Mangopay, a renowned platform-specific payment infrastructure provider, has formally announced a strategic partnership with Kriya, a FinTech platform specialised in seamless B2B payments and instant credit decisions. Together, they aim to redefine the B2B payment landscape, ensuring frictionless business operations.
The core of this partnership lies in addressing the evolving needs of the burgeoning B2B marketplace sector. Payment experiences have emerged as pivotal differentiators in this space. Mangopay’s collaboration with Kriya amplifies their commitment to leading the charge in FinTech innovation.
By amalgamating Mangopay’s advanced payment infrastructure with Kriya’s expertise in B2B payment and credit accessibility, they aim to offer a customised checkout experience. This ensures business clients can select their ideal payment method while platforms garner immediate payment, elevating transaction security.
This alliance promises a holistic solution adept at managing complex B2B payment flows. This not only encompasses immediate payment options but also includes deferred payments, efficient vendor fund disbursements, and precise management of marketplace commissions. With Kriya’s Pay Later solution, businesses can postpone payments for up to 90 days, whilst sellers are compensated upon product dispatch, optimising cash flow for both parties.
Mangopay Chief Revenue Officer Luke Trayfoot commented, “Mangopay, in its strategic alignment with Kriya, reaffirms its dedication to pioneering advancements in the FinTech sector. Kriya’s commitment to facilitating seamless access to B2B payments and credit resonates with Mangopay’s ethos of providing a streamlined, state-of-the-art payment infrastructure.”
Kriya CEO & co-founder Anil Stocker said, “B2B e-commerce is growing rapidly, with many marketplaces and merchants needing a new suite of payment and credit options to let their business flow. Our partnership with Mangopay, a leading player with extensive reach in B2B marketplaces, positions us to deliver a better customer experience to Mangopay’s merchants. This partnership is a great example of two leading FinTechs working together to better serve B2B marketplaces by offering them frictionless access to payment options.”
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global
