Mangopay

Mangopay operates as a B2B payments infrastructure and embedded finance provider for platforms. It supplies a modular stack including programmable e‑wallets, payment acceptance, global payouts, FX, identity verification and fraud prevention via APIs and hosted flows. This enables marketplaces and platform businesses to outsource regulated e‑money custody, multi‑party payment workflows, and cross‑border treasury operations while integrating them into their own user experiences.

Value is created by reducing the need for platforms to build and maintain their own regulated payments and treasury infrastructure, accelerating time to market and simplifying compliance (KYC/KYB, fund segregation, AML). The company captures value primarily through transaction‑linked fees and financial margins (e.g., FX), with bespoke commercial agreements for larger enterprise platforms. Ancillary professional services and support further reinforce customer integration and retention.

Mangopay S.A. is a Luxembourg-based payments infrastructure provider focused on marketplaces and multi‑party platforms. It offers an API‑driven wallet, pay‑in, payout, FX, identity verification and fraud prevention stack that lets platforms orchestrate complex money flows, hold funds in segregated e‑money accounts and manage global, multi‑currency operations. The company has expanded capabilities through acquisition of an AI fraud detection firm.

Mangopay generates revenue from usage‑based fees on payment processing, wallet operations, payouts and related services, with tiered pricing based on transaction volume, plus FX margins and ancillary account and service fees. Its direct customers are B2B platform operators, such as marketplaces, B2B platforms, fintechs and large online platforms that need embedded, compliant payment and treasury infrastructure, rather than individual consumers or merchants directly.