The FinTech MANGOPAY Continues Its Skyrocketing Growth and Speeds Past 1,000 Clients

LONDON, April 4, 2016 /PRNewswire/ --

Launched in May 2013, the payment solution MANGOPAY keeps up with its high-growth development in Europe and now exceeds 1,000 clients. Therefore, over 10 million end-users use their white-labelled technology.

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The Leetchi Group started life as a crowdfunding platform. When they couldn't find a payment service that met their needs, they decided to build one in-house. The success of this development was such that the company spun their internal payment service off as a standalone product and created MANGOPAY in 2013.

MANGOPAY is a multi-currency payment solution which accepts debit and credit cards, bank transfers and Direct Debit. Holder of an e-money issuer (EMI) licence, passported to all 31 EEA countries, MANGOPAY can hold money in an escrow account and manage all the KYC validations, which make their clients compliant with the Revised Directive on Payment Services (PSD2).

MANGOPAY's API has become the must-have payment technology for the sharing economy, crowdfunding platforms and marketplaces. Famous websites such as Vinted, Depop, Vestiaire Collective, Ulule and Property Moose all trust MANGOPAY to support their business goals.

Céline Lazorthes, founder & CEO of MANGOPAY, states: "Crowdfunding platforms and marketplaces have identified us as a key player because we offer an easy-to-use and developer-friendly payment solution which perfectly addresses their needs. We are very confident about our exceptional growth potential."

Justas Janauskas, founder & CEO of Vinted explains: "It was brilliant to discover MANGOPAY. The versatility of their platform meant that it stood out for us. We have worked closely together on innovative marketing offers linked to their e-wallet system. Their payment solution is a real business tool."

About MANGOPAY 

MANGOPAY is an end-to-end payment technology.

It enables marketplaces, crowdfunding and collaborative consumption platforms to accept payments online, escrow funds and automate pay-outs. Clients can fully customise the solution to meet their business demands and answer their customers' needs.