Merchants using Mangopay to sell through online marketplaces will have an option to set up and accept recurring payments through GoCardless' direct debit network.
Mangopay, an application offered through Paris-based Leetchi Group, is partnering with London-based startup GoCardless to expand services to its marketplaces and crowdfunding platforms throughout Europe.
GoCardless offers direct debit payments through Bacs in the U.K., and SEPA across the Eurozone. The company has launched its service in France, Germany, Netherlands and Spain.
Mangopay plans to add the direct debit payment option early next year. Current services allow clients to escrow funds on behalf of third parties and manage cash flow.
"Our objective at Mangopay is to provide a payment solution which fits the particular needs of crowdfunding platforms and marketplaces," Céline Lazorthes, founder and CEO of Leetchi, said in a Dec. 17 press release. "The partnership is a real testament to the quality of financial technology currently innovating in London."
Mangopay serves more than 700 customers in 22 countries, with offices in Paris, London, Berlin and Luxembourg.
Leetchi Group is part of French banking group Credit Mutuel Arkea. Lazorthes built the company in 2010 and became an e-money issuer in 2013.Earlier this year, the company struck a deal with Liftshare, the U.K.'s largest car sharing community.