Mangopay recently announced the WhenThen purchase, a Dublin-based payments technology company. With this operation, the platform-specific payment infrastructure provider intends to reinforce payment acceptance and automation for online businesses around the world.
Leveraging WhenThen’s technology and global connectivity, Mangopay will rapidly expand its payments offering and deliver significant value to existing platform customers through multi-processor relationships and a higher level of automation.
Through this acquisition, Mangopay strengthens its product offering and incorporates new avenues of income through the comprehensive offering acquisitions of both WhenThen and Nethone.
A payments solution built around the platforms
In a single integration, Mangopay’s technology combined with WhenThen’s will provide platform customers with:
- A powerful payment instrumentationwhich will allow them to carry out intelligent payment routing to reduce costs, eliminate checkout barriers and increase conversion rates in all payment methods.
- Increase conversion rates of local checkouts and satisfy the expectations of your customers by being able to instantly add payment methods to your cash flows with simple clicks, through a self-service control panel.
- Store and access card data customers securely through a PCI DSS Level 1 certified cloud-native card store that not only tokenizes customer cards, but also allows the use of network tokens (Visa, Mastercard, AMEX) and an automatic card updater, which guarantees that the platforms always have the most recent data on their customers’ cards on file.
- Automate manual payment operationsthrough a central panel of payment and operations information to unlock hidden income by solving inefficiencies and payment problems such as disputes, refunds, rejections and failed transactions.
payment experiences
Romain Mazeries, CEO of Mangopay, comments: “As the platform economy grows, creating amazing payment experiences continues to be a key factor for our current and potential customers. The acquisition of WhenThen enables Mangopay to rapidly accelerate its payment capabilities, while delivering the best payment experiences on the market. It represents a strategic asset for our growth plans, after the acquisition of Nethone in 2022, which strengthened our fraud detection capabilities. We are committed to serving our established customers, such as Vinted, LeBonCoin, Chrono24, Wallapop, and many others, with the optimized features and modular technologies that best suit their needs.”.
“We are excited to embark on the Mangopay journey and become part of the next global leader in platform payments”adds Kirk Donohoe, former co-founder and CEO of WhenThen, now Chief Product Officer of Mangopay. “Platform-based businesses, both large and small, are looking for flexibility in how they build and operate their payments stack as they strive to meet their growth and revenue goals. For too long they have had to take a one-size-fits-all payment system approach. We want to give them more control, flexibility and scalability.”.
The entire WhenThen team, as well as its products, have been integrated into Mangopay and will operate under its brand. Kirk Donohoe, co-founder of WhenThen, joins Mangopay’s executive committee as Chief Product Officer, which has seen the arrival of several new senior payments and marketplaces executives in the past year, including CTO RonenCR Benchetrit (ex-Zopa, Bumble). , CRO Luke Trayfoot (ex-PayPal), General Counsel Olympe Leflambe (ex-Ebay), CFO Carlos Sánchez Arruti (ex-Amazon) and Nethone CEO Hubert Rachwalski.
Photo: Silicon
