Mangopay
Mangopay is a Luxembourg-based, EMI-licensed payment infrastructure provider serving marketplaces and platforms with wallet-first multi-party payment flows. It offers programmable wallets, FX, payouts, KYC, and AI fraud prevention across 30+ countries.
- Company typePrivate
- Founded2013
- HeadquartersLuxembourg, Luxembourg
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What Mangopay does
Mangopay is a Luxembourg-based, EMI-licensed payment infrastructure provider founded in 2013 that builds wallet-first programmable infrastructure for marketplaces and platforms with multi-party payment flows. The company's core technology centers on programmable e-wallet architecture that allows platforms to create unlimited wallets for buyers, sellers, and partners, supporting wallet-to-wallet transfers, splits, escrow, and multi-currency holding across 20+ currencies. The modular product suite includes FX (currency conversion with competitive bank-beating rates), Multi-currency Accounts (virtual IBANs for local settlement in 30+ countries), Payments (30+ payment methods including cards, Apple Pay, Google Pay, PayPal, Klarna, SEPA, and local methods), Payout (global disbursements with unlimited splits), Identity (KYC/KYB across 190+ countries), and Fraud (Nethone-powered 360° AI detection monitoring 2M+ transactions daily). Infrastructure is API-first and acquirer-agnostic, with self-service developer documentation and white-label embedded finance capabilities.
Mangopay serves approximately 2,500+ platforms across six primary verticals: product marketplaces (Vinted, Chrono24, Wallapop, ManoMano, Gumtree, Debenhams Group, Mirakl-powered marketplaces), financial platforms (Caption), on-demand services (Malt, BlaBlaCar), travel and hospitality (OVO Network, CheckYeti), SaaS platforms, and crypto platforms (InstaXchange). The company has processed €150B+ in transactions and created 700M+ wallets across 30+ countries. Mangopay generates revenue through transaction-based fees on payment volumes, FX margins on currency conversions, subscription and wallet infrastructure fees, and usage-based fraud-prevention and identity-verification services, with volume-tiered pricing and custom enterprise contracts. The company is privately held by Advent International, which acquired it in 2023, and operates from seven offices across Europe (Luxembourg, Paris, London, Warsaw, Madrid, Berlin, Dublin) with 251-500 employees.
Mangopay firmographics
Firmographics- Name
- Mangopay
- Legal name
- Mangopay S.A.
- Website
- https://mangopay.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Mangopay is a Luxembourg-based, EMI-licensed payment infrastructure provider serving marketplaces and platforms with wallet-first multi-party payment flows. It offers programmable wallets, FX, payouts, KYC, and AI fraud prevention across 30+ countries.
- Ownership category
- akta.pro rank
Mangopay industry classification
Industry- Product category
- Payment Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
- akta.pro secondary industries
- Digital Wallet Platforms (Consumer & Merchant) (BPAMAFAC), Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA), A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF), A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB), Alternative Payment Methods (APMs) Enablement (BNPL, wallets, local methods) (FSAMACAE)
Keywords
Where Mangopay is headquartered
LocationHeadquarters
- HQ city
- Luxembourg
- HQ country
- Luxembourg
- HQ region
- Europe
Offices7 records
Markets served
Mangopay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Payment Processing Fees: Transaction-based fees on payment volumes processed through the platform. Volume-based discount model where higher payment volumes result in lower fees. Primary revenue stream from pay-in and payout transactions.
- FX Margins and Currency Conversion: Revenue generated from foreign exchange margins on currency conversions. Platforms can monetize transactions through embedded FX features, generating revenue from currency conversion spreads.
- Wallet and Infrastructure Fees: Fees for wallet infrastructure, virtual IBANs, and payment operations. Includes charges for wallet-to-wallet transfers, e-wallet re-spend capabilities, and unlimited IBAN usage.
- Fraud Prevention and Identity Services: AI-powered fraud prevention solution with real-time risk recommendations, customizable ML models, and global traffic analysis. Identity verification services for 190+ countries.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | Volume-based tiered pricing with custom enterprise plans |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
Mangopay product offering
Product offeringCore offering
Mangopay provides wallet-first payment infrastructure for platforms and marketplaces, enabling multi-party payment flows through programmable e-wallets, FX and currency conversion, virtual IBANs, payment acceptance across 30+ methods, global payouts, identity verification, and AI-powered fraud prevention. The infrastructure is sold as a regulated, API-first platform with EMI licensing from Luxembourg's CSSF, designed for B2B platform operators rather than end consumers.
