Paris/London, 7 September 2023

‍Mangopay, a platform-specific payment infrastructure provider formally announces a strategic partnership with Kriya, a fintech platform offering seamless access to B2B payments and credit, with instant decision-making. This cooperation will allow all Mangopay B2B marketplaces to easily build a dynamic payment experience that removes friction and keeps business flowing brilliantly.

As the B2B marketplace industry continues to grow, the payment experience remains a key differentiator. In collaboration with Kriya, Mangopay reinforces its commitment to leading innovations in the fintech sector. Kriya's commitment to facilitating seamless access to B2B payment and credit options resonates with Mangopay's drive of providing a streamlined, state-of-the-art payment infrastructure. Business customers will benefit from a checkout experience with their preferred payment methods and flexible terms, all while platforms enjoy upfront payment with zero risk. Enhancing Mangopay's payout capabilities with a key credit checkout solution is a significant step in driving global growth for marketplaces.

Effective from 7th September, this partnership is poised to deliver a comprehensive proposition, adept at managing the multifaceted payment flows intrinsic to B2B operations. This includes, but is not limited to, immediate payment options, deferred payment collections, efficient disbursement of funds to vendors, and the meticulous handling of marketplace operator commissions. With Kriya, business buyers can purchase goods and PayLater for up to 90 days. At the same time, sellers receive payment upon the shipment of goods, making Kriya payment method a beneficial tool for the cash flow management of both sellers and business buyers. 

Mangopay, in its strategic alignment with Kriya, reaffirms its dedication to pioneering advancements in the fintech sector, says Luke Trayfoot, Chief Revenue Officer at Mangopay. ”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.”

“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”, states Anil Stocker, CEO & co-founder of Kriya. "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.”.

About Mangopay

Mangopay empowers the platform economy with its modular payment infrastructure. Created in 2013, Mangopay has supported 2,500+ platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in to payout, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms.
More information on Mangopay

About Kriya

Kriya is a leading  fintech platform that keeps business flowing brilliantly by providing frictionless access to B2B payments and credit through seamless integrations and instant credit decisions.

Founded in 2011 and now operating in the UK, Ireland, Spain, the Netherlands and Belgium, Kriya has helped businesses collect over £26 billion in B2B payments, and advanced over £3.4 billion worth of credit to suppliers and buyers.

Kriya has a wide-reaching network of strategic distribution partners including Barclays Bank, and is backed by a prestigious array of equity investors including Northzone, Barclays Bank and Mouro Capital (owned by Santander Bank).