Every marketplace has a payments problem. Money comes in from buyers, needs to be held safely, split between the platform and the seller, and paid out on schedule — a sequence of operations that requires both technical infrastructure and a payment institution licence to execute legally. Mangopay was founded in Luxembourg in 2013 to handle all of it. Its white-label payment infrastructure gives marketplaces, platforms, and crowdfunding sites the ability to manage multi-party payments, e-wallets, and payouts without building the compliance and technical infrastructure themselves. The Luxembourg