Mangopay partners with Mondu for B2B BNPL
By Gloria Methri
B2B payments firm Mondu has collaborated with Mangopay, a modular and flexible payment infrastructure provider for marketplaces and platforms. Through the partnership, the two companies will offer marketplaces across Europe a payment infrastructure that can be tailored to meet their needs, with popular B2B payment methods and flexible payment terms.
Mondu first launched in 2021 in Germany with a Buy Now, Pay Later (BNPL) B2B solution for merchants and marketplaces. It has since expanded to Austria, the Netherlands, and the UK, and is available to buyers in Belgium and France. Its flexible payment solutions include net terms, instalments, and digital trade accounts for online checkouts as well as in-person and telesales.
Founded in 2013, Mangopay supports multiple business models in the platform economy with its modular payment infrastructure. The company has supported over 2,500 platforms and marketplaces through its programmable e-wallet solution and end-to-end payment infrastructure, which covers everything from pay-in to payout.
The collaboration between Mangopay and Mondu aims to empower B2B marketplaces with robust tools and a choice of payment methods to manage their payment flows with more flexibility, including those looking to introduce a BNPL service to their B2B customers.
Luke Trayfoot, Chief Revenue Officer at Mangopay, said, “At Mangopay, we are committed to finding new and innovative ways to help our platform customers create and operate payment infrastructures that will help their businesses scale. Partners like Mondu are an important part of our strategy, and collaborations like this further strengthen our proposition for B2B marketplaces and platforms. We are delighted to form this new partnership with Mondu to offer B2B marketplaces more flexibility and easy access to popular payment methods such as buy now, pay later.”
Malte Huffmann, Co-Founder and co-CEO of Mondu added, “Mondu and Mangopay are completely aligned in our vision to simplify the payment process for marketplaces and empower the end customer to purchase and pay how and when they want. Payments play a key role in creating a seamless customer experience, and it’s through this that B2B marketplaces can grow sales volume through improved conversion rates and higher order values, helping to drive business growth. Mangopay provides a fantastic infrastructure service to its clients, and we are excited to partner with them.”
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