Mangopay is payments company providing modular infrastructure technology for e-commerce platforms, particularly

online marketplace An online marketplace (or online e-commerce marketplace) is a type of e-commerce website where product or service information is provided by multiple third parties. Online marketplaces are the primary type of multichannel ecommerce and can be a way ...

s and platforms, such as Vinted, Chrono24,

Rakuten () is a Japanese technology conglomerate based in Tokyo, founded by Hiroshi Mikitani in 1997. Centered around Rakuten Ichiba, its businesses include financial services utilizing financial technology, as well as digital content and communicati ...

, and

La Redoute La Redoute is a French multi channel retailer founded by Joseph Pollet in 1837. La Redoute specialises in ready to wear apparel and home decor, La Redoute is the 2nd largest seller of women's apparel and the 3rd largest seller of linens in Fran ...

. Mangopay is licensed in the EU/ EEA by the CSSF (

Commission de Surveillance du Secteur Financier The Commission de Surveillance du Secteur Financier (CSSF) is responsible for the financial regulation in Luxembourg Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy o ...

) and in the UK by the FCA (

Financial Conduct Authority The Financial Conduct Authority (FCA) is a financial regulation, financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. The ...

). In November, Mangopay became authorised as an Electronic Money Institution (EMI) by the

(FCA). In October 2023, the company was named one of FXC Intelligence's most promising cross-border payment companies. 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. 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.

History

Mangopay was launched in 2013 and was a spin off from Leetchi.com, which was founded by Celine Lazorthes in

Paris Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. S ...

, in 2009. In 2015, Mangopay and Leetchi.com were acquired by French bank Crédit Mutuel Arkéa. In 2018, Romain Mazeries was appointed to the position of Mangopay

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

. In April 2022, Mangopay was acquired by private equity firm Advent International, which injected €75m of primary capital. 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. In March 2023, Mangopay acquired

Dublin Dublin (; , or ) is the capital and largest city of Republic of Ireland, Ireland. On a bay at the mouth of the River Liffey, it is in the Provinces of Ireland, province of Leinster, bordered on the south by the Dublin Mountains, a part of th ...

-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.{{Cite web , title=MPE {{! History 2023 , url=https://www.merchantpaymentsecosystem.com/history/2023 , access-date=2024-03-25 , website=www.merchantpaymentsecosystem.com

References

Payment service providers Financial technology companies Business services companies established in 2013 Companies based in Paris French companies established in 2013 Software companies established in 2013