Spryker and Mangopay Collaborate to Help Build ‘Seamless Marketplaces’

Spryker, a composable commerce platform, and Mangopay, a platform-specific payment infrastructure provider, have announced a strategic partnership.

The collaboration seeks to empower businesses in constructing “seamless marketplaces,” from seller onboarding to payment processing, according to a Thursday (Aug. 31) press release emailed to PYMNTS.

Spryker’s platform caters to B2B commerce, enterprise marketplaces and “thing commerce,” focusing on intricate use cases, per the release. Meanwhile, Mangopay’s payment infrastructure supports over 2,500 platforms and marketplaces.

“Merging the top-tier technology from both our companies paves the way for novel opportunities for online enterprises,” Mangopay Chief Revenue Officer Luke Trayfoot said in the release.

The marketplace sector is projected to reach $8.7 trillion by 2025, with the payment experience emerging as a differentiator, per the release. Businesses are increasingly realizing the importance of seamless payment experiences and seeking innovative solutions.

The partnership aims to address these needs in the platform industry, the release said. By combining Spryker’s platform with Mangopay’s payment structure, the companies aim to enable businesses to create effective and scalable online marketplaces.

“[C]customers will be able to efficiently build a seamless marketplace experience for both operators and end-users,” Manishi Singh, senior vice president of app composition platform at Spryker, said in the release.

For companies that are looking to steer their business strategy to drive growth, thinking globally should be a priority from the onset, Mangopay Chief Growth Officer Pierre Lion told PYMNTS in an interview posted in July.

“When you start building your project or your proof of concept, especially for a payment solution, you need to think beyond your local markets from day one because you don’t want to totally rebuild your infrastructure and technology after just a year or two,” Lion said at the time.

But while he emphasized the importance of targeting global markets, he cautioned against launching internationally too soon. Instead, he recommended first working with local partners to tailor solutions to local needs as part of establishing a strong presence in core markets.

Once that is achieved, firms can then proceed to replicate the business model in new markets.

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