Mangopay

Mangopay provides a modular and flexible payment infrastructure for marketplaces and platforms. You can build on, around, and between our products, in any way you need to succeed. Trusted by 2500+ business globally.

Mangopay is a leading provider of modular payment infrastructure solutions tailored specifically for platforms and marketplaces. Founded in 2013, the company offers a flexible, white-label solution that enables platforms to create their own customized payment flow and set up e-wallets to manage payment splits, escrow accounts, and more. Mangopay's end-to-end infrastructure covers all platform payment needs, from pay-in to payout, across various business models and workflows.

Mangopay acquires fraud detection and prevention company Nethone

Payments Infrastructure Fintech Mangopay Selected By Germany's Automotive Marketplace Mobile.de

Mangopay fuels the future of marketplaces and platforms by acquiring payment orchestrator WhenThen

MANGOPAY Reviews: Pricing & Software Features 2024

German Automotive Marketplace mobile.de Taps Mangopay for Embedded Payments

Mangopay Buys WhenThen to Scale Platform Payments

Mangopay Debuts AI-Powered Fraud Prevention Solution

Liz Oakes joins Mangopay's board as Non-Executive Director

Mangopay: Embedded Payments for the Automotive Marketplace

based Mangopay expands operations to the UK /

Payments And Fundraising: How They Did It

Mangopay acquires PayTech WhenThen to boost pay-in capabilities

Digital Wallets

Mangopay is an end-to-end payment solution that uses a differentiated e-wallet environment to support payment processing of marketplaces and platforms. It supports payments across a broad range of platforms such as <a href="https://sp-edge.com/companies/174912">Vinted</a>, <a href="https://sp-edge.com/companies/34079">Chrono24</a>, <a href="https://sp-edge.com/companies/48814">La Redoute</a>, <a href="https://sp-edge.com/companies/894">Rakuten</a>, and <a href="https://sp-edge.com/companies/248688">Wallapop</a>. The platform claims to provide developer-friendly APIs, which enable marketplaces to accept consumer payments, onboard sellers, and route funds globally. Mangopay’s e-wallet environment supports payment processing for ​​various business models by offering flexible split payments, use of escrow accounts, and closed-loop payments.

Democratizing financial technology with a suite of API-based solutions

FinTech Infrastructure

FOURSOURCE selects Mangopay to facilitate payments within the platform

Mangopay is a leading provider of modular payment infrastructure solutions tailored specifically for platforms and marketplaces. Founded in 2013, the company offers a flexible, white-label solution that enables platforms to create their own customized payment flow and set up e-wallets to manage payment splits, escrow accounts, and more. Mangopay's end-to-end infrastructure covers all platform payment needs, from pay-in to payout, across various business models and workflows.
At its core, Mangopay's offering revolves around a programmable e-wallet solution that empowers platforms to streamline their payment processes seamlessly. This includes features such as multi-currency payment collection, international payouts, refunds to e-wallets or bank accounts, and more. The company's solutions are designed to optimize customer engagement and enhance the overall user experience.
In November 2022, Mangopay acquired Nethone, a fraud detection and prevention company based in Poland, further strengthening its anti-fraud capabilities. This strategic move allowed Mangopay to provide robust anti-fraud solutions specifically designed for platform businesses, safeguarding transactions against various threats.
Mangopay has garnered recognition for its innovative offerings, including being named the "Best Platform and Marketplace Provider" at the Merchant Payments Ecosystem (MPE) Awards in March 2023 and one of the most promising cross-border payment companies by FXC Intelligence in October 2023.
In August 2023, Mangopay announced the acquisition of WhenThen, a payment orchestration platform based in Dublin. This strategic move enabled Mangopay to scale its payment offering and unlock significant value for its customers through enhanced pay-in capabilities, intelligent payment routing, improved customer experiences, and a centralized dashboard for payment operations. The entire WhenThen team and products were integrated into Mangopay's operations under the Mangopay brand.

