GiftRound selects Mangopay to process all payment flows
By Gloria Methri
GiftRound 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.
IBSi Daily News Analysis
March 01, 2024
Banking Sector and regulatory framework: addressing India’s growing demand for secure lockersRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage