Mirakl and Mangopay Announce Strategic Partnership to Accelerate Growth of European Marketplaces with Mirakl Payout
New collaboration enhances marketplace funds management
November 12, 2024; Paris, France: 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.
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.
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.”
About Mirakl
Mirakl is the global leader in platform business innovation. Mirakl's suite of solutions provides enterprises with a transformative way to drive significant growth and efficiency in their online business. Since 2012, Mirakl has been pioneering the platform economy, empowering retail and b2b enterprises with the most advanced, secure and scalable technology to digitise and expand product assortment through marketplace and dropship, improve efficiency in supplier catalogue management and payments, personalised shopping experiences, and boost profits through retail media. Mirakl is trusted by 450+ industry-leading businesses worldwide including Macy’s, Kroger, Airbus Helicopters, Carrefour, La Redoute, and Maison du Monde.
About Mangopay
Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has over 250 million end users of its services and has processed over €100bn in transactions since its inception. Mangopay was named among CNBC’s World’s Top Fintechs in July 2024 and its Fraud Prevention solution won a Fintech Breakthrough Award in March 2024. www.mangopay.com
Contacts
Louise Melis - Association Corporate Communications & Impact Manager, Mirakl