“Can a Belgian corporate gifting SaaS capture enterprise HR and procurement budgets by embedding automated, compliant gift workflows into existing HRIS and ERP systems?”
Founded in 2016 as a consumer-facing digital gift collection platform, Kadonation pivoted toward B2B by building Kadonation Select — an e-procurement-friendly corporate gifting platform for HR and procurement teams. The embedded finance angle is primarily payments (via Mangopay as a regulated wallet/escrow layer) and HR connectivity (via Apideck HRIS). The company remains a Belgian SME with modest funding, competing on integrations and compliance rather than proprietary financial infrastructure.
Kadonation discloses Mangopay as its banking provider, according to the Embedded Finance Index 2026.
Kadonation does not disclose a bank charter of its own; its banking services are provided through Mangopay.
Kadonation processes payments through Mangopay.
The Embedded Finance Index 2026 maps 3 layers in Kadonation's stack: Payments / PSP (Mangopay); Banking / BaaS (Mangopay); Unified APIs (Apideck).
Kadonation is founded in 2016 and headquartered in Ghent, Belgium.
Kadonation has raised $1.1M in total.
Get a read on where your own stack stands against Kadonation and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.