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Mirakl

“Can a marketplace SaaS platform evolve into the neutral commerce infrastructure layer — spanning software, payments, financing, and AI-agentic commerce — for the world's largest retailers and B2B distributors?”

Founded2012
HQParis, France & Boston, Massachusetts
FoundersPhilippe Corrot, Adrien Nussenbaum
Total raised$956M+
Latest round€100M Revolving Credit Facility, 2023
Valuation$3.5B+ post-money (2021)
IndustryMarketplace / E-commerce
The story

Founded in 2012 as a pure marketplace SaaS platform to help retailers launch their own third-party seller ecosystems, Mirakl has progressively moved from software-only toward becoming a full commerce infrastructure layer. The launch of Mirakl Payout in ~2023 marked the company's entry into embedded financial services — handling seller onboarding, KYC, escrow, and cross-currency payouts natively. By 2025, Mirakl was adding AI-powered agentic commerce capabilities (Mirakl Nexus, Agentic Activation) and embedding financing for sellers via Storfund, positioning itself as the neutral infrastructure layer for the entire commerce and payments stack rather than just the marketplace software.

Last 12 months
2024-11
2025-05
2025-12
2026-06
Product timeline
2012
Philippe Corrot and Adrien Nussenbaum founded Mirakl after leaving Fnac, where they had built and led the retailer's marketplace business.· pivot
2013
Opened first UK office, beginning international expansion.· expansion
2015
Launched Boston-area headquarters, establishing North American base.· expansion
2019
Launched Mirakl Connect, a platform connecting marketplace sellers and partners, and completed SOC 2 Type I audit.· banking
2020
Launched PSP certification program; Limonetik and Mangopay first certified. Raised $300M Series D led by Permira.· banking
2021
Raised $555M Series E at $3.5B+ valuation led by Silver Lake; accelerated enterprise marketplace expansion.· ipo
2023
Launched Mirakl Payout (financial services business) and Mirakl Ads (retail media); secured €100M revolving credit facility.· banking
2024
Announced strategic partnership with Mangopay to power Mirakl Payout in Europe using e-wallet and KYB technology.· banking
2025
Partnered with Stripe for agentic commerce infrastructure; launched Storfund Daily Advance financing embedded on Mirakl Connect. Launched Mirakl Nexus agentic commerce platform.· banking
The stack
4 layers disclosed in Mirakl’s embedded-finance stack
Payments / PSP
Stripe ConnectMangopay
Banking / BaaS
in the full report
Lending
in the full report
FX & payouts
in the full report
Accounting gap: minor
4 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.