Mangopay partners with Aria

Tuesday 7 November 2023 13:45 CET | News

Platform-specific payment infrastructure provider Mangopay has partnered with France-based embedded invoice financing provider Aria

Through this collaboration, the two companies intend to provide B2B marketplace and transactional Software-as-a-Service (SaaS) companies with tools that allow them to manage their payments and credit efficiently. The partnership combines Mangopay’s modular payments offering with Aria’s credit technology and lending solutions. 

Platform-specific payment infrastructure provider Mangopay has partnered with France-based embedded invoice financing provider Aria.


The partnership’s objective

Considering that the B2B marketplace and SaaS sectors continue to expand, the quality of the payment experience is essential for businesses expanding both domestically and internationally. Aria’s B2B offering includes immediate payment options, deferred payment collections, disbursement of funds to vendors, and management of marketplace operator commissions, aiming to help businesses reduce credit and payment risk. Moreover, the company provides Buy Now, Pay Later (BNPL) solutions to business buyers, allowing them to pay for goods for up to 90 days while sellers receive payment upon the shipment. Aria’s services aim to increase sales volume and support cash flow management for both sellers and business buyers, as well as to enhance the customer experience and offer tailored checkout.

The partnership between Mangopay and Aria supports both companies’ commitment to increasing payment innovation for B2B marketplaces. By merging modularised marketplace payment infrastructure and comprehensive credit solutions, the two companies’ objective is to enable marketplaces with control over their payment strategies, complemented by access to trade credit. According to officials, Mangopay intends to improve the payment infrastructure and operations of global marketplaces and platforms, with its solutions allowing them to develop and evolve their payments stack.

Representatives from Aria stated that the collaboration with Mangopay is a result of a shared vision between the two companies and synergies in their solutions. The partnership also enables Aria to deliver an improved customer experience, while simplifying access to necessary payment options for B2B marketplaces. 

Mangopay’s recent developments

Launched in 2013, Mangopay aims to enable the platform economy with its modular payment infrastructure. Since its introduction, the company supported 2,500 platforms and marketplaces, with its end-to-end infrastructure developed around its programmable e-wallet solution covering the payment needs of businesses. Recently, Mangopay secured an Electronic Money Institution (EMI) licence authorised by the FCA to deliver its services to UK customers and improve its presence in the region. Through this, the company can offer its suite of services to UK-based businesses while also accelerating its strategic plan of expanding its capabilities.

Moreover, at the end of September 2023, Mangopay partnered with VTEX to extend an integration that enables marketplace operators to cover both pay-in and payouts via a single solution. The collaboration was expected to further support the growth of global marketplaces by ensuring positive buying and selling experiences.

During the same month, Mangopay entered a collaboration with Kriya to enhance the B2B payment experience. The partnership was set to enable Mangopay B2B marketplaces to develop a dynamic payment experience that intended to eliminate friction and maintain business flowing in a simplified manner, considering that Mangopay’s payment infrastructure was enhanced with Kriya’s flexible trade credit and Pay Later solutions. 

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Keywords: B2B payments, marketplace, SaaS, payments infrastructure, payment facilitator, BNPL
Categories: Payments & Commerce
Companies: Aria, Mangopay
Countries: World
This article is part of category

Payments & Commerce




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