New collaboration enhances marketplace funds management
Mirakl, the leading provider of eCommerce software solutions, has chosen Mangopay’s modular payment technology to power its Mirakl Payout solution in Europe.
Through this collaboration, Mirakl Payout integrates Mangopay’s e-wallet technology and know-your-business (KYB) capabilities, enhancing marketplace payouts.
Mirakl Payout streamlines payment operations for Mirakl customers, providing a fully automated, transparent solution for managing complex payment flows, including seller onboarding, KYC, payouts, refunds, transaction matching, and handling multiple pay-in sources. Mirakl Payout ensures a seamless financial experience, giving marketplace operators control and visibility over every transaction.
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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, facilitating business growth, enhancing user experiences, and preventing fraud.
By leveraging Mangopay’s technology, Mirakl Payout simplifies seller onboarding and KYB, accelerates seller payments, and adheres to regulatory requirements. This streamlined approach enables operators and sellers to collaborate more easily and efficiently, driving accelerated growth and unlocking new revenue opportunities.
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Sophie Zellmeyer, Director of Mirakl Payout and Global Payment Partnerships, said: “Mangopay is a trusted partner of Mirakl, already supporting several of our leading marketplaces across Europe. With its innovative e-wallet infrastructure and strong compliance capabilities, Mangopay is an ideal partner for Mirakl Payout in Europe. Together, we streamline payouts, enabling platforms to increase volume and scale more efficiently.”
Mark Fleming, Chief Commercial Officer at Mangopay, said: “Mangopay and Mirakl have enjoyed a successful partnership for over a decade, and we are thrilled to enhance our collaboration. Together, we support the growth of the marketplace sector through innovation and dedicated solutions for platforms and their users. As the sector prospers, more digital commerce brands aim to unlock the potential of the marketplace model. We are excited to partner with Mirakl to provide a seamless experience for sellers and fuel the platform economy’s growth.”
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