Mangopay, a platform-specific payment infrastructure provider and Spryker, a leading composable commerce platform for sophisticated use cases in B2B Commerce, Enterprise Marketplaces, and Thing Commerce, have announced a strategic alliance. This collaboration aims to empower businesses in building seamless marketplaces — from seller onboarding to payment processing.
The partnership, which officially starts in September 2023, is set to offer a holistic solution that addresses key challenges faced by businesses in this space. As the marketplace industry continues to grow and is projected to reach 8.7 trillion dollars by 2025, the payment experience remains a key differentiator.
The partnership’s key objectives centre around delivering exceptional value to mutual customers, providing them with the tools and capabilities needed to excel in the dynamic online marketplace landscape. By leveraging Spryker’s composable platform and Mangopay’s secure and reliable payment infrastructure, the two companies aim to empower businesses to create efficient, successful, and scalable online marketplaces.
Mangopay, with its strategic alignment with Spryker, reaffirms its dedication to pioneering advancements in the fintech sector, according to Luke Trayfoot, Chief Revenue Officer at Mangopay. ”This alliance allows us to provide our customers with enhanced services in the platform industry. Merging the top-tier technology from both our companies paves the way for novel opportunities for online enterprises.”
Manishi Singh, SVP App Composition Platform at Spryker, commented: “We are thrilled to collaborate with Mangopay to provide enterprises with a strong offering that enables them to build their marketplace faster. With Mangopay’s powerful payment structure and Spryker’s best-of-breed composability, customers will be able to efficiently build a seamless marketplace experience for both operators and end-users.”
