MangoPay Update. Has Now Processed Over €200 Million

Celine LazorthesMangoPay, a payment platform that has focused on the crowdfunding and marketplace sector of finance, has shared a brief update on their progress. According to the company, Mangopay now has hit the following numbers:

  • Over €200 million in payments processed
  • 900 clients and rising
  • 50 + employees

The young Fintech firm was acquired by French bank Credit Mutuel Arkéa last year representing a significant win for the French tech startup sector.  MangoPay was founded by Céline Lazorthes who launched the payment solution while seeking a solution for her platform Leetchi. She discovered the current market offerings fell short of her needs so she created her own and thus crafting a market success.

Speaking with Crowdfund Insider, Lazorthes commented on the acquisition late last year;

“I never expected to sell the company so early. It was a great opportunity. It was years we have been working with Credit Mutuel,  we know them very well … They made a very big offer.  It does not happen so often.”

 

 

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