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MANGOPAY PROCESSES MORE THAN €200 MILLION OF PAYMENTS ACROSS THE ‘SHARING ECONOMY’

Published by Gbaf News

Posted on June 20, 2015

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MANGOPAY leads the way on handling payments for crowdfunding platforms and online marketplaces

MANGOPAY, a white label payment solution for marketplaces and crowdfunding platforms announced it has handled €200 million per year worth of payments for 500 businesses across Europe. The success of the company comes just six months since the company opened a new office in London. MANGOPAY now boasts 50 British based clients, including, Crowd2fund, Banktothefuture, Liftshare, Farmdrop, Propertymoose, InvestUp and Sponsorise.me.

Founded by the leading social payments service, leetchi.com, MANGOPAY has bridged the gap between sharing economy services such as Vestiare Collective, Vinted, Ulule, Depop, Rentezvous, SplytApp and contemporary fintech payment solutions. Since it was formed in 2013, MANGOPAY has already helped businesses across 21 European countries to accept and distribute payments.

A recent study from PwC in November 2014 predicts the international sharing economy market will be worth $335 billion by 2025. At the same time Statista measured over €4.5 billion raised on crowdfunding platforms in Europe between 2012 and 2014.

Céline Lazorthes, founder and president of the MANGOPAY says: “It is an amazing achievement for MANGOPAY to have handled such a high value of payments in less than two years. After realising the potential to support sharing economy businesses, MANGOPAY will continue to innovate and develop to meet the needs of this growing sector.

“Our target is to be handling over €1 billion within the next two years. We hope that entrepreneurs with desires of launching their own sharing economy business, crowdfunding platform or marketplace can pursue their dreams with the support of MANGOPAY.”