EMCC European Monitoring Centre on Change

Mangopay

Company/Organisation:
Mangopay

Geographic Location

Country: France
Region: Paris; île de France
Location of affected unit(s): Paris

Company

Sector: Financial services
Financial and insurance activities
64.19 - Other monetary intermediation
Group: Advent International

Employment Effects

Announcement Date: 06-04-2022
Type of Restructuring: Business expansion
Employment Effect Start: 12-04-2021
Planned Job Creation: 150

Additional Information

The American fund Advent International, which bought Mangopay – a payment platform aimed at professionals (BtoB) – from the Crédit Mutuel Arkea group, has announced to recruit 250 people for the platform worldwide. Of 250, 150 positions will be created in France. In this way, Mangopay will double its workforce. New roles will be in engineering, production, sales, and customer service.

Advent International plans to invest €75 million in Mangopay, which operates in France, Spain, Italy, Germany, the United Kingdom, the Netherlands, and Luxembourg. Mangopay's ambition is to consolidate its position in Europe and to expand in the short term in Scandinavia, Portugal, and Poland.

Mangopay is an electronic money institution licensed to provide services in the European Union and employs 230 people across Europe.

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