Holiday rental platform Travelnest has selected Mangopay, the flexible wallet infrastructure provider for platforms, to optimise its end-to-end payments process. 

Travelnest streamlines holiday rental listings, bookings, and payments for property owners. It improves occupancy rates for holiday rental properties by automating marketing and increasing exposure on global booking sites such as Airbnb, Booking.com, and Expedia while reducing the administration burden for property owners.   

Founded in 2015, Edinburgh-based Travelnest connects thousands of holiday property owners with more than 30 global booking sites. 

Mangopay will provide payment integration, including multi-currency support, to meet Travelnest’s complex requirements. The solution will optimise the flow of funds from both booking platforms and guests, improving efficiency for the holiday rental platform and reducing costs.  

With its flexible wallet infrastructure, Mangopay supports multiple business models in the platform economy. The company’s wallet and end-to-end payment infrastructure covers everything from pay-ins to payouts, all secured by AI-driven fraud prevention. Platforms can also build engaged communities where users manage their money securely in one place, creating new revenue opportunities through wallet-facilitated transactions. 

Chris Brooks, Travelnest CFO, said: “Establishing and managing holiday rental properties can be a daunting task, and at Travelnest, we are here to help owners build and maintain a successful business while saving time and effort. Simplifying and streamlining the payment process forms a key part of the service we provide, and Mangopay has provided us with a solution that creates efficiencies and reduces costs. We are delighted with what we are able to achieve together with Mangopay and are excited about the benefits that this integration will bring to our business.”  

Alex Taylor, Head of Sales at Mangopay, said: “We love working closely with clients to create innovative solutions that meet their specific needs. The flexibility of Mangopay’s solution means we are able to manage complex payment flows for Travelnest as they connect thousands of property owners with multiple booking platforms. Our technology is perfectly suited to fast-growth businesses in the travel and hospitality industry, and we look forward to playing a supporting role in Travelnest’s impressive growth story.”