back Back

GiftRound selects Mangopay to process all payment flows

By Gloria Methri

April 18, 2023

  • e-Wallet
  • FinTech
  • FinTech Crowdfunding Platform

Mangopay, Ireland, GiftRound, UK, FinTech, Payment Infrastructure Provider, Payment Flow, E-Wallet, KYC, Fraud Prevention, Group Gift CollectionGiftRound is strengthening its partnership with Mangopay, tapping into its modular payment infrastructure capabilities to offer a seamless payment experience to users.

Founded in 2018, GiftRound is a specialist platform for group gift collections. Since partnering with Mangopay at the point of inception, it has processed over £10.5 million via more than 75,000 money pots.

Managing payment flows is at the core of GiftRound’s offering. With more than 800,00 users and 125 GiftRounds created daily, the company needed a robust payment provider with expertise in crowdfunding to process complex payment flows.

With Mangopay’s API, GiftRound can ensure the security of money collection, fraud prevention, and anti-money laundering. Mangopay also provides KYC processes alongside secure and diverse payment methods.

GiftRound will also utilise Mangopay’s e-wallet modular technology, adding a further layer of protection and security ahead of the dispersing of funds to the end receiver. This functionality will provide flexible and scalable pay-in and pay-out capabilities which are critical for the platform.

Craig Forsythe, CEO & Founder, GiftRound said, “It is key for us to work with a trusted partner, and we know that crowdfunding payment flows are part of Mangopay’s DNA. Mangopay will enable us to process multiple payments flows daily in the safest way possible and we look forward to continuing to grow a reliable, secure service with our trusted partner.”

Luke Trayfoot, Chief Revenue Officer, Mangopay said, “Our modular and flexible payment infrastructure is a necessary asset for platforms, especially as they look to further improve their payment operations, user experience, and scalability. We are proud to support GiftRound on its payment journey and help its customers organise gift collections quickly and easily. The UK represents a key growth market for Mangopay and having national partners such as GiftRound is fundamental for our expansion in the market.”

With this expanded partnership, GiftRound plans to launch in Ireland, using Mangopay’s payment capabilities to offer a cutting-edge payment experience to its customers.

Previous Article

April 18, 2023

Purpl and Remitly unite to bring affordable remittances to Lebanon

Read More
Next Article

April 18, 2023

LegalPay launches super-senior bonds for HNIs worth ₹50c

Read More

IBSi Daily News Analysis

digital wallets

March 01, 2024


Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 01, 2024

Hecto Financial eases cross-border transactions with new solution

Read More

March 01, 2024

Marqeta & AffiniPay team to launch SMB credit card solution

Read More

March 01, 2024

AsiaVerify & Visa to bolster digital payments and banking in APAC

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023