This partnership aims to equip B2B marketplaces and transactional Software-as-a-Service (SaaS) companies with tools to manage their payments and credit, according to a FinTech Finance News report on Tuesday (Nov. 7).
The integration of Mangopay’s payment services with Aria’s expertise in credit assessment and lending solutions allows businesses in the B2B marketplace and SaaS sectors to enhance the quality of their payment experience, the report said.
Aria’s B2B offering includes immediate payment options, deferred payment collections, efficient fund disbursement to vendors, and meticulous handling of marketplace operator commissions. This comprehensive suite of services helps reduce credit and payment risk for businesses.
The collaboration will enable businesses to purchase goods and pay for them up to 90 days later, while sellers receive payment upon the shipment of goods. This arrangement not only increases sales volume but also supports cash flow management for both sellers and buyers. Additionally, it allows marketplaces to own their customer experience and provide a highly tailored checkout process, per the report.
The partnership between Mangopay and Aria demonstrates their commitment to driving payments innovation for B2B marketplaces, the report said. By combining modularized marketplace payment infrastructure with comprehensive credit solutions, the companies aim to empower marketplaces with better control over their payment strategies and more access to trade credit.
Luke Trayfoot, chief revenue officer at Mangopay, expressed his excitement about the partnership.
“Our aim is to power the payment infrastructure and operations of the world’s largest and most innovative marketplaces and platforms,” he said. “Together with Aria, we believe in paving the way for a future where payment solutions are not just seamless but also transformative.”
Clément Carrier, CEO of Aria, also expressed his enthusiasm for the collaboration.
“Our partnership with Mangopay, a major player with extensive reach in B2B marketplaces, better positions us to deliver a market-leading customer experience. It demonstrates how two innovative fintech organizations can work together to simplify access to necessary payment options for B2B marketplaces,” Carrier said.
In other recent news, Mangopay was granted an electronic money institution (EMI) license by the U.K. Financial Conduct Authority (FCA), PYMNTS reported earlier this month.
This license allows the B2B payment infrastructure provider, which supports over 2,500 platforms and marketplaces around the globe, to offer its services to U.K.-based firms, including issuing electronic money, facilitating digital payments, and providing a range of other payment solutions.
Commenting on the news, Mangopay CEO Romain Mazeries expressed the company’s dedication to providing marketplaces and platforms with tailored, modular solutions that simplify payments, adding that “this FCA [authorization] will unlock further innovation in the [U.K.] market.”
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