Product overview
Mangopay is a wallet-first modular payment infrastructure platform designed for multi-party payment flows. The core platform consists of programmable e-wallet infrastructure with supporting modules including FX (currency conversion), Multi-currency Accounts (virtual IBANs), Payments (30+ payment methods), Payout (global disbursements), Identity (KYC/KYB verification across 190+ countries), and Fraud (AI-powered 360-degree fraud prevention). The architecture is API-first and acquirer-agnostic, allowing platforms to use individual modules or the full suite. The wallet infrastructure serves as the central component enabling fund holding, splitting, and movement across buyers, sellers, and partners. Acquisitions include Nethone (fraud prevention technology, 2022) and WhenThen (payment orchestration platform, 2023). The platform targets diverse verticals including product marketplaces, financial platforms, on-demand services, travel, SaaS, and crypto platforms.
Differentiator
Problem solved
Functional benefit
Brands
- Nethone: AI-powered fraud prevention solution offering 360° fraud detection, device fingerprinting, and dark-web intelligence for payment platforms and BNPL providers. Operates as a Mangopay company.
Products and services
- Wallet Multi-currency e-wallet infrastructure enabling platforms to create unlimited wallets for buyers, sellers, and partners. Supports wallet-to-wallet transfers, e-wallet re-spend, and programmable money movement for automated fund distribution and reconciliation. Designed for platform operators requiring multi-party payment flows.
- FX
Quantifiable outcome
- 34% less time spent on operations by platforms using Mangopay
- +8 more outcomes
Companies that use Mangopay
Customer profileNamed customers19 records
Segments6 records
Ideal customer profiles7 records
Mangopay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration26 records
AI capability5 records
Feature7 records
Mangopay partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered flagship and core.
- VintedflagshipExtended long-standing payments partnership with Europe's leading secondhand fashion marketplace. Mangopay continues as Vinted's payment service provider across Europe after more than a decade of collaboration, providing wallet infrastructure, payment processing, and payout capabilities.
- CaptioncoreInvestment platform Caption selected Mangopay as payments infrastructure partner to support scaling of its platform. Caption is France-licensed asset management company regulated by AMF and ACPR. Mangopay supports B2B services for asset managers and wealth advisors.
- Club EmployéscoreEmployee-benefits payments platform partnered with Mangopay to streamline employee-benefits payments and scale across Europe.
- InstaXchangecoreRegulated virtual asset service provider partnered with Mangopay for multi-currency fiat-to-crypto payments and localized experiences. Mangopay provides fiat payment services, virtual IBANs, wallets, and fraud prevention tools.
- GumtreecorePartnership to integrate Mangopay's wallet system, transforming Gumtree into a fully transactional marketplace by 2026. Aims to enhance transaction safety and user trust with significant platform shift from offline to digital payments.
- Debenhams GroupflagshipMulti-year partnership with UK online department store (including PrettyLittleThing, boohoo, Karen Millen brands). Mangopay's wallet infrastructure to simplify payouts, enhance operations, and create future-ready foundation for seamless multi-vendor commerce.
- AriacoreB2B payments specialist integrated Mangopay to power international growth. Aria uses Mangopay's virtual accounts linked to customer wallets, streamlining pre-finance workflows.
- PaybyrdcorePayment gateway partnered with Mangopay to optimize payment experiences for merchants. Paybyrd transitioned to user-owned Virtual Accounts linked to partner wallets, reducing settlement delays.
- WhenThencoreDublin-based payment orchestration platform acquired by Mangopay in March 2023. The acquisition expanded Mangopay's payment orchestration capabilities, improving pay-in features, payment routing, customer experience, and automating payment processes.
- NethonecorePolish fraud prevention company acquired by Mangopay with approximately €75M investment from Advent International. Expanded Mangopay's proprietary 'Know Your Users' technology using machine learning to improve fraud detection and authentication for online payment platforms.
- MiraklflagshipStrategic partnership announced to accelerate growth of European marketplaces. Mirakl Payout integrates Mangopay's e-wallet technology and KYB capabilities, enhancing marketplace payout solutions.
Scale indicators22 records
Recent moves6 records
Expansion highlights6 records
Mangopay competitors and assessment
Company assessmentDirect peers
- Stripe: Stripe Connect offers multi-party payment splits and embedded financial services for marketplaces and platforms. Directly competes with Mangopay's wallet-first, multi-currency platform infrastructure across overlapping customer segments including marketplaces, SaaS, and on-demand platforms.
