Mangopay, a payments Fintech that holds a significant market share in the marketplace (crowdfunding) sector, has announced a partnership with Kriya, a B2B payments and credit provider.
Mangopay believes that by working with Kriya it can boost its relevance by providing credit at the point of payment or buy now pay later (BNPL) services.
By using Kriya, business buyers may purchase goods and Pay Later for up to 90 days. Merchants receive cash immediately will helps companies manage their working capital.
“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. He added that Kriya’s approach “resonates with Mangopay’s “ethos of providing a streamlined, state-of-the-art payment infrastructure.”
Anil Stocker, CEO & co-founder of Kriya, stated:
“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. 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.”
Kriya operates in the UK, Ireland, Spain, the Netherlands, and Belgium, having collected over £26 billion in B2B payments, and advanced over £3.4 billion worth of credit to suppliers and buyers.