“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?”
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.
Mirakl discloses Mangopay as its banking provider, according to the Embedded Finance Index 2026.
Mirakl does not disclose a bank charter of its own; its banking services are provided through Mangopay.
Mirakl processes payments through Stripe Connect and Mangopay.
Mirakl's lending and capital products are provided by Storfund.
Mirakl uses Mangopay for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 4 layers in Mirakl's stack: Payments / PSP (Stripe Connect and Mangopay); Banking / BaaS (Mangopay); Lending (Storfund and Storfund Daily Advance (embedded marketplace financing for sellers)); FX & payouts (Mangopay).
Mirakl was founded by Philippe Corrot and Adrien Nussenbaum and is founded in 2012, headquartered in Paris, France & Boston, Massachusetts.
Mirakl has raised $956M+ in total (latest round: €100M Revolving Credit Facility, 2023; valuation: $3.5B+ post-money (2021)).
Get a read on where your own stack stands against Mirakl 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.