Mangopay, a renowned payment infrastructure provider, and Storfund, a FinTech innovator, have recently joined forces.
The collaboration’s primary goal is to revolutionize cash flow for marketplace sellers by offering them same-day payments for sales. This groundbreaking initiative aims to eliminate the typical 10 to 30-day wait for payment, enabling businesses to scale more efficiently.
Delving deeper into what each company offers, Mangopay has been a game-changer in providing customized payment infrastructure to various marketplaces since its inception. Its modular approach allows marketplaces to select and tailor specific payment solutions to suit their needs. Storfund, with its global expansion into over 30 countries, focuses on increasing sellers’ cash flow, an essential aspect during high-demand periods like the year’s final quarter.
The partnership is set to have a significant impact on the marketplace industry. It offers Mangopay customers a solution to alleviate delays in receiving payments, thus empowering sellers with greater business flexibility and the ability to restock regularly. This collaboration not only supports sellers in scaling their businesses but also contributes to the overall growth of marketplaces and the platform economy.
Storfund Founder and CEO, George Brintalos, said, “Storfund and Mangopay are two companies which are driving new innovations that are helping to fuel the growth of the platform economy, whether that’s sellers who are looking to scale their business, or the marketplaces themselves. Here at Storfund we have a mantra of ‘win-win ecommerce’ – by supporting the growth of the marketplace seller, we can also support the growth of marketplaces. We are excited to open up these growth opportunities to more marketplaces through our new partnership with Mangopay.”
Mangopay CEO, Romain Mazeries, said, “At Mangopay we have a relentless focus on innovating on behalf of our customers – whether that’s new cross-border payment capabilities, sophisticated fraud prevention technology or partner integrations available through our modular approach that bring opportunities to drive business growth.
“By introducing immediate payments and an answer to cash flow challenges, Storfund is the latest partner solution in our ecosystem that has the ability to help our marketplace clients and their seller businesses to scale.”
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