Mangopay, part of the Paris based company Leetchi Group founded by entrepreneur Céline Lazorthes, has announced topping €200 million in payments. Mangopay offers a white label payments platform and has targeted the crowdfunding and online marketplace space. The company set up shop in the UK this past January and now claims over 50 UK based clients including; Crowd2fund, Banktothefuture, Liftshare, Farmdrop, Propertymoose, InvestUpand Sponsorise.me. Mangopay states it has over 500 clients across all of Europe today.
“It is an amazing achievement for Mangopay to have handled such a high value of payments in less than two years. After realising the potential to support sharing economy businesses, Mangopay will continue to innovate and develop to meet the needs of this growing sector.”
“Our target is to be handling over €1 billion within the next two years. We hope that entrepreneurs with desires of launching their own sharing economy business, crowdfunding platform or marketplace can pursue their dreams with the support of MANGOPAY.”
Since it was formed in 2013, MANGOPAY has helped businesses across 21 European countries to accept and distribute payments. Transactions may be processed in the following currencies : Euro, British pound, US dollar, Swiss franc, Polish zloty, Norwegian, Swedish and Danish krones.
The company has raised € 7 million since its founding and is backed by venture capitalists such as Kima Ventures (Xavier Niel), Idinvest and 360 Capital Partners.