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.
Core solution
Mangopay developed a payment solution that addresses the unique challenges of platforms. Our technology, which is built as an API, allows platforms to accept payments very easily, to block funds via our own e-wallet technology, to split payments and to manage payouts anywhere in the world.
Target market
Marketplace, fintechs, platforms
Contact details
https://mangopay.com/contact https://mangopay.com/contacthttps://mangopay.com/contact
Geographical presence
Europe, UK, US
Year founded
2013
Investors
Advent International
License type
EMI (Electronic Money Institution)
Member of industry association and/or initiatives
FEVAD
Standards and certifications
Level 1 PCI, PSD2
Company's motto
Modular payment infrastructure for platforms and marketplaces
Payment Gateway
Yes
Payment Service Provider - Acquirer
Main area of focus
Payment infrastructure provider
Online
POS/In store
No
Hosted pages
White-label solution
Recurring payments
Payment methods supported
Yes, 23 currently (33 by end of 2023)
Settlement currencies
Instant settlement
No (No instant pay-in)
Tokenization
Pay-out/Disbursements
Payments orchestration
Cryptocurrency payments solution
Reconciliation and reporting
B2B payments
- Factoring Yes, through partnerships
Consolidated data and reporting dashboard
Chargeback management
Fraud ratio PSD2/SCA
Yes - more information available upon request
Fraud and risk management partners
Nethone’s acquisition: Mangopay’s strategic move for stronger anti-fraud measures. Nethone is now a Mangopay company.
FX - number of currencies available
Yes, 14 currencies
Virtual IBAN
Multi currencies virtual IBAN (# of currencies)
Yes, only EUR
Current account/settlement account
Embedded finance/ Lending to SMEs or merchants
Yes – Billie, Hokodo, Aria, Defacto, StorFund, Younited Credit
Embedded finance/ BNPL for consumers
Yes – Klarna (integration), Billie, Hokodo, SoCredit, Oney (partners)
Yes, EUR 0.40
Client onboarding (KYC/KYB)
Main clients/references
Vinted, Wallapop, Malt, Chrono24, Rakuten, Mercateo, Leboncoin, Veepee, Rue du Commerce
Case studies
https://blog.mangopay.com/clients/case-study-wallapop-mangopay
https://blog.mangopay.com/clients/case-study-malt-mangopay
https://blog.mangopay.com/clients/case-study-rue-du-commerce-mangopay
Awards
Best platform and marketplace provider' at MPE 2023 in Berlin
Future developments
Our aim is to continually enhance our pay-in capabilities, expand our range of accepted currencies, improve our Know Your Business (KYB) verification process, and offer powerful orchestration tools to fuel the growth of online marketplaces and platforms. Our ultimate goal is to provide a seamless and efficient payment experience that helps our clients drive revenue, reduce costs, and ultimately succeed in the rapidly evolving digital economy.
Transaction volume
300 million in 2023
Transaction value
USD 20 billion in 2023