Mangopay has announced an agreement with fintech Storfund that aims to offer marketplace sellers the opportunity to end the usual 10-30 day wait for payment for their sales and receive it the same day they sell.
Specifically, a statement states that l. thanks to this collaborationMarketplaces can offer sellers on their platform the ability to enable instant payment for their sales. This in turn can Quickly improve the cash flow of companies selling on marketplacesThis gives them more flexibility and the ability to replenish their inventory more regularly.
Delays in receiving payments can leave sellers without the funds they need to run their business. The solution offered to Mangopay customers via The new partnership with Storfund enables sellers to significantly scale their business and increase saleswhich promotes the growth of marketplaces and the platform economy.
Storfundbased in London, was launched in 2018 to increase cash flow for sellers, particularly during periods of increased buying activity, such as the final quarter of the year. Since then, the company has expanded its services to more than 30 countries as the marketplace industry and the number of sellers continued to grow.
On your side, Mangopay has been offering its modular payment infrastructure to marketplaces since 2013. Flexibility is at the heart of its approach and its modular solution is designed to allow marketplaces to select and create a specific payment infrastructure to suit their needs.
George Brintalos, Founder and CEO of StorfundIt says: “Storfund and Mangopay are two companies driving innovation that contributes to the growth of the platform economy, whether it is sellers looking to grow their business or the marketplaces themselves. At Storfund we have the principle that in E -Commerce everyone wins: When we support the growth of sellers on the marketplaces, we also support the growth of the marketplaces. We are excited to expand these growth opportunities to additional marketplaces through our new partnership with Mangopay.«.
Romain Mazeries, CEO of Mangopayexplained: “At Mangopay, we have a relentless focus on innovation for our customers, be it new cross-border payment options, sophisticated fraud prevention technologies or partner integrations through our modular approach, providing opportunities to drive business growth. . By introducing instant payments and answering cash flow challenges, Storfund is the newest partner solution in our ecosystem that can help our marketplace customers and their sellers scale.«.
