Mangopay, a platform-specific payment infrastructure provider, has announced a strategic partnership with Kriya, a London based fintech platform that offers seamless access to B2B payments and credit, with instant decision-making. This partnership will enable Mangopay B2B marketplaces to easily create a dynamic payment experience that aims to eliminate obstacles and ensure smooth business operations. As the B2B marketplace industry continues to expand, the payment experience remains a crucial factor in distinguishing marketplaces.
By partnering with Kriya, Mangopay demonstrates its commitment to driving innovation in the fintech sector. Kriya shares Mangopay’s vision of providing a streamlined and state-of-the-art payment infrastructure by enabling seamless access to B2B payment and credit options. Business customers will enjoy a tailored checkout experience that supports their preferred payment methods and flexible terms. At the same time, platforms will receive upfront payment, ensuring a more secure transaction. This integration of Kriya’s credit checkout solution enhances Mangopay’s pay-out capabilities and represents a significant step towards global market growth.
This partnership is poised to deliver a comprehensive solution that effectively manages the complex payment flows intrinsic to B2B operations. It includes immediate payment options, deferred payment collections, efficient disbursement of funds to vendors, and meticulous handling of marketplace operator commissions. With Kriya, business buyers have the option to purchase goods and Pay Later for up to 90 days, while sellers receive payment upon the shipment of goods. This payment method offered by Kriya benefits both sellers and business buyers in terms of cash flow management.
Luke Trayfoot, chief revenue officer at Mangopay, commented, “Mangopay, through its strategic alignment with Kriya, reaffirms its dedication to pioneering advancements in the fintech sector. Kriya’s commitment to facilitating seamless access to B2B payments and credit resonates with Mangopay’s ethos of providing a streamlined, state-of-the-art payment infrastructure.”
Anil Stocker, CEO & co-founder of Kriya, added, “B2B e-commerce is growing rapidly, with many marketplaces and merchants in need of a new range of payment and credit options to support their business operations. Our partnership with Mangopay, a leading player with extensive reach in B2B marketplaces, positions us to provide an enhanced customer experience to Mangopay’s merchants. This partnership exemplifies how two leading fintech companies can collaborate to better serve B2B marketplaces by offering frictionless access to payment options.”
