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 wa ...

s and platforms, such as Vinted, Chrono24,

Rakuten is a Japanese technology conglomerate based in Tokyo, founded by Hiroshi Mikitani in 1997. Centered around the online retail marketplace Rakuten Ichiba, its businesses include financial services utilizing Fintech, digital content and communi ...

, 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 Fr ...

. Mangopay is licensed in the EU/

EEA The European Economic Area (EEA) was established via the ''Agreement on the European Economic Area'', an international agreement which enables the extension of the European Union's single market to member states of the European Free Trade Assoc ...

by the CSSF (

Commission de Surveillance du Secteur Financier The (CSSF) is the main financial regulatory authority in Luxembourg. Since 2014, it has been the country's national competent authority within European Banking Supervision. The CSSF is also responsible for the supervision of experts in the f ...

) and in the UK by the FCA (

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

). In November 2023, 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 2023, Mangopay announced the launch of its FX product to provide

multi-currency pricing Multi-currency pricing (MCP) is a method that international companies use to do business using local currencies. This allows them to price goods and services in a variety of foreign currencies, while continuing to receive settlement and reporting in ...

, local settlements and treasury management for clients to offer cross-border payments. In May 2024, Mangopay announced the launch of its payment processor-agnostic Fraud Prevention solution to defend against threats, including account takeover, reseller fraud, payment fraud, chargebacks, and returns abuse. Mangopay offers

application programming interfaces An application programming interface (API) is a connection between computers or between computer programs. It is a type of software interface, offering a service to other pieces of software. A document or standard that describes how to build su ...

(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 city, capital and List of communes in France with over 20,000 inhabitants, largest city of France. With an estimated population of 2,048,472 residents in January 2025 in an area of more than , Paris is the List of ci ...

, 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 chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

. In April 2022, Mangopay was acquired by private equity firm

Advent International Advent International Corporation is an American global private equity firm. It is focused on buyouts of companies in Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, growth and strat ...

, which injected €75m of primary capital. In November of the same year, the company acquired Polish

anti-fraud Fraud deterrence has gained public recognition and spotlight since the 2002 inception of the Sarbanes-Oxley Act. Of the many reforms enacted through Sarbanes-Oxley, one major goal was to regain public confidence in the reliability of financial marke ...

specialist Nethone for an undisclosed sum. Its acquisition added cybercrime protection to Mangopay's suite of services. In March 2023, Mangopay acquired

Dublin Dublin is the capital and largest city of Republic of Ireland, Ireland. Situated on Dublin Bay at the mouth of the River Liffey, it is in the Provinces of Ireland, province of Leinster, and is bordered on the south by the Dublin Mountains, pa ...

-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. In July 2024, Mangopay was named in the world's top 250 fintech companies by

CNBC CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Day ...

. In September 2024, Mangopay announced the appointment of former global director for payments and commerce partnerships at

Meta Meta most commonly refers to: * Meta (prefix), a common affix and word in English ( in Greek) * Meta Platforms, an American multinational technology conglomerate (formerly ''Facebook, Inc.'') Meta or META may also refer to: Businesses * Meta (ac ...

Sergi Herrero as CEO.{{Cite web , last=Nikolova , first=Maria , date=2024-09-17 , title=Mangopay appoints Sergi Herrero as CEO , url=https://fxnewsgroup.com/forex-news/executives/mangopay-appoints-sergi-herrero-as-ceo/ , access-date=2024-09-20 , website=FX News Group , language=en-US

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