Investment platform Caption selects Mangopay to optimize investor journeys and scale their business to the next level

Paris, 18 February, 2026: Caption, the France-based regulated investment infrastructure, has chosen Mangopay to power payment flows for both its own investor base and professional distributors, bringing private market products to their clients.

Mangopay provides Caption with a wallet-first payment infrastructure, including pay-ins, instant payouts, and KYC services, supporting the management of complex investment flows.

Optimized investment workflows

As Caption’s volumes increased and its business models diversified, the company identified Mangopay as a good fit to support their investment workflows, adapt quickly to new product structures, and integrate within the operational requirements of their business model. Mangopay was first selected for its flexible payment system that decouples pay-in and payout flows, allowing Caption to choose when to deploy pay-ins and payouts, and to evolve toward an end-to-end flow on its own terms.

Mangopay also supported Caption as it explored a new investment type to bring to market. Together, the two teams defined the payment processing flow and applicable fee configuration within Mangopay's service framework that allowed Caption to assess the product’s commercial viability under real market conditions. The new product proved sustainable and was successfully validated, giving Caption the trust to move forward with a long-term offering.

Meeting the needs of a growing capital markets ecosystem

Caption enables companies to raise funds through equity and bond instruments, positioning itself as a premium investment platform focused on curated opportunities (profitable SMEs, growing franchises, collectible assets) and high-ticket investments. In addition to operating its own investment marketplace, the platform has expanded into B2B with Caption Services, acting as a regulated infrastructure for asset managers, wealth advisors, and other professionals distributing investment products.

Mangopay’s infrastructure enables Caption to serve an entire ecosystem of capital markets participants, from investors to asset managers and distributors, within a single, compliant payment framework. Caption has already reached a significant scale, with over EUR 110 million raised through curated club deals and private equity and debt financings, supporting 25 to 30 companies each year, reflecting the maturity of the platform Mangopay now supports.

"Speed and compliance are critical in private markets. We needed payment infrastructure that could deliver both," said Quentin Lechémia, Chairman and Co-founder of Caption. "Mangopay reduced our investor onboarding and transaction settlement times while handling the complexity of multi-party flows. Whether serving our own investor base or enabling professional distributors, we can now offer faster execution without compromising on the regulatory standards our PSI license demands."

“We’re excited to apply our multi-party payment infrastructure to investment models that require a high degree of operational flexibility. Caption stands out not only for its regulated PSI status, but also for the quality of the investment assets it brings to market, assets that are rarely available elsewhere. We see strong long-term potential in their business model and look forward to supporting its continued growth,” added Mark Fleming, CCO at Mangopay.

Why crowdfunding platforms trust Mangopay

As the investment industry evolves toward more diversified distribution models and a broader ecosystem of participants, these platforms need payment infrastructures that can handle complex fund movements, regulatory requirements, and continuous product innovation. Mangopay supports this move by providing a payment infrastructure built to support complex platform ecosystems.

Mangopay has been supporting more than 50 crowdfunding platforms, including Raizers, Walliance, Segofinance, and Caption, to move from investor intent to completed investment more quickly, while maintaining the controls required to operate under regulatory frameworks. The wallet-first infrastructure enables these platforms to offer instant payment experiences and streamlined onboarding journeys, while configuring how funds are collected, held, and distributed across investors, SPVs, and project owners within a single framework.

About Caption

Founded in 2020, Caption SA is a financial group comprising an investment firm licensed by the ACPR, an asset management company licensed by the AMF (Clint Capital), and a proprietary technology platform. Caption designs, structures, and distributes investment operations (equity, private debt, funds) for private and professional investors, as well as for issuers and distribution Partners.

Caption SA is an Investment Services Provider (PSI) licensed by the French Prudential Supervision and Resolution Authority (ACPR) under CIB number 18683.

About Mangopay

Founded in 2013, Mangopay is the wallet-first infrastructure for multi-party payment flows, designed to give platforms the control, scalability, and revenue opportunities they need to thrive. Mangopay offers programmable wallets that mirror real-world multi-party experiences, enabling platforms to hold, split, and move funds across buyers, sellers, and partners, while unlocking new monetization streams.

Mangopay powers platforms with white-label infrastructure, offering IBANs, FX, acquirer-agnostic processing, and fast cross-border payouts, all secured by AI-driven fraud and compliance tools.

With over €150 billion processed, 430 million wallets created, and 330 million users onboarded, Mangopay has demonstrated scale and reliability. Leading platforms like Vinted, Wallapop, Storefund, and Debenhams have used Mangopay to power complex flows, double transaction volumes, and streamline global operations.