Mondu and Mangopay: An Innovative B2B Payment Partnership
In a dynamic alliance aimed at revolutionising B2B marketplace payments, Mondu and Mangopay have forged a partnership that promises to reshape the payment landscape for businesses across Europe. Focusing on providing tailored modular payment solutions, this collaboration seeks to empower B2B marketplaces with the flexibility and innovation they need to thrive in a rapidly evolving digital economy.
Mondu, a rising star in the B2B payments sector, burst onto the scene in 2021 with its Buy Now, Pay Later (BNPL) B2B solution. Initially launched in Germany, Mondu swiftly expanded its footprint to include Austria, the Netherlands, and the UK, serving buyers not only in these countries but also in Belgium and France. Offering a suite of flexible payment solutions, including net terms, instalments, and digital trade accounts for online and offline transactions, Mondu quickly gained recognition for its customer-centric approach.
Mangopay, a modular payment infrastructure provider founded in 2013, is on the other side of this transformative partnership. With a track record of supporting over 2,500 platforms and marketplaces, Mangopay has established itself as a formidable player in the platform economy. Its programmable e-wallet solution and comprehensive end-to-end payment infrastructure cover everything from pay-in to payout, providing clients with the tools they need to navigate the ever-changing payment landscape.
A Synergistic Vision
The driving force behind the Mondu and Mangopay collaboration is a shared vision to bolster the burgeoning B2B marketplace industry. Over the years, this sector has witnessed exponential growth, with reports suggesting an astonishing 8.6-fold increase since 2015. Recognising payment experiences’ pivotal role in business growth, this partnership aims to provide European marketplaces with a modular payment infrastructure that seamlessly integrates popular B2B payment methods and flexible payment terms.
Empowering B2B Marketplaces
The Mondu and Mangopay partnership is set to empower B2B marketplaces with the robust tools they need to manage payment flows efficiently. This includes introducing the highly sought-after BNPL services to B2B customers, a move poised to significantly impact sales volumes, conversion rates, and order values.
Luke Trayfoot, Chief Revenue Officer at Mangopay, highlighted the strategic importance of such collaborations, emphasising the commitment to finding innovative ways to support platform customers. Trayfoot stated, “Partners such as Mondu are an important part of our strategy, and collaborations like this further strengthen our proposition for B2B marketplaces and platforms.”
Malte Huffmann, Co-Founder and co-CEO of Mondu echoed this sentiment, underlining their shared vision to simplify the payment process and empower end customers. He noted that seamless payment experiences drive higher conversion rates and order values, ultimately spurring business growth.
A Bright Future for B2B Marketplaces
As the B2B marketplace industry continues to evolve and expand, the Mondu and Mangopay partnership offers a glimpse into a promising future. By combining Mondu’s flexible payment options with Mangopay’s robust payment infrastructure, B2B marketplaces across Europe are poised for a transformation that will enhance their ability to navigate the challenges of the digital era.
In a world where payment solutions can make or break a business, Mondu and Mangopay stand at the forefront of innovation, ready to empower B2B marketplaces to thrive in the ever-changing landscape of commerce.
