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

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.