Mangopay helps ManoMano optimize payments on its marketplace

Marketplaces-focused payment infrastructure company Mangopay has entered into a partnership with ManoMano, a fast-growing B2B marketplace specializing in DIY. The aim of their joint work is to optimize and improve the marketplace's payment infrastructure and solutions, in order to meet the platform's ambitions for territorial expansion. ManoMano will thus benefit from the fintech's expertise, an asset that will strengthen the links between marketplace professionals and their customers.

FACTS

• From now on, Mangopay will be responsible for strengthening ManoMano's payment capacity, and in particular for managing the payment flows of sellers affiliated to the platform in Europe.
• In addition, Mongopay will work on payment and verification processes.
• To this end, ManoMano will integrate Mangopay's API and e-wallet infrastructure.
• In addition to the streamlining and improvement aspect, Mangopay is also expected to be involved in the subject of international payments for the marketplace.
• The fintech explains that it will assist ManoMano with cross-border payment issues. This would involve, in particular, verification of sellers, and extended management of payments in different currencies and to local bank accounts.

CHALLENGES

• Strengthening the link between customers and professionals: This partnership is partly motivated by ManoMano's declared desire to offer a more dynamic and user-friendly marketplace. The aim is also to bring professionals and their customers closer together through better quality services.
• Growth ambitions supported by Mangopay: ManoMano is currently available in France, Italy, Belgium, Spain, Germany and the UK. The objectives of the collaboration with fintech show that the platform wishes to expand its business geographically, guaranteeing high-performance payment services, even internationally. Mangopay's role is therefore an important one, as it will support ManoMano's international growth with appropriate payment solutions. In particular, the French company is planning to expand into China.
• A partnership in line with ManoMano's DNA: One of ManoMano's objectives is to use technology to unite people in commerce. Capitalizing on Mangopay's experience is one way of fulfilling this mission.

MARKET PERSPECTIVE

• Mangopay continues to forge partnerships with a view to optimizing its services for marketplaces. In February, the fintech also entered into a major partnership with Payplug, with the aim of launching a payment solution capitalizing on the expertise of both companies.