Key Takeaways:
- Mondu collaborates with Mangopay to provide flexible payment infrastructure and terms to B2B marketplaces.
- The partnership aims to offer tailored payment solutions, including popular B2B methods and BNPL services.
- Both companies focus on simplifying the payment process, aiming to boost sales volume, conversion rates, and business growth.
Introduction: In a strategic move set to reshape the B2B marketplace landscape, Mondu, a rapidly growing B2B payments company, has announced its new collaboration with Mangopay, a leader in modular payment infrastructure. This partnership is poised to offer European marketplaces a dynamic and customized payment infrastructure, integrating flexible payment methods and terms.
Mondu’s Market Impact: Since its launch in 2021 in Germany, Mondu has marked its presence in the B2B payments arena with innovative solutions like Buy Now, Pay Later (BNPL) for merchants and marketplaces. Expanding its reach to Austria, the Netherlands, the UK, and buyers in Belgium and France, Mondu’s flexible payment solutions are revolutionizing the checkout experience both online and offline.
Mangopay’s Technological Edge: Mangopay, established in 2013, has been at the forefront of supporting diverse business models with its modular payment infrastructure. The company’s prowess in programmable e-wallet solutions and comprehensive payment infrastructure has benefitted over 2,500 platforms and marketplaces.
The Growth of B2B Marketplaces: With market reports indicating a staggering 8.6 times growth in the B2B marketplace industry since 2015, the role of efficient payment experiences has never been more critical. The collaboration between Mangopay and Mondu is set to empower B2B marketplaces with robust tools and a variety of payment methods, including the increasingly popular BNPL service.
A Partnership for Flexibility and Growth: Luke Trayfoot, Chief Revenue Officer at Mangopay, emphasizes the importance of innovative partnerships in scaling businesses. “Collaborations like this further strengthen our proposition for B2B marketplaces and platforms,” he notes, highlighting the synergy between Mangopay and Mondu in offering greater payment flexibility to marketplaces.
Empowering B2B Customers: Malte Huffmann, Co-Founder and Co-CEO of Mondu, reflects on the shared vision of simplifying payments for marketplaces. “Payments play a key role in creating a seamless customer experience,” he says, underlining the potential of this partnership to enhance sales volume, conversion rates, and overall business growth for B2B marketplaces.
Conclusion: The collaboration between Mondu and Mangopay represents a significant step forward in enhancing the payment landscape for B2B marketplaces in Europe. By integrating flexible, efficient payment solutions, this partnership aims to streamline the purchasing process, offering an edge in a rapidly evolving market.
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