MANGOPAY, a European payment solution provider, has named Ronen Benchetrit as its new chief technology officer, following the acquisition by Advent International.
Benchetrit will head the next scale-up phase of MANGOPAY’s technology. MANGOPAY stated this hire is a step in its direction to become the most comprehensive payment ecosystem dedicated to platform businesses.
In this role, he plans to double the team in the next 24 months and will support MANGOPAY’s business growth.
Bringing three decades of experience, Benchetrit has worked across various industries leading product engineering and cloud teams globally at scale-up companies.
Prior to MANGOPAY, Benchetrit served as the CTO of online dating and networking app Bumble. He has also served as the CTO for UK challenger bank and P2P lender Zopa and the CTO for online gaming operator PokerStars.
Benchetrit said, “The platform economy is booming. Platforms have become an essential driver for e-commerce growth, as it brings so many benefits for both buyers and sellers. Mastering payments at scale in this field is complex yet key to all platforms. Compounded with the business growth, this creates an exciting tech journey for our tech team, and I’m thrilled to join MANGOPAY at such a key moment in its evolution.
“MANGOPAY’s potential is unrivalled and I am excited by the opportunity to build a best-in-class payment ecosystem and deliver even more value to our customers.”
Founded in 2013, MANGOPAY serves over 2,500 marketplaces and companies through its programmable escrow and ledger solution. It claims the end-to-end solution covers all platform payment needs. Its features include, various payment method support, e-wallets, automated KYC checks, fraud prevention and more.
Earlier in the year, global private equity firm Avent International acquired MANGOPAY for an undisclosed amount. Alongside its acquisition, the firm injected €75m of primary capital to support the growth of the business. It is focused on bolstering international, vertical and product expansion.
In other people news, RegTech company Muinmos recently named Agnieszka Noworól as its new customer success director. Noworól will help Muinmos evolve its processes around onboarding new clients.
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