Mangopay's expansion to London is off to a fast start, as the payments technology company has already reached a deal with Liftshare, the U.K.'s largest car sharing community.
Liftshare, which has more than 420,000 users, will deploy Mangopay's application programming interface (API) to offer a simplified payment experience for consumers.
In the new world of sharing economy marketplaces, finding the right payment solution is essential, said Ali Clabbum, co-founder of Liftshare, in a February 17 press release. It was brilliant to discover Mangopay and its unique solution that supports marketplaces and micropayments and a team who works closely with us to continually improve the service and drive innovation.
Liftshare's technology matches people looking for a ride with drivers that will offer empty seats in their vehicles. The company, which was founded in 1998, has worked with more than 600 major U.K. employers, including Barclays, Tesco and Heathrow Airport on commuting strategies. The shared rides save about one million commuter trips per month in the U.K., according to Liftshare.
Mangopay, which is headquartered in Paris, now has 50 customers in the U.K. with more than 400 across Europe, including Crowdrooster, Crowd2fund and BankToTheFuture.
Mangopay is a subsidiary of The Leetchi Group, which was created in 2010 to provide a platform for group gifting. For two and a half years, Celine Lazorthes, the CEO and her team worked to obtain an e-money issuer license in the European Union so it could provide the payments API it built in-house to other companies.