MANGOPAY, the platform-specific payment infrastructure provider, today announces figures showing another strong year with more than 35% of growth

IN BRIEF:

-  MANGOPAY ends 2022 with transaction value totalling over €11.3 billion

- In April, MANGOPAY announced that Advent International was now the majority shareholder of the company. This was a major milestone supporting MANGOPAY’s ambition to become the leading global payment infrastructure for platforms and marketplaces. As part of this investment, Advent brought 75 million euros of primary capital to drive MANGOPAY’s growth.

- In November, MANGOPAY announced the acquisition of AI fraud detection and prevention company Nethone to develop and offer anti-fraud solutions specifically designed for marketplaces, opening a new era for platform about fraud detection and prevention.

What does this mean?

Romain Mazeries, CEO commented, “this has been a transformational year for the company. Our strong growth is proof that our strategy and product excellence is resonating with platforms and marketplace needs. A strategy that Advent International has embraced and accelerated to become a global leader in the payment industry. Under Advent’s ownership, we have boosted our C-suite expertise and made our first acquisition, which has put us on a path for great success.”