Provides a modular payment infrastructure that enables platforms to manage e-wallets, process payments, execute global payouts, and perform identity verification through customizable APIs. It reduces fraud risk with AI-powered detection, streamlines cross-border transactions with multi-currency support, and ensures compliance with KYC/AML regulations, serving industries like marketplaces, finance, and travel.
Funding
$10.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
3INNCPAFounders
Product
Problem
Platforms often face challenges in managing complex payment flows, including e-wallets, global payouts, and identity verification, leading to operational inefficiencies and increased fraud risks. Existing solutions may lack the modularity and flexibility required to adapt to specific business needs and regulatory requirements.
Solution
Mangopay provides a modular payment infrastructure that enables platforms to manage e-wallets, process payments, execute global payouts, and perform identity verification through customizable APIs. The platform offers a suite of products including e-wallets, payments, payout, identity verification, fraud prevention, and FX solutions, which can be selected and connected as needed. Mangopay reduces fraud risk with AI-powered detection, streamlines cross-border transactions with multi-currency support, and ensures compliance with KYC/AML regulations. The platform's modular design and prebuilt integrations facilitate faster time to market and easy integration with existing systems.
Target Audience
Mangopay primarily serves product marketplaces, on-demand service platforms, financial platforms, and travel and hospitality platforms that require flexible and secure payment solutions.
Features
- E-wallet infrastructure for collecting, moving, splitting, and reconciling funds
- Payment processing with dynamic card, bank, and alternative payment flows
- Global payout capabilities with local settlement in multiple currencies
- Identity verification for individuals and businesses across 190+ countries
- AI-powered fraud prevention analyzing user behavior and device information
- FX infrastructure for cross-border money movement and multi-currency payments
- REST API and SDKs for easy integration
- Customizable rules engine for fraud detection