After more than a decade of scaling together, marked by sustained growth in transaction volumes, international reach, and member base, Vinted has decided to extend its partnership with Mangopay as its payment service provider across Europe.
Mangopay will keep providing its wallet infrastructure, payment processing, and payout capabilities, working closely with Vinted’s own in-house payment service provider, Vinted Pay. The expanded scope of collaboration is aligned with both the scale already achieved and the expected growth trajectory.
“We chose to build our marketplace model with Mangopay at a time when few providers truly understood multi-party payments. Their wallet-based infrastructure has given us the flexibility to manage complex money flows and support the evolution of our business model,” said Modestas Tursa, VP for Payments at Vinted. “Today, the payments landscape is more competitive, but Mangopay continues to stay on top and to offer the platform-focused capabilities. We have ambitious plans ahead, and we value working with a partner that understands both our history and our future.”
Mark Fleming, Mangopay’s Chief Commercial Officer, added: “Vinted trusted our wallet-first infrastructure long before platform-based business models became established as scalable and sustainable revenue models. They anticipated how the platform economy would evolve and chose the infrastructure built for that future. Together, we have demonstrated how a multi-party payments framework operates successfully and the value it creates for buyers, sellers, and the platform itself.” We are proud of what we have built together and excited for what comes next.”
Share