Mangopay, the renowned platform-specific payment infrastructure provider, and Spryker, the leading composable commerce platform for advanced B2B Commerce, Enterprise Marketplaces, and Thing Commerce use cases, have declared their strategic alliance.
The collaboration seeks to empower businesses in constructing flawless marketplaces — encapsulating everything from seller onboarding to the crucial payment processing. The partnership is a testament to the mutual commitment of both companies in enhancing the platform industries using their unique capabilities and strengths.
Spryker offers a high-calibre composable commerce platform catering to B2B Commerce, Enterprise Marketplaces, and Thing Commerce with a focus on intricate use scenarios. On the other hand, Mangopay equips the platform economy with its adaptable payment infrastructure. Since its inception in 2013, Mangopay has extended its support to over 2,500 platforms and marketplaces. Its comprehensive infrastructure, which orbits around its programmable e-wallet solution, addresses all payment needs of platforms from pay-in to pay-out.
In the backdrop of the dynamic platform environment, businesses incessantly look for versatile, secure, and seasoned tech allies to secure future payments and elevate customer experience. This alliance, commencing officially in September 2023, aims to redefine online marketplace ecosystems. It offers a comprehensive solution tackling the primary hurdles businesses encounter. Both Spryker and Mangopay share the ethos of championing innovation and placing their customers on a pedestal. The combined endeavour is to bestow unparalleled value to their clientele.
The marketplace sector is poised to expand, projected to touch the monumental $8.7tn mark by 2025. Within this vast domain, payment experience is crystallising as a pivotal differentiator. Mangopay’s alignment with Spryker underscores its ambition to lead progressive shifts in the FinTech domain. The collaboration’s main goals orbit around delivering unmatched value to mutual customers. By amalgamating Spryker’s prime composable platform and Mangopay’s foolproof payment structure, the duo aims to enable businesses to forge effective, triumphant, and scalable online marketplaces.
Mangopay Chief Revenue Officer Luke Trayfoot said, “This alliance allows us to provide our customers with enhanced services in the platform industry. Merging the top-tier technology from both our companies paves the way for novel opportunities for online enterprises.”
Spryker SVP App Composition Platform Manishi Singh stated, “We are thrilled to collaborate with Mangopay to provide enterprises with a strong offering that enables them to build their marketplace faster. With Mangopay’s powerful payment structure and Spryker’s best-of-breed composability, customers will be able to efficiently build a seamless marketplace experience for both operators and end-users.”
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