MANGOPAY, the online payment API for marketplaces and crowdfunding platforms announces its partnership with London FinTech start-up GoCardless, specialists in online Direct Debit payments. Launching in early 2016, the partnership will provide MANGOPAY’s merchants with an easy way to set up and accept recurring payments.

Thanks to the partnership, platforms can improve payment efficiency, manage funds more effectively whilst remaining fully compliant. The payment solution will support MANGOPAY’s extensive European customer-base as GoCardless offers Direct Debit via Bacs in the UK and SEPA across the Eurozone and has launched in France, Germany, Netherlands and Spain.

MANGOPAY is the only payment solution on the market that is completely flexible and easy to integrate. In addition to MANGOPAY’s current offering, where clients can escrow funds on behalf of third parties and manage platform cash flow, next year they will add the functionality to accept payments via Direct Debit. 

“The partnership with GoCardless is a major strategic step forward and further cements MANGOPAY’s position as the best payments API for crowdfunding platforms to use. Our objective at MANGOPAY is to provide a payment solution which fits the particular needs of crowdfunding platforms and marketplaces. Furthermore the partnership is a real testament to the quality of financial technology currently innovating in London” said Céline Lazorthes, founder and CEO of MANGOPAY.

“We are delighted to be teaming up with MANGOPAY. The new partnership allows us to provide Direct Debit, a popular payment solution for recurring payments due to its low fees and low churn, to MANGOPAY’s crowdfunding and marketplace owners.  As a leading Direct Debit provider, we already serve tens of thousands of businesses across the world. MANGOPAY users will soon be able to benefit from our simple and effective recurring payments service. Together I am sure we will forge a formidable partnership and offer a best in class solution to their customers” said Hiroki Takeuchi, co-founder and CEO of GoCardless.