Dwolla is a leading provider of payment services specializing in account-to-account (A2A) payments. The company offers an innovative API solution called Dwolla Connect, designed for mid to enterprise-sized businesses. Dwolla Connect simplifies the process of replacing legacy, batch-based technology with modern infrastructure, enhancing the management and reconciliation of payments across multiple financial institutions. With Connect's bank-agnostic approach, businesses can leverage their existing commercial accounts at top US banks, including JPMorgan Chase & Co. and Wells Fargo, to effortlessly initiate payments by embedding Dwolla's API into their existing applications and payment flows.
Dwolla Connect serves a wide range of industries, such as financial services, lending, banking-as-a-service, marketplaces, and insurance, among others. Its API-first approach enables businesses to effortlessly integrate A2A payments into their apps or connect with existing ERP/cash management systems, offering a centralized location for payment information. Dwolla Connect provides substantial time and cost savings by allowing businesses to embed a single API, avoiding multiple bank integrations and simplifying their treasury management.
Over the years, Dwolla has expanded its offerings, introducing products like Dwolla Balance, a digital wallet solution, and exploring new payment methods and value-added services. The company has partnered with industry leaders like MX, a leader in open finance APIs, and Mastercard to enhance its payment capabilities and offer consumers more choice in managing their money.

Dwolla

Papaya is a SaaS fintech company that provides global payroll and payments technology through its comprehensive platform called Papaya Payroll OS. The platform automates payroll processes, ensures compliance, offers flexibility, and provides robust security features. Papaya's integrated approach connects data and processes from various HR and enterprise resource planning (ERP) tools, creating a single source of truth. This turns payroll, a company's biggest expense and liability, into a strategic asset that enables growth at scale.
One of Papaya's key offerings is a personal portal that empowers employees with convenient access to their payroll financial information. In March 2023, the company introduced a mobile app as part of this portal, allowing employees to securely view and manage their payslips, work-related documents, and bank account details on the go. This app caters to the growing trend of employees accessing payroll information via mobile devices, with 53% of employees doing so as of March 2023.
Papaya's technology has been recognized by leading global analysts for its disruptive approach in workforce management and payments. The company has received accolades such as being included in the Forbes Cloud 100 and CNBC's Top Startups for the Enterprise.

Papaya

Citcon is a leading global payment gateway and service provider, offering innovative solutions that enable businesses to accept payments from consumers using various mobile wallets, payment apps, and methods. The company's technology empowers merchants to expand their customer base and streamline the payment process, enhancing the overall shopping experience. Citcon's platform allows merchants to securely process millions of payment transactions daily from over 200 payment methods, including popular digital wallets like Alipay, WeChat Pay, PayPal, and Venmo.
Founded in 2015, Citcon pioneered as the first authorized US merchant acquirer for WeChat Pay and Alipay, two of the most widely used mobile wallet providers in China. Over the years, the company has expanded its partnerships to include more than 20 global wallet providers, reaching over 2 billion mobile wallet users worldwide. Citcon's technology integrates seamlessly with various point-of-sale (POS) and ecommerce systems, making it accessible to merchants across diverse industries.
Citcon's solutions cater to the needs of businesses of all sizes, from Fortune 1000 companies like L'Oréal, Hermes, and Nordstrom to major retailers such as Macy's, Caesars Entertainment, MGM Resorts, and Revolve. Its platform is deployed at over 30,000 merchant sites and locations globally.
In October 2021, Citcon closed a USD 30 million Series C funding round, backed by leading global investors such as Norwest Venture Partners, Cota Capital, Sierra Ventures, Sonae, and East-West Bank. The company has expanded its presence with regional offices in the US, Canada, Europe, and Asia to serve its global clientele better.
Citcon has also diversified its offerings to include cryptocurrency payments. In May 2021, the company partnered with Flexa, a leading pure-digital payments network, enabling merchants worldwide to accept cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Dogecoin as payment options.

Citcon

PayNearMe is a leading bill payment platform provider that enables unbanked consumers to make cash payments for various services. The company's technology generates a barcode that consumers can take to participating merchant locations within their vicinity. At the store, customers scan the barcode, provide cash to the cashier, and receive a receipt confirming the payment. This innovative solution solves the challenge of accepting cash payments in an increasingly digital world.
PayNearMe's platform supports multiple payment methods, including cash, credit/debit cards, and bank accounts. The company has built an extensive merchant network of over 40,000 retail locations across the US, including partnerships with major chains like Walgreens, CVS Pharmacy, Walmart, and Family Dollar Stores. By March 2022, PayNearMe had expanded its network by nearly 50% over the previous 12 months, with the addition of nearly 9,000 Walgreens and Duane Reade locations.
PayNearMe offers a seamless payment experience for customers while enabling businesses to increase foot traffic and potential incremental sales. The company focuses on partnering with convenience stores, dollar stores, grocers, and pharmacies, as these merchant categories align well with their business model.

