Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 35 companies across 5 categories.
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Founded in 2013 as a wallet-based payment infrastructure for European marketplaces and crowdfunding platforms, Mangopay grew rapidly by providing a single API covering pay-ins, e-wallets, and payouts. The company expanded its FX capabilities early via Currencycloud to serve non-Eurozone clients, and over time broadened from marketplace payments into a full embedded finance stack for platforms — adding KYC/KYB identity verification, fraud prevention (via the Nethone acquisition), virtual IBANs, and multi-currency treasury management. By 2025, Mangopay had positioned itself as the white-label financial infrastructure layer for any multi-party platform, competing with Stripe Connect and Adyen for Platforms specifically in Europe.
Other BaaS providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.
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<img src="https://www.embeddedfinanceindex.com/api/badge/mangopay/install" width="1" height="1" alt="" style="display:none">35 companies disclose Mangopay in their stack in the Embedded Finance Index 2026, including Caption, Travelnest, ZYMIX, Troc Velo, Kadonation, Dokan, Estrella Galicia, Ovo Network, Spanish, Sorare and 2 others.
Mangopay is an embedded-finance provider in Embedded Payments, BaaS, FX / Payouts, Unified FX and KYC. It ranks #10 of 346 BaaS providers by disclosed buyers.
The most-disclosed BaaS alternatives to Mangopay are Evolve Bank & Trust (72 buyers), Sutton Bank (64 buyers), Cross River (56 buyers), Pathward (47 buyers), ClearBank (40 buyers) and Thread Bank (35 buyers).
Mangopay is founded in 2013 and headquartered in Luxembourg.
Mangopay has raised $93.1M in total.
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