Mangopay Acquires Nethone

MangoPay

MangoPay, a Paris, France-based provider of payment infrastructure solutions, acquired Nethone, a Warsaw, Poland-based fraud detection and prevention company.

The amount of the deal was not disclosed.

With the acquisition, MangoPay will allow platforms to operate in a safe environment by preventing account takeovers (ATO), reducing fake accounts, fraud rates, chargebacks and unauthorized transactions. Nethone will remain a standalone company serving online merchants and financial institutions with sophisticated along-the-user-journey fraud prevention.  

Led by CEO Hubert Rachwalski von Rejchwald, who joins MangoPay’s executive committee, Nethone is a machine learning-based fraud prevention SaaS company which empowers eCommerce merchants and financial institutions to holistically understand their end-users with Know Your User (KYU) profiling technology. It is already used by BlaBlaCar, Farfetch, Booksy and Grover, to efficiently neutralize the top three fraud risks to platforms payment fraud, account takeover and friendly fraud. 

Led by CEO Romain Mazeries, MangoPay offers payment infrastructure for companies. The company provides a pay-in, pay-out authentication and seller onboarding capabilities now empowered by Know Your User intelligence to protect marketplaces from sophisticated fraud and abuse.

Created in 2013, MangoPay serves 2,500 + platforms and marketplaces.

FinSMEs

29/11/2022

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