“Can a marketplace turn its payments layer into its own regulated fintech without losing the flexibility of best-in-class third-party rails?”
Vinted began as a peer-to-peer second-hand fashion marketplace in Lithuania and scaled across 20+ European markets. Historically it relied entirely on Mangopay for wallet infrastructure, payouts, and multi-party payments. In 2023 it launched Vinted Pay as an in-house licensed payment institution to gain control and unit economics, and in 2026 obtained a UK EMI licence — evolving toward a fintech-driven marketplace where in-house payments coexist with continuing Mangopay and Checkout.com partnerships.
Vinted discloses Vinted Pay (in-house) and Mangopay as its banking providers, according to the Embedded Finance Index 2026.
Vinted does not disclose a bank charter of its own; its banking services are provided through Vinted Pay (in-house) and Mangopay.
Vinted processes payments through Checkout.com, Mangopay and Vinted Pay (in-house).
Vinted uses Vinted Pay (in-house) and Mangopay for KYC and identity verification.
Vinted uses Vinted Pay (in-house) and Mangopay for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 5 layers in Vinted's stack: Payments / PSP (Checkout.com, Mangopay and Vinted Pay (in-house)); Banking / BaaS (Vinted Pay (in-house) and Mangopay); KYC (Vinted Pay (in-house) and Mangopay); FX & payouts (Vinted Pay (in-house) and Mangopay); Spend / AP (Payhawk).
Vinted was founded by Milda Mitkute and Justas Janauskas and is founded in 2008, headquartered in Vilnius, Lithuania.
Get a read on where your own stack stands against Vinted 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.