News from the Wire

Mangopay, ManoMano to power payments for marketplaces

Wednesday, July 17, 2024 — 12:22:25 (EDT)

Paris, France; July 17 – Mangopay, a modular and flexible payment infrastructure provider for platforms, announces a new global partnership with ManoMano, a reference European marketplace specialising in online DIY, home improvement and gardening. The partnership is set to strengthen ManoMano’s platform capabilities and simplify payments for marketplace sellers.

At the heart of the new collaboration is Mangopay's support for ManoMano's expansion into the enterprise market and providing scalable commerce solutions for major global merchants.

The collaboration between the two companies aims to create a dynamic and user-friendly online marketplace that bridges the gap between specialist sellers in DIY, gardening, and home improvement, and customers seeking the expertise, products, and services offered by ManoMano. Mangopay specialises in modular, embeddable payment infrastructure for leading platforms worldwide. The company has processed over €100 billion in transactions and supports over 250 million users. Mangopay’s solutions enable platforms to build customised payment systems that drive revenue, facilitate growth, enhance their user experiences and prevent fraud.

ManoMano’s partnership with Mangopay represents a significant advancement in digital transactions for its marketplace and enhancing the seller experience. The integration of Mangopay’s API and e-wallet infrastructure will play a crucial role in ManoMano’s growth, both through its local operations and its international expansion through cross-border payments. The partnership will streamline payment and verification processes, increasing efficiency for sellers and simplifying earnings management and payouts.

Mangopay will also support ManoMano with its cross-border payment needs to expand into new geographies and grow its business in strategically important markets in line with its ongoing expansion plans, including the UK and China. This includes enabling ManoMano to verify sellers and make payments anywhere in the world, in local currencies and to local bank accounts.

As a regulated electronic money institution, Mangopay will handle ManoMano’s seller payment flows across Europe.

“At ManoMano, our mission is to harness technology to unite people through commerce," said Grégoire Hirtz, Vice President of Operations at ManoMano. "Our collaboration with Mangopay is a strategic move to enhance the payment experience for our community. Mangopay’s innovative modular payment solution has enabled us to create the specific infrastructure we need to support the growth of both our sellers’ businesses and our own."

“At Mangopay, we pride ourselves on supporting leading marketplaces and platforms. Helping our clients’ businesses to grow through innovating together is core to our strategy," said Alexis Ammar, Director of Strategic Sales at Mangopay. "Our flexible payment infrastructure empowers clients to innovate and succeed. We are excited to support ManoMano’s ambitious growth and turn ideas into action together."

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About Mangopay

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has over 250 million end users of its services and has processed over €100bn in transactions since its inception. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for its best-in-class payment services and its Fraud Prevention solution won a Fintech Breakthrough Award in March 2024.

www.mangopay.com

Contact

press@mangopay.com

About ManoMano

Created in France in 2013, ManoMano is the reference online marketplace for DIY, home improvement and gardening. Co-founded by Philippe de Chanville and Christian Raisson, ManoMano, by federating more than 5,000 sellers, brings together the largest offer of DIY & gardening products online, with more than 19 million references. ManoMano operates in 6 markets (France, Belgium, Spain, Italy, Germany and the United Kingdom).

Alongside ManoMano, we launched ManoManoPro in France in 2019. Specially designed by, and for, trade professionals, ManoManoPro is a "one-of-a-kind" dedicated B2B service that aims to make their lives easier. ManoManoPro is now present in all our markets (Spain and Italy in 2020, UK and Germany in 2022).

www.manomano.fr / www.manomano.co.uk

CONTACT

charlotte.huppert@manomano.com

manomano@monet-rp.com

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Source: Company press release.