- Checkout.com: Checkout.com provides global payment processing with strong marketplace and platform optimization features. Direct competition in the platform/marketplace vertical with overlapping payment acceptance, FX, and multi-currency capabilities.
- Marqeta: Marqeta provides card issuing and payment infrastructure for modern platforms, including BNPL providers. Comparable in its platform-first, API-driven architecture and focus on enabling embedded financial experiences for digital-first businesses.
- Trust Payments: Trust Payments offers multi-acquirer payment orchestration and gateway services with strong European market presence. Comparable as a payment infrastructure provider serving marketplaces, platforms, and merchants across multiple geographies and payment methods.
- Payoneer: Payoneer provides cross-border payment solutions and multi-currency accounts for marketplaces, freelancers, and SMBs. Overlaps with Mangopay's on-demand, freelance, and marketplace segments, with similar virtual IBAN and cross-border payout infrastructure.
- Modulr: Modulr is a UK-based payments-as-a-service provider offering embedded account, payment, and payout infrastructure via API. Comparable as a European EMI-licensed payments infrastructure provider enabling platforms to embed payment flows.
Broad incumbents
- Adyen: Adyen is a global payments platform serving enterprise merchants with unified commerce, processing, and acquiring capabilities. Competes with Mangopay for large platform payment processing volume, though Adyen's portfolio is broader and not specialized in marketplace wallet architecture.
- Worldpay: Worldpay is a large global payment processor and acquirer serving enterprise merchants including marketplaces. Competes for payment processing volume but as a broad incumbent rather than a specialist in wallet-first marketplace architecture.
Emerging players
- Circle: Circle provides USDC stablecoin infrastructure and fiat-crypto payment rails. Comparable as a crypto-fiat infrastructure provider serving crypto platforms, an area where Mangopay competes with fiat on/off-ramp services.
- PayDo: PayDo offers multi-currency IBANs, payment processing, and merchant accounts with European licensing. Comparable as an emerging payment infrastructure provider targeting platforms, marketplaces, and high-risk merchants with similar multi-currency and IBAN capabilities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Mangopay social profiles
Digital presenceMangopay compliance and trust
Trust signalCompliance8 records
Mangopay financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mangopay leadership team
Management profileNumber of profiles
Profiles14 records
Mangopay subsidiaries and ownership
Company hierarchySubsidiaries2 records
Mangopay funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mangopay M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mangopay
What does Mangopay do?
Mangopay provides wallet-first payment infrastructure for platforms and marketplaces, enabling multi-party payment flows through programmable e-wallets, FX and currency conversion, virtual IBANs, payment acceptance across 30+ methods, global payouts, identity verification, and AI-powered fraud prevention. The infrastructure is sold as a regulated, API-first platform with EMI licensing from Luxembourg's CSSF, designed for B2B platform operators rather than end consumers.
Is Mangopay a public or private company?
Mangopay is a private company. It is classified as private equity controlled and is currently operating.
When was Mangopay founded?
Mangopay was founded in 2013. It employs 251 to 500 people.
Where is Mangopay based?
Mangopay is headquartered in Luxembourg, Luxembourg, in the Europe region.
How does Mangopay make money?
Four revenue lines are on record. Payment Processing Fees are the primary driver. The others are FX Margins and Currency Conversion, wallet and Infrastructure Fees and fraud Prevention and Identity Services.
Who are Mangopay's main competitors?
Direct peers on record are Stripe, Checkout.com, Marqeta, Trust Payments, Payoneer and Modulr. Broad incumbents are Adyen and Worldpay. Emerging players are Circle and PayDo.
Does Mangopay have an API?
Yes. Mangopay offers a public-facing API that provides programmatic access to its payment infrastructure. The API supports flexible payment flows, wallet creation and management, FX operations, identity verification, and fraud prevention. Developers can build custom payment experiences, automate money movements, and integrate via pre-built libraries or direct API calls. The platform is described as 'API-first' with modular APIs allowing customization of every part of the payment flow. Documentation is available at docs.mangopay.com with options for both hosted integration and API-based integration. Developer documentation is at docs.mangopay.com/home.
What industry is Mangopay in?
Mangopay's product category is Payment Infrastructure. Its primary akta.pro industry code is FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services, with a secondary code of BPAMAFAC, Digital Wallet Platforms (Consumer & Merchant). Its NAICS code is 522320 and its SIC code is 6199.