Payments company
Mangopay
Industry
| Fintech
|
---|
Founded
| 2013
|
---|
Founder
| Celine Lazorthes and Romain Mazeries
|
---|
Headquarters
| Luxembourg
|
---|
Key people
| - Romain Mazeries (CEO)
- Carlos Sanchez Arruti (CFO)
- Xavier Garambois (Executive Chairman)
|
---|
Owner
| Advent International
|
---|
Number of employees
| c. 500 (2024)
|
---|
Website
| mangopay
.com
|
---|
Mangopay
is a French
payments company
providing modular infrastructure technology for
e-commerce platforms
, particularly
online marketplaces
and platforms, such as Vinted, Chrono24,
Rakuten
, and
La Redoute
.
Mangopay is licensed in the
EU
/
EEA
by the CSSF (
Commission de Surveillance du Secteur Financier
) and in the UK by the FCA (
Financial Conduct Authority
).
[1]
[2]
In November, Mangopay became authorised as an
Electronic Money Institution
(EMI) by the
Financial Conduct Authority
(FCA).
[3]
In October 2023, the company was named one of FXC Intelligence's most promising
cross-border payment
companies.
[4]
In November, Mangopay announced the launch of its FX product to provide
multi-currency pricing
, local settlements and treasury management for clients to offer cross-border payments.
[5]
Mangopay offers
application programming interfaces
(APIs) enabling developers to incorporate payment capabilities into their platforms and applications. Mangopay's products are modular, allowing clients to select specific components to set up their desired payments flow.
[6]
[7]
[8]
History
[
edit
]
Mangopay was launched in 2013 and was a spin off from Leetchi.com, which was founded by Celine Lazorthes in
Paris
, in 2009.
[9]
[6]
In 2015, Mangopay and Leetchi.com were acquired by French bank Credit Mutuel Arkea.
[10]
[11]
In 2018, Romain Mazeries was appointed to the position of Mangopay
CEO
.
[12]
[13]
In April 2022, Mangopay was acquired by private equity firm
Advent International
, which injected €75m of primary capital.
[14]
[15]
In November of the same year, the company acquired Polish
anti-fraud
specialist Nethone for an undisclosed sum. Its acquisition added cybercrime protection to Mangopay's suite of services.
[16]
In March 2023, Mangopay acquired
Dublin
-based payments startup WhenThen for an undisclosed sum. In the same month, the company was named as the Best Platform and Marketplace Provider at the Merchant Payments Ecosystem (MPE) Awards.
[17]
References
[
edit
]
- ^
"Mangopay | Company Database | ThePaypers"
.
thepaypers.com
. Retrieved
2024-03-25
.
- ^
"MongoPay Terms and Conditions"
.
www.studely.com
. Retrieved
2024-03-25
.
- ^
"Farewell from AltFi"
.
www.altfi.com
. Retrieved
2024-03-25
.
- ^
"The 30 Most Promising Cross-Border Payments Companies"
.
FXC Intelligence
. 2023-10-12
. Retrieved
2024-03-25
.
- ^
"Farewell from AltFi"
.
www.altfi.com
. Retrieved
2024-03-25
.
- ^
a
b
"How Luxembourg FinTech payment solution MANGOPAY grew internationally"
.
Luxembourg for Finance
. Retrieved
2024-03-25
.
- ^
"Mangopay Payment Gateway"
.
commercemarketplace.adobe.com
. Retrieved
2024-03-25
.
- ^
"Salesforce, SAP, Pardot Integration For E-Commerce Store"
.
eShopSync
. 2023-07-05
. Retrieved
2024-03-25
.
- ^
Chapman, Tom (2024-02-15).
"Mangopay: Embedded Payments for the Automotive Marketplace"
.
fintechmagazine.com
. Retrieved
2024-03-25
.
- ^
Dillet, Romain (2015-09-22).
"Credit Mutuel Arkea Acquires Money Pot And Payment Service Leetchi"
.
TechCrunch
. Retrieved
2024-03-25
.
- ^
"Credit Mutuel Arkea enters sharing economy with acquisition of The Leetchi Group"
.
Finextra Research
. 2015-09-22
. Retrieved
2024-03-25
.
- ^
Allain, Anne-Laure.
"Entretien | Romain Mazeries, Mangopay. " Startup ? Scale-up ? J'aime bien me dire qu'une entreprise est un etre vivant en perpetuelle mutation "
"
.
Corporate Finance, DeFi, Blockchain News
(in French)
. Retrieved
2024-03-25
.
- ^
"How Necessity Proved The Mother Of Invention For MANGOPAY CEO Romain Mazeries | The Fintech Times"
.
thefintechtimes.com
. 2019-12-13. Archived from
the original
on 2019-12-13
. Retrieved
2024-03-25
.
- ^
Khairnar, Shruti (2022-04-07).
"Advent International acquires European paytech Mangopay, invests €75m"
.
fintechfutures.com
. Retrieved
2024-03-25
.
- ^
"Advent buys MANGOPAY, doles out €75 million to fuel expansion beyond Europe"
.
Tech.eu
. 2022-04-06
. Retrieved
2024-03-25
.
- ^
"Mangopay acquires fraud detection and prevention company Nethone"
.
Tech.eu
. 2022-11-29
. Retrieved
2024-03-25
.
- ^
"MPE | History 2023"
.
www.merchantpaymentsecosystem.com
. Retrieved
2024-03-25
.