B2B payments platform Sprinque announces a partnership with Mangopay, a modular and flexible payment infrastructure provider for marketplaces and platforms.
The collaboration enables merchants and marketplaces “to take advantage of holistic and customisable payments infrastructures and terms, allowing them to grow revenues by tapping into B2B cross-border opportunities.”
The partnership between Mangopay and Sprinque launched highlights “both companies’ commitment to driving payments innovation for B2B marketplaces.”
Established in Amsterdam in 2021, Sprinque is the B2B payments platform “that helps merchants and marketplaces expand globally by enabling frictionless purchasing with business customers.”
Sellers can conveniently service international buyers “by offering them the net payment terms flexibility they need to complete the transaction, while risk and fraud management and other financial operations are handled by Sprinque. Sprinque is headquartered in Amsterdam and has offices in Berlin and Madrid.”
Founded in 2013, Mangopay supports multiple business models in “the platform economy with its modular payment infrastructure.”
The company has supported over 2,500 platforms and marketplaces “through its programmable e-wallet solution and end-to-end payment infrastructure which covers everything from pay-in to payout.”
With market reports suggesting “that the B2B marketplace industry has grown by as much as 8.6 times since 2015, the payment experience continues to play a key role in the growth of businesses operating in the sector.”
The collaboration between Sprinque and Mangopay is “designed to empower B2B marketplaces with robust tools and a choice of payment methods to manage their payment flows with more flexibility, including those looking to introduce a buy now, pay later service to their B2B customers.”
Derrick Lynagh, Head of Sales, Partners, at Mangopay, said:
“Our aim is to power the payment infrastructure and operations of the world’s largest and most innovative marketplaces and platforms. We’re committed to finding new ways to help our platform customers create and operate payments infrastructures that will help their businesses to scale. Partners such as Sprinque are an important part of our strategy, and collaborations like this further strengthen our proposition for B2B marketplaces and platforms. We’re delighted to form this new partnership to offer B2B marketplaces the chance to meet the demand for a greater choice of payment methods.”
Mangopay empowers the platform economy “with its modular payment infrastructure. Created in 2013, Mangopay has supported 2,500+ platforms and marketplaces.”
Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, “from pay-in to payout, for many platform business models and workflows.”
Sprinque is a B2B payment platform that “enables merchants and marketplaces to trade seamlessly with business customers across Europe and beyond by inserting trust at first order.”
Sellers can conveniently service international buyers “by giving them the payment flexibility they need to complete the transaction while Sprinque handles risk management, financial operations, and dunning.”
This allows sellers to grow safely “across Europe and beyond in a digital world.”