London fintech partners with Mangopay to ‘elevate B2B payment experience’

Mangopay, a platform-specific payment infrastructure provider, has announced a strategic partnership with Kriya, a London based fintech platform offering ‘seamless access’ to B2B payments and credit, with instant decision-making.

This cooperation will allow Mangopay B2B marketplaces to easily build a dynamic payment experience that aims to ‘remove friction and keep business flowing brilliantly’. As the B2B marketplace industry continues to grow, the payment experience remains a key differentiator.

Partnering with Kriya, Mangopay underscores its dedication to spearheading innovations in the fintech sector. Kriya’s commitment to facilitating seamless access to B2B payment and credit options resonates with Mangopay’s drive of providing a ‘streamlined, state-of-the-art’ payment infrastructure.

Business customers can enjoy a checkout experience tailored to their preferred payment methods and flexible terms. Meanwhile, platforms receive upfront payment, ensuring a more secure transaction. Enhancing Mangopay’s pay-out capabilities with a key credit checkout solution is a significant step in driving global growth for marketplaces.

This partnership is poised to deliver a comprehensive proposition, adept at managing the multifaceted payment flows intrinsic to B2B operations. This includes, but is not limited to, immediate payment options, deferred payment collections, efficient disbursement of funds to vendors, and the meticulous handling of marketplace operator commissions.

With Kriya, business buyers can purchase goods and Pay Later for up to 90 days. At the same time, sellers receive payment upon the shipment of goods, making Kriya payment method a beneficial tool for the cash flow management of both sellers and business buyers.

Luke Trayfoot, chief revenue officer at Mangopay, commented: “Mangopay, in its strategic alignment with Kriya, reaffirms its dedication to pioneering advancements in the fintech sector.

“Kriya’s commitment to facilitating seamless access to B2B payments and credit resonates with Mangopay’s ethos of providing a streamlined, state-of-the-art payment infrastructure.”

Anil Stocker, CEO & co-founder of Kriya, added: “B2B e-commerce is growing rapidly, with many marketplaces and merchants needing a new suite of payment and credit options to let their business flow.

“Our partnership with Mangopay, a leading player with extensive reach in B2B marketplaces, positions us to deliver a better customer experience to Mangopay’s merchants. This partnership is a great example of two leading fintechs working together to better serve B2B marketplaces by offering them frictionless access to payment options.”

By Matthew Neville – Senior Correspondent, Bdaily

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