MANGOPAY, provider of payment solutions for marketplaces and crowdfunding platforms in Europe, has announced that it has reached the € 20 billion in accumulated inbound transactions, just a few months after reaching the 10 billion euro mark in 2020. A key milestone in the company’s development.
An exponential growth that reinforces MANGOPAY’s strategy
The MANGOPAY scale-up continues to show exceptional growth and has announced that it has doubled the volume of transactions processed by its payment platform in one year. In fact, just 14 months after the announcement of the 10 billion euros, the fintech has registered 20 billion euros in transactions since its inception. This hypergrowth is the result of a successful international strategy focused on the needs of marketplaces and crowdfunding platforms. The fintech French is taking advantage of its unique and avant-garde positioning in the market: MANGOPAY allows marketplaces create complex, personalized and secure payment flows to facilitate exchanges between your users.
This growth is driven by MANGOPAY’s ability to support the development of its current portfolio of clients, including leading European e-commerce and technology players (Vinted, LaRedoute, Wallapop, Malt, Rakuten, Leboncoin, Chrono24 …), But also because of the new platforms that have decided to trust MANGOPAY, such as: Wallapop, Malt, MissCar, Inbestme, Gudog.
What’s next Road to 40 million in 2023
With this symbolic confirmation of its positioning, MANGOPAY reaffirms its ambitions. The goal for 2023 and the 10th anniversary of MANGOPAY: reach 40,000 million transactions. This ambition reflects the scalability of its business model and the acceleration of e-commerce in recent years, driven by the marketplaces and catalyzed by the health crisis.
To achieve its objectives, MANGOPAY will continue to evolve its product offering more transparency, immediacy and flexibility to its customers. But also accelerating its internationalization by increasing the geographic coverage and quality of service of its solutions, while facilitating the registration of users outside of Europe (in particular, Asian merchants).
Finally, MANGOPAY will also rely on its ecosystem of partners across Europe, such as Mirakl (the software solution for marketplace number 1 in the world) and PayPal. The ambition is to connect with more services to meet the specific needs of certain market sectors, developing dedicated offerings, such as the latest offering launched: BtoB Platforms.
“MANGOPAY was founded on the belief that e-commerce platformization would accelerate and become the norm, leading to significant changes in the way we consume and trade. In 2013, it was an ambitious vision, which today is materialized with our success, which is above all that of our clients“, He comments Romain Mazeries, CEO of MANGOPAY. “Our main goal remains to support entrepreneurs who trust us, and to be a major player in digitization and acceleration of exchanges.
“The flexibility of our technology, our technical and banking experience and the ecosystem of partners that we have built place us in the best possible position to become the European benchmark for marketplaces and continue to shape the stock exchanges of tomorrow.“. “MANGOPAY will soon celebrate its tenth anniversary and the adventure has only just begun“, He concludes.
