Factoryz signs payment partnership with Mangopay

By Gloria Methri

Factoryz, a circular economy platform that allows businesses to resell materials and equipment, has selected Mangopay to power its payments – starting with its sustainability efforts around the global sporting events held in Paris this summer.

The Factoryz platform enables clients to sell unused or nearly new products to other businesses and private customers, helping them comply with sustainability regulations and create revenue streams from surplus goods. For the first time, Mangopay’s embedded end-to-end payments flow will provide Factoryz clients with a seamless and secure payment experience directly within the platform.

Factoryz already works with renowned companies such as Naval Group, SNCF, ID Logistics and multiple other large groups. Factoryz was chosen to organise the reuse of materials and equipment, which will become available at the end of the global sporting events held in France this summer.

Mangopay, a flexible and modular payment solution for platforms, already has an established footprint in supporting circular economy platforms with clients like Vinted, Wallapop and Leboncoin. The company has processed more than €100 billion in transactions and has more than 250 million end users of its solutions. Mangopay solutions enable platforms to build personalised and automated payment journeys, thereby facilitating revenue growth, improving the customer experience and helping to prevent fraud.

Eric Launois, DG at Factoryz, said, “We are extremely proud of our association with Mangopay, which, like us, has an established presence in France. Our managed processes and platforms enable large organisations to meet their sustainability goals, and Mangopay’s solutions enable smooth transactions within a trusted environment for all stakeholders.”

Tristan Torres-Velat, VP of Global Sales at Mangopay, said, “Sustainability is an increasingly critical part of business strategy for modern organisations. Our payment solutions play a vital role in the circular economy, and this partnership with Factoryz is another example. With Mangopay’s integrated payments infrastructure, Factoryz customers will benefit from an optimised user experience.”