Mangopay acquires PayTech WhenThen to boost pay-in capabilities
By Gloria Methri
Mangopay, the platform-specific payment infrastructure provider has acquired Dublin-based PayTech WhenThen, which powers payment acceptance and automates payment operations for online businesses worldwide.
With WhenThen’s technology and global connectivity, Mangopay seeks to scale its payment offering and unlock significant value for its existing platform customers.
In a single integration, the two firms’ combined technologies will give Mangopay customers a powerful payment orchestration, increased local checkout conversion rates, a native cloud PCI DSS Level 1 certified card vault, and a central Payment Insights and Operations dashboard.
Romain Mazeries, CEO, Mangopay, said, “Acquiring WhenThen enables Mangopay to rapidly accelerate its payment capabilities whilst providing one of the best payment experiences in the market. It represents a strategic asset for our growth plans, following the acquisition of Nethone in 2022 that strengthened our fraud capabilities. We are committed to serving our loyal customers, such as LeBonCoin, Chrono24, Wallapop, and many others, with enhanced features, and modular technologies that best meet their needs.”
“We are extremely excited to embark on Mangopay’s journey and become the next global payment leader for platforms,” added Kirk Donohoe, former co-founder & CEO of WhenThen, now Chief Product Officer of Mangopay. “Platform-based businesses, big and small, seek flexibility in how they build and operate their payment stack as they strive to meet their growth and revenue targets. They have had to adopt a one-size-fits-all payments system approach for too long. We want to give them more control, flexibility, and scalability.”
WhenThen’s entire team and products have now merged with Mangopay and will operate under the Mangopay brand.
Joining as CPO, WhenThen co-founder Kirk Donohoe becomes the latest addition to Mangopay’s Executive Committee, which has seen the arrival of several new senior payment and marketplace executives over the past year, including CTO Ronen Benchetrit, CRO Luke Trayfoot, General Counsel Olympe Leflambe, CFO Carlos Sanchez Arruti, and Nethone CEO Hubert Rachwalski.
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