MangoPay, 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.”