its unique and comprehensive payment infrastructure. Created in 2013, Mangopay serves 2,500 + leading platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay's end-to-end infrastructure covers all platform payment needs with total integration flexibility and workflows for every business model.
 www.mangopay.com

**ABOUT NETHONE**
Nethone is a machine learning-based fraud prevention SaaS company founded by data scientists, developers and security experts in 2016. Nethone empowers eCommerce merchants and financial institutions to holistically understand their end-users (good and bad) with award-winning Know Your User (KYU) profiling technology. Already used by BlaBlaCar, Farfetch, Booksy and Grover, to efficiently neutralize the top three fraud risks to platforms: payment fraud, account takeover and friendly fraud. 
[www.nethone.com
](url)

Mangopay and Nethone join forces to provide platforms and marketplaces with dedicated anti-fraud solutions

*Carlos Sanchez Arruti, formerly Amazon’s Finance Director, joins Mangopay's executive committee as Chief Financial Officer to scale and streamline the finance function to support the company’s revenue growth*
**Paris, 20 December 2022** – Mangopay, the platform-specific payment infrastructure provider, announces the appointment of Carlos Sanchez Arruti as Chief Financial Officer. Joining from his prior role at Amazon as CFO of LATAM, Carlos brings a wealth of experience, where he drove financial strategy, transformational change, and operational excellence at scale. As Mangopay's reach expands across the globe, Carlos will play a crucial role in enabling this aggressive growth while operating with the highest standards in discipline and fiscal responsibility. 

His appointment reflects Mangopay's continued momentum and global expansion following the Nethone acquisition and the addition of Luke Trayfoot, new CRO, Ronen Benchetrit, new CTO and Olympe Leflambe, General Counsel this year. 

With more than 20 years of experience working for financial services, retail and platform organizations, Carlos will bring a track record of leadership in a high-scale environment and a proficiency in strategic transformation, to help Mangopay achieve strong financial results. He will be responsible for driving the financial strategy of the business, and scale the finance organization to accelerate revenue growth. He joins Mangopay's executive team - reporting directly to Mangopay's CEO, Romain Mazeries - and will oversee financial planning and analysis, pricing, accounting, treasury, business support.

Based in Luxembourg, Carlos Sanchez Arruti, 45 years old, joins Mangopay business after acting as Finance Director for Amazon Transportation Services EU and previously as CFO for Amazon LATAM where he was responsible for strategy and operational excellence. Carlos also spent two years at American Express as a Vice President of Finance, and 14 years at GE Capital in multiple roles of increasing responsibility. A native from Puebla, Mexico Carlos holds an MBA in Corporate Finance from Columbia Business School in the City of New York, and a Bachelor’s Degree in Economics from Universidad Panamericana in Mexico City.

Mangopay CEO, **Romain Mazeries** said: “2022 was a breakthrough year for Mangopay: we acquired our first ever company to add advanced anti-fraud capabilities on top of our existing infrastructure, added world-class investors, and laid the foundation for expected aggressive growth in 2023 and beyond. We have a huge opportunity in front of us and we’re building a company for the long term. Carlos has a large experience in managing complex and large PnL plans. His in-depth financial skills will be a key assets in supporting Mangopay's growth trajectory, M&A and integration roadmaps, as well as operational efficiency.”

“I’m delighted to be joining Mangopay at such an exciting time in the platform economy’s growth journey, and being part of a team continually innovating its already market-leading, customer-first ecosystem. As the business continues on its upwards trajectory, I look forward to playing a key role in maintaining its sustainable growth”, said **Carlos Sanchez Arruti**, Chief Financial Officer at Mangopay. “I’m ready to lead this large-scale business and I look forward to using my skills to help accelerate Mangopay's already steep growth trajectory.”

**ABOUT MANGOPAY**
Mangopay empowers the platform economy with its unique and comprehensive payment infrastructure. Created in 2013, Mangopay serves 2,500 + leading platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay's end-to-end infrastructure covers all platform payment needs with total integration flexibility and workflows for every business model.

Mangopay appoints Carlos Sanchez Arruti as CFO in continued expansion of executive leadership team

**Paris 27 December 2022** – Mangopay, the platform-specific payment infrastructure provider, announced an HR initiative to further align the organization to the paradigm shift in the work-life balance. Recognizing the growing need to deploy or scale remote workforce policy to meet fresh work expectations, this new HR policy allows employees on permanent contracts to work remotely for up to three weeks a year, from (almost) anywhere in the world. This is a new step in Mangopay's overall ambition to become one of the best companies to work for.

Effective immediately, the "Work From Anywhere" Program allows Mangopay to adapt its organization to the post-Covid era and offer its employees a balanced framework that combines the flexibility of remote work, while keeping the office as an important anchor for social interactions and community building.

## Reimagining ways of working post-pandemic

This policy builds on Mangopay’s existing successful remote working policy - which saw 99% of employees regularly working from home prior to the pandemic, and hybrid and fully remote teams become the norm during the pandemic. Mangopay culture is based on trust, and this policy seed the company go further to encourage healthy work/life balance and flexibility, with employees now able to work fully remote for three weeks from almost everywhere. With more than 30 different nationalities across the Mangopay team, diversity is at the heart of the company’s culture, and the new policy will enable employees to spend more time with families based abroad or create brand new work experiences around the world. 

With the "Work From Anywhere" program, all Mangopay employees with more than six months of service are allowed to work abroad, for up to three weeks per year. The three-week period may be taken consecutively or over multiple trips. The country must be considered safe to travel to and employees must undertake all preliminary actions required before their departure (visa, vaccines, accommodation, etc.).

Mangopay’s innovative and inclusive workplace culture allowed the company to adapt quickly to the new pandemic reality in 2020, building on existing benefits and initiatives to help its people thrive. In 2020, Mangopay pioneered the extension of leave for the second parent, via the signing of the Parental Act. Today, the company is building on this existing commitment to its employees via the new remote working initiative, with the aim of both retaining and attracting the best talent.

“The pandemic blurred the lines between work and life like never before. Flexibility, inclusion, and wellbeing became the three main drivers for teams across every industry. If companies want to attract and keep the best talents, they need to constantly adapt their HR policy and initiatives. This is what we do at Mangopay”, explains **Élodie Meriguet**, Chief People Officer at Mangopay. “We believe the "Work From Anywhere" Program will have a positive impact on work life balance and the wellbeing of our colleagues. By adding this program to our innovative HR strategy across our organization, we believe we can provide our colleagues with a balanced framework. The key objective of this approach is to provide our employees with the best working environment possible.”

**ABOUT Mangopay**
 
Mangopay empowers the platform economy with its unique and comprehensive payment infrastructure. Created in 2013, Mangopay serves 2,500 + leading platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay's end-to-end infrastructure covers all platform payment needs with total integration flexibility and workflows for every business model.
 www.mangopay.com