Aria, a provider of deferred payment infrastructure for B2B marketplaces and platforms, selected Mangopay’s flexible wallet-based payment solution to optimize and automate its embedded finance product.
The collab builds on the partnership between the two companies, with the integration of Mangopay’s technology “powering Aria’s international growth with support for GBP and USD payment flows.”
Mangopay’s e-wallet infrastructure and virtual IBANs provide reconciliation efficiency for Aria, help “streamline payouts and refund management, and are designed to reduce the time processing of each transaction.”
Aria provides embedded invoice financing for B2B marketplaces and platforms, allowing sellers to “receive their funds immediately and buyers to defer payments.”
The solution reduces intermediation, “increases sales, and eliminates credit or payment risk for B2B marketplaces.”
Through its API-centric solution, Aria gives platforms the tools “to automate credit checking, supplier advances, and buyer reconciliations.”
With its flexible wallet infrastructure, Mangopay supports “multiple business models in the platform economy.”
The company’s wallet and payment infrastructure covers everything “from pay-ins to payouts, all secured by AI-driven fraud prevention.”
Platforms can also build engaged communities where users manage their money securely in one place, “creating new revenue opportunities through wallet-facilitated transactions.”
Clément Carrier, CEO and Co-founder at Aria, said:
“We are delighted to extend our relationship with Mangopay in a partnership that highlights synergies between our two companies to power the growth of the platform economy. With Mangopay’s support, we are able to accelerate our international growth with the addition of new currencies. This technical integration takes our collaboration to the next level and will help us drive efficiencies in processes and reconciliation, which ultimately will benefit our clients and their users.”
Alexis Ammar, Director of Strategic Sales at Mangopay, said:
“Aria and Mangopay have a long-standing relationship and this integration builds on a successful partnership between two companies focused on payments innovation. Embedded finance, particularly deferred payments, is increasingly important for platforms as buyers and sellers become accustomed to being able to pay and receive funds on terms that suit them. Aria is at the forefront of providing deferred payment solutions for B2B platforms, and we are delighted that this integration enables it to optimize and automate the management of its financial flows, save time, and reduce costs.”
As noted in the update, Aria provides B2B marketplaces and platforms with deferred payment infrastructure to offer suppliers payment in “24 hours and buyers up to 60 days to pay, reducing intermediation, increasing sales, and eliminating credit or payment risk for B2B Marketplaces.”
Through its API-centric solution, Aria gives platforms like Malt and Brigad the tools that are needed to “automate credit checking, supplier advances, and buyer reconciliations.”
Distinct from competitors, Aria facilitates a “customizable” customer experience, offering the possibility of “maintaining brand consistency or introducing a selling proposition within the transactional process, with the option to impose a margin on credit without the intrusion of external branding at the point of sale.”
Founded in 2013, Mangopay reportedly powers a flexible, wallet-based payment ecosystem that “enables the platforms to monetize their transaction volume.”
Mangopay’s end-to-end white-label infrastructure allows platforms “to manage multi-party payments, control money flows, and unlock new revenue streams.”
Since their inception, they have reportedly served over “250 million users and processed more than €100 billion in transactions.”