Mirakl and Mangopay Partner for Marketplace Payment Efficiency
Deal News | Nov 12, 2024 | Home of Direct Commerce
Mirakl and Mangopay have announced a strategic partnership aimed at enhancing marketplace payment efficiency in Europe. Mirakl has chosen Mangopay's modular payment technology to power its Mirakl Payout solution, which automates and simplifies payment operations for marketplace operators. The collaboration offers a comprehensive suite including streamlined seller onboarding, Know Your Customer (KYC), payouts, refunds, and transaction matching, all while ensuring regulatory compliance. Mangopay, known for its customised, embeddable payment infrastructure, supports over 250 million users globally and has processed over 100 billion in transactions. The partnership aims to leverage Mangopay's technology to drive growth and unlock new revenue opportunities for marketplace operators and sellers by enhancing user experience and preventing fraud. Mirakl's director, Sophie Zellmeyer, and Mangopay's Chief Commercial Officer, Mark Fleming, both highlighted the mutual benefits and the potential for scaled, efficient growth in the marketplace sector.
Sectors
- Financial Technology (FinTech)
- E-commerce
Geography
- Europe – The strategic partnership between Mirakl and Mangopay focuses on improving marketplace payment solutions specifically within the European region.
Industry
- Financial Technology (FinTech) – The article discusses Mangopay's technological solutions in modular, embeddable payment infrastructure, which is a core offering in the FinTech industry.
- E-commerce – Mirakl operates in the e-commerce space, providing marketplaces with enhanced payment solutions to streamline operations and foster growth.
Financials
- 100 billion – The cumulative transaction value processed by Mangopay, indicating the scale of its operations and credibility in the financial technology sector.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mirakl | Target Company | Company | Mirakl offers marketplace solutions, including its Mirakl Payout service that streamlines and automates payment operations for its customers. |
| Mangopay | Payment Technology Provider | Company | Mangopay provides modular, embeddable payment infrastructure and supports a vast network of users and transactions worldwide. |
| Sophie Zellmeyer | Director of Mirakl Payout and Global Payment Partnerships | Person | Sophie Zellmeyer oversees the Mirakl Payout service and manages Mirakl's global payment partnerships. |
| Mark Fleming | Chief Commercial Officer at Mangopay | Person | Mark Fleming is responsible for Mangopay's commercial operations, contributing to the strategic partnership with Mirakl. |