PayNearMe

Paydiant was a company that provided a cloud-based white-label mobile wallet platform enabling merchants and banks to deploy their own secure mobile wallet solutions under their brand names. Its patented technology allowed merchants to integrate mobile wallet functionality, including mobile payments, loyalty programs, offers, and e-receipts within their existing mobile apps.
The platform assisted merchants in acquiring new customers and increasing sales by delivering targeted offers and personalized loyalty programs directly to consumer mobile devices. Payment credentials were never stored on users' phones but instead securely held in a PCI-compliant data center, enhancing transaction security.
Paydiant's flexible platform supported various payment instruments like debit, credit, gift, and private-label cards while providing valuable insights into customer spending behavior. It facilitated seamless integration with existing point-of-sale systems across popular smartphone models, eliminating hardware upgrade requirements. The company's technology was compatible with emerging standards like Bluetooth Low Energy (BLE).
In March 2015, Paydiant was acquired by PayPal to bolster the latter's in-store mobile payment capabilities and enable merchant partners to build branded mobile wallets integrated with PayPal's services.

Paydiant

These enable users to utilize their wallets for various transactions at virtually any merchant that accepts digital wallet payments without any restrictions on usage.

These enable users to carry out transactions at a selected list of merchants and locations. Merchants may need to set up predefined agreements with digital wallet issuers to accept payments from the wallet.

These are typically developed by merchants themselves and allow customers to use their wallets to make payments at the merchants’ own stores. Users are unable to use these wallets for transactions outside the issuing merchant.

Companies that offer white-label solutions for businesses and fintechs to set up their own digital wallet offering.

Leverages AI/ML to conduct various AML/KYC checks on customers and transactions processed through digital wallets

Mangopay is an end-to-end payment solution that uses a differentiated e-wallet environment to support payment processing of marketplaces and platforms. It supports payments across a broad range of platforms such as <a href="https://sp-edge.com/companies/174912">Vinted</a>, <a href="https://sp-edge.com/companies/34079">Chrono24</a>, <a href="https://sp-edge.com/companies/48814">La Redoute</a>, <a href="https://sp-edge.com/companies/894">Rakuten</a>, and <a href="https://sp-edge.com/companies/248688">Wallapop</a>. The platform claims to provide developer-friendly APIs, which enable marketplaces to accept consumer payments, onboard sellers, and route funds globally. Mangopay’s e-wallet environment supports payment processing for ​​various business models by offering flexible split payments, use of escrow accounts, and closed-loop payments.The platform charges a monthly subscription fee of GBP 249 (~USD 314) and other additional charges in commission and fees based on transactions and volume processed. It also offers a custom pricing option for platforms processing over GBP 400,000 per annum in total transaction volume.In March 2023, Mangopay acquired <a href="https://sp-edge.com/companies/1476909">WhenThen</a>, an Ireland-based no-code payment processing platform, for an undisclosed sum. Through this acquisition, Mangopay had plans to combine its technologies with WhenThen’s payment stack to provide intelligent payment routing and increase conversion rates, scale its payment offerings, and enhance pay-in capabilities.Key customers and partnershipsIn February 2024, Mangopay <a href="https://sp-edge.com/updates/26692">partnered with Mobile.de</a>, a German automobile marketplace, to expand its product reach by supporting payments relating to buying and selling of vehicles on Mobile.de platform. Mangopay and PayPal have collaborated since 2016 to enhance global marketplace payment capabilities. In March 2023, Mangopay expanded its partnership with Paypal to fully leverage Paypal’s streamlined payment processes to further enhance payment capabilities, including improved domestic and cross-border digital payments.Funding and financialsIn April 2022, Mangopay received EUR 75 million (~USD 79.8 million) via an investment from Advent International. The company earmarked the funds to accelerate its growth by focusing on international expansion, targeting specific verticals, and enhancing its product offerings.

Cross River Bank provides a white-label banking-as-a-service (BaaS) platform for enterprises, combining banking services, payments, and marketplace lending infrastructure to build fintechs. Its solutions comprise demand deposits, savings accounts, credit and debit cards, and payment clearing services, including automated clearing house (ACH) and real-time payments. The company also provides banking and payment infrastructure for the crypto industry, including risk management services for its crypto clients.Cross River Bank has expanded its operations by acquiring Betterfin, a platform offering lending-as-a-service (LaaS) solutions, in November 2021. Through the acquisition, Cross River Bank leveraged Betterfin’s software to digitize parts of the small-business lending process (such as origination and underwriting).&nbsp;Key customers and partnerships&nbsp; As of November 2024, Cross River had over 80 clients, including lenders such as Affirm, Best Egg, and Upstart, neobanks such as <a href="https://sp-edge.com/companies/220119">Revolut</a>, and blockchain-based payment processing platform GreenBox. The platform reportedly originated over USD 24 billion in loans per annum, around 10x the value of loans it originated in 2015.As of November 2024, the company had over 500 employees and had entered more than 80 partnerships.&nbsp;In September 2024, Cross River Bank partnered with Forward, an embedded payments company, to offer payouts-as-service solutions featuring same-day automated clearing house (ACH) payouts through Forward's proprietary API technology.&nbsp;Cross River Bank also teamed up with UK-based BaaS provider <a href="https://sp-edge.com/companies/421515">Railsr</a> in January 2019 to launch a common API for their platforms to be used globally.The company partnered with <a href="https://sp-edge.com/companies/1643">American Express</a> (Amex) to enable FinTechs to issue credit cards through Cross River Bank, on the Amex network, while also providing select Amex benefits to the FinTechs.&nbsp;

Cross River Bank

Synctera was co-founded in 2020 by Peter Hazlehurst, the former head of Uber Money, who previously led the development of Google Wallet. The company offers an API-based infrastructure platform for community and regional banks to find and partner with FinTechs. This enables FinTechs to leverage the former’s licenses to embed FDIC-insured mobile checking, debit cards, savings accounts, and payment innovations, among other features. The API platform offered to the banks will then be sold to the FinTechs to code on. Although the end customers interact with the FinTechs, they legally belong to the bank.<a href="https://sp-edge.com/updates/8117">Synctera mainly charges the banks </a>based on the interchange fees they earn (half of the interchange fees, as of January 2022) from the services provided. It does not charge them an initial amount to use the platform. Moreover, the platform also embeds fraud-as-a-service and charges FinTechs on a per transaction basis (4 cents per transaction) should they choose to use it. It subsequently shares that revenue 50/50 with the banks.The company launched the “t-minus10” project in January 2022, which offers a live sandbox for FinTechs to build apps, test, and go to market, enhancing their access to banking partners. It subsequently launched a “Smart Charge Card” (APIs to build, launch, and issue charge cards) and “White-label Banking App” (a codebase for developers to build embedded banking products or neobank apps) infrastructure in October 2022.Key customers and partnershipsIn February 2022, Lineage Bank (a community bank in Tennessee) and GoGetr (FinTech aiming to promote health and wealth management) became the first companies to launch a banking solution using the Synctera platform. As of March 2023, the platform was working with around 50 fintechs, of which 14 were live (including Wayapay and Float). Synctera reportedly had over 20 implementations set for launch in the following two months.Synctera announced a new card issuing and management infrastructure offering (Card-as-a-Service), in July 2021, which it developed in partnership with Mastercard and leading card issuing infrastructure disruptor, <a href="https://sp-edge.com/companies/64287">Marqeta</a>.In August 2024, Synctera partnered with<a href="https://thepaypers.com/payments-general/synctera-partners-marqeta-to-introduce-fleet-cards--1269833"> Marqeta&nbsp;</a>to develop a fleet card solution that helps companies create and manage their own fleet card and banking products.

Synctera

Based in the UK, Weavr, formerly known as Open Payments Cloud, was spun out of payment provider Ixaris in 2019. Weavr offers the infrastructure for enterprises to embed banking services across various industries, including education, fitness, logistics, etc. Weavr’s “Meta” platform combines multiple banking and payments partners in one platform through application programming interfaces (APIs). Using the APIs, enterprises can embed virtual banking services such as card payments, fund transfers, and international banking accounts.Weavr expanded its operations to Singapore in November 2022, as part of its global expansion plans.In March 2023, the company acquired Comma Payments in a primarily equity-based transaction to integrate the latter’s technology. The integration will allow customers to transition from making payments via existing bank accounts to using Weavr-provided accounts with enhanced controls and payment options.Key customers and partnershipsAs of February 2023, Weavr had served over 1,500 enterprises, including Wectory, AllGravy, Corplife, Finway, Thanks Ben, and MySkillCamp.&nbsp;In October 2019, Weavr partnered with payment service providers Global Processing Services (GPS), Paynetics, and iDenfy to enable developers to create and run sophisticated and streamlined payment experiences for their European customers through Weavr.In June 2023, the company&nbsp;<a href="https://www.weavr.io/blog/weavr-and-visa-to-deliver-embedded-finance-to-the-global-stage/">partnered with Visa</a> to integrate its financial plug-ins with Visa's payment capabilities to create embedded finance solutions that are easy to deploy and cost-effective.

Weavr

MX offers an open finance portal, data connectivity application programming interface (API), and MX platform API for banks, credit unions, and other financial service providers. The company’s solutions allow its clients to utilize financial data to reduce fraud, approve loans faster, and improve their customer experiences. In addition to APIs and connections, MX also offers a range of capabilities, including data aggregation, analytics, financial feed insights, wealth and investment services, and verification services.MX looks to enable banks and financial institutions to launch next-generation services and apps that automate and personalize financial experiences.Key customers and partnershipsAs of January 2021, the company noted that it worked with more than 1800 banks, credit unions, and FinTech companies, and its platform reached over 200 million end-users. Moreover, it also powered 43 of the top 50 digital banks as of the same period.&nbsp;As of November 2024, the company maintained connections with more than 13,000 financial institutions and FinTechs. Moreover, the company had processed transactions worth USD 170 billion, averaging around USD 150 million per day.In November 2024, the company partnered with&nbsp;<a href="https://www.pymnts.com/news/banking/2024/american-express-forms-data-sharing-partnership-with-mx/">American Express</a> to enable the latter’s customers to securely connect their accounts with third-party financial institutions and FinTech apps through MX's platform.In&nbsp;<a href="https://sp-edge.com/updates/8753?industryIds=53">February 2022, MX partnered</a> with&nbsp;<a href="https://sp-edge.com/companies/361160">Rize</a>, to enable users to access Rize’s banking infrastructure to build, launch, and scale financial products through a single API, thereby reducing the development time and cost.&nbsp;&nbsp;

Bankable is a banking-as-a-service (BaaS) infrastructure provider allowing financial institutions and corporations to utilize its API to integrate banking services. It provides a platform for its enterprise customers to offer modular banking services, including ledger management (process data from multiple banks to support cash management for global corporate affairs), digital banking, payment cards, and e-wallets. The company expanded its platform by <a href="https://sp-edge.com/updates/19662">acquiring Arex Markets </a>in June 2023, to embed working capital solutions (such as flexible invoice financing, corporate credit cards, lodged cars, and revolving credit).The company has a global presence, with operations spanning from the US to the Middle East as of January 2021. Bankable noted that the expansion of its global footprint also helps its European and US FinTech clients expand their operations internationally.Key customers and partnershipsIn January 2020, the company partnered with the diversified FinTech infrastructure provider <a href="https://sp-edge.com/companies/85350">Plaid </a>, which enabled Bankable’s customers to use Plaid’s tech to connect to more than 15,000 banks in the US and Europe.

Bankable

Platforms that allow FinTechs to integrate banking services such as opening and maintaining accounts, facilitating card payments, etc.


Platforms that enable FinTechs to integrate a range of payment-related services such as one-time payments, subscriptions, and receipt management for domestic and cross-border transactions.


Companies that enable organizations to embed anti-money laundering (AML), identity verification, and know-your-customer (KYC) solutions.


Platforms that allow FinTechs to integrate lending services,  by typically applying AI/ML technology to a spending analysis to analyze creditworthiness.

Companies providing APIs and integrations for FinTechs to access securities markets, facilitate transactions and clearing, and provide insights to help end-users manage their finances.

May specialize in promoting inclusiveness in financial services, primarily in the investment and lending spaces

AI/ML can improve the quality of their offerings, such as using AI/ML to reduce biases

Used for payment completions, accessing banking and transaction data, and providing financial insights, among others

PROMINENT_CATEGORY

<div>
 Mangopay, a European modular payment infrastructure provider, has announced a partnership with Mobile.de, a German automobile marketplace. The partnership aims to bolster Mangopay's product reach by streamlining payments associated with the buying and selling of vehicles on the Mobile.de platform.
 Through this collaboration, Mangopay aims to widen its product range by launching a wallet-based payment solution. This solution will facilitate secure fund transfers during vehicle purchases and sales.
 The new integrated payment solution guarantees the safety of transactions. Buyers will be able to confirm transactions after receiving and approving the purchased vehicle. At the same time, sellers are assured of secure payment processing within the Mobile.de platform, and have the flexibility of receiving payments into their preferred accounts.
 Analyst Take: This partnership news from Mangopay follows closely on the heels of a similar development between UK-based Volt, an open banking payment infrastructure platform, and Bumper, a payment platform for car dealerships. The aforementioned partnership, which took place nearly two weeks ago, aims to leverage Volt's open banking capabilities to offer real-time payments in UK, Spain, Germany, Netherlands, and the Republic of Ireland.
</div>

Mangopay

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