- The Canadian company Katipult launches its white-labelled crowdfunding software in the UK.
- It partners with the payment company MANGOPAY in order to bring a comprehensive and compliant crowdfunding solution to the UK market.
LONDON, March 31, 2016 /PRNewswire/ -- Katipult is pleased to announce its partnership with MANGOPAY to bring a disruptive crowdfunding solution to the UK market. As investment and property crowdfunding platforms are flourishing, the need to have a secure and flexible transaction environment is always higher. That's why Katipult created a powerful crowdfunding software which facilitates the entire investment process from marketing and distribution through to investor tax reporting.
Launching its solution in Europe, Katipult decided to partner with MANGOPAY to enable platforms to hold the funds in an escrow account in a totally secure and compliant way. Holder of an e-money issuer licence passported to all 31 EEA countries, MANGOPAY is a multi-currency payment solution which accepts debit and credit cards, bank transfers and Direct Debit.
Thanks to the partnership, MANGOPAY cements its very promising growth in Europe. MANGOPAY's API has become the must-have payment technology for crowdfunding platforms and marketplaces in Europe. Since it launched in 2013, its client base has skyrocketed: now 1,000 platforms use MANGOPAY's technology, including Property Moose, Go Get Funding and InvestUp, Vinted, Depop and Dawanda.
Brock Murray, CEO of Katipult, comments: "Katipult is ecstatic to offer MANGOPAY as a payment solution and further bolster its leading software product. This is a game-changing relationship for the UK Investment crowdfunding market. We're bringing a product to the UK market that benefits everyone from investors to issuers as well as regulators, by creating a high standard for industry confidence. We're acting as technology partners and building an ecosystem to help firms create portals to grow their investor networks and efficiently manage them."
Céline Lazorthes, CEO of MANGOPAY, explains: "As the regulatory environment evolves, crowdfunding needs agile and secure payment solutions. Crowdfunding platforms and marketplaces have identified us as a key player because we offer an easy-to-use payment solution which perfectly addresses their needs."
Katipult is a crowdfunding software solution for private placements, investment crowdfunding, investor management, and listings. Katipult allows companies to design, setup, and manage an investment crowdfunding platform across multiple distribution channels including web, mobile, and social media. Katipult is being used in over 20 unique regulatory environments to grow investor networks, efficiently manage investors, and streamline deal flow administration.
MANGOPAY is an end-to-end payment technology. It enables marketplaces, crowdfunding and collaborative consumption platforms to accept payments online, escrow funds and automate the pay-out. Clients can fully customise the solution in accordance with customer demands.
Today, over 1,000 European platforms use MANGOPAY's white-labelled API with more than 10 million people globally paying or investing via MANGOPAY's system.