Mangopay

crowdfunding platformscrowdfunding

STATUS: Acquired/Merged
FOUNDING YEAR: 2013
LOCATION: Luxembourg
Last Update: 09/07/2020

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About

MANGOPAY provides a payment API dedicated to the sharing economy, crowdfunding community and marketplaces. Unlike traditional payment solutions, MANGOPAY can process payments in, including cards, bank transfers or Direct Debit, split transactions, hold funds in multiple currencies and automate the pay-out to the end beneficiary. MANGOPAY's developer-friendly REST API enables its clients to create whatever UI and UX fit their customer demands. There is a free sandbox on the website, as well as open-source SDK/libraries.

MEDICI Analysis

MangoPay is a third-party payment solution that provides payment technology for marketplaces, crowdfunding, and sharing economy platforms. The white-label solutions helps to can securely escrows funds and handle multiple currencies, international & domestic payment methods.

Focus

PRODUCTS & SERVICES

MangoPay offers offers payment solutions that enable various platforms to accept multiple currencies and multiple payment methods online, including credit and debit cards, direct debit and bank transfers. It can hold the funds on segregated accounts automate the pay-outs.

REVENUE MODEL

The company charges transaction fee when the payment is recieved which is 1.8% + $0.21 per transaction.

MAIN CLIENTS

Some of its clients are Liftshare

Ulule

Vestiaire etc

EXISTING PARTNERSHIPS

Some of its partners are Station F

Paris & Co.

Schoolab

Hemera

Cocolabs

CapSens

Wizaplace

Neoma and Eurotechnologies.

PRIMARY PROBLEM SOLVED

Accept payments, escrow funds and automate the pay-out in your marketplace, your crowdfunding platform or your sharing economy website

company provided insights

Traction

TRANSACTIONS COMMENT:

Processed over €420M transactions in 2016. On track for €1BN transactions to be processed in 2017!

ACTIVE USERS:

1500

ACTIVE USERS COMMENT:

over 1,500 platforms are using MANGOPAY, with 10M end-customers

People

FOUNDERS

Celine Lazorthes Vigne

Pierre Lion

NUMBER OF EMPLOYEES

51-200

Momentum

FUNDED

NO

TOTAL FUNDING

$8.2 M

DATE OF LAST FUNDING

2012

SEED & PRIOR FUNDING

$1.1 M

SEED CLOSED ON

Feb 2010

FUNDING SERIES

SERIES A  · $1.7 M  · Nov 2010

SERIES B  · $5.4 M  · Mar 2012

LISTED

NO

BASICS

STATUS:

Acquired/Merged

FOUNDING YEAR:

2013

LOCATION:

Luxembourg

Views:

297 VISITORS | 461 VIEWS
LATEST FUNDING ROUND

$8.2 M

TOTAL EMPLOYEES
51-200

About

MANGOPAY provides a payment API dedicated to the sharing economy, crowdfunding community and marketplaces. Unlike traditional payment solutions, MANGOPAY can process payments in, including cards, bank transfers or Direct Debit, split transactions, hold funds in multiple currencies and automate the pay-out to the end beneficiary. MANGOPAY's developer-friendly REST API enables its clients to create whatever UI and UX fit their customer demands. There is a free sandbox on the website, as well as open-source SDK/libraries.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

MangoPay is a third-party payment solution that provides payment technology for marketplaces, crowdfunding, and sharing economy platforms. The white-label solutions helps to can securely escrows funds and handle multiple currencies, international & domestic payment methods.

Focus+
Momentum+
Traction+
People+
Other+

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Mangopay

About

MANGOPAY provides a payment API dedicated to the sharing economy, crowdfunding community and marketplaces. Unlike traditional payment solutions, MANGOPAY can process payments in, including cards, bank transfers or Direct Debit, split transactions, hold funds in multiple currencies and automate the pay-out to the end beneficiary. MANGOPAY's developer-friendly REST API enables its clients to create whatever UI and UX fit their customer demands. There is a free sandbox on the website, as well as open-source SDK/libraries.

Focus

PRODUCTS & SERVICES

Payment technology Payment API e-wallets

REVENUE MODEL

The company charges transaction fee when the payment is recieved which is 1.8% + $0.21 per transaction.

TOP PROBLEM SOLVED

Accept payments, escrow funds and automate the pay-out in your marketplace, your crowdfunding platform or your sharing economy website

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRIMARY CUSTOMER TYPE

Enterprise - Others

Small and Medium Business - Online Retail

Small And Medium Business - Other

People

FOUNDERS

Celine Lazorthes Vigne

Pierre Lion

NUMBER OF EMPLOYEES

51-200

KEY EMPLOYEES:

CTO: Laure Némée

CRO: Pierre Lion-Bessa

FOUNDER: Celine Lazorthes Vigne

FOUNDER: Pierre Lion

Momentum

FUNDED

NO

LISTED

NO

FUNDING SERIES