MANGOPAY, a major European payment solutions provider for marketplaces and platforms, announced the appointment of Luke Trayfoot as Chief Revenue Officer. In this newly created position, Luke takes on a critical leadership role to help MANGOPAY accelerate its international expansion as well as improve revenue streams for this next phase of growth.

The appointment of Luke Trayfoot, who will report to CEO Romain Mazeries, is another step for MANGOPAY in becoming one of the key global payment solutions providers powering the platform economy.

With over a decade's experience in the payments and marketplace industry, Luke Trayfoot has a strong track record of scaling tech and payment companies with also a deep understanding of the top marketplaces challenges. With knowledge in digital marketplaces, cross-border trade and payment environments, Luke will focus on developing new markets, enabling MANGOPAY’s customers to expand their business globally, and deliver growth and profit objectives. This nomination follows a year of exceptional growth for the company and Advent International's acquisition of MANGOPAY.

Previously, Luke was EMEA Sales Director at Hyperwallet, where he contributed to creating a global payout company. He was at Hyperwallet when PayPal acquired the fintech company to enhance PayPal payout capabilities specifically for marketplaces and platforms. After joining PayPal, Luke led the EMEA marketplace strategy for the company. Prior to joining Hyperwallet, Luke spent 4 years at World First, where he held numerous leadership positions including Head of Partnership Sales EMEA and Partnerships Sales Manager.

Chief Revenue Officer, Luke Trayfoot said: ‘‘I am delighted to join MANGOPAY and bring my deep knowledge and experience to such an exciting pioneer in digital payment solutions. Marketplaces continue to be the paradigm shift in digital commerce which is connecting the planet. In fact, last year global marketplaces’ sales increased by 25% compared to global first party e-commerce sales which only grew by 12%. Unlike other marketplace payment solutions in the market, MANGOPAY's payment environment is tailored to meet the specific needs of growing global marketplaces. With the team in place and Advent’s position within the business, I’m certain we are well on our way to becoming the leading payment solution in this category.”

Romain Mazeries, Chief Executive Officer of MANGOPAY said:” I am pleased to welcome Luke to our team. His motivational leadership style and expertise in go-to-market strategy and execution will be a great addition as we continue our UK and global expansion plans. Luke is joining us at a very exciting time – fresh off our successful acquisition by Advent. He will help us as we enter another exciting hyper growth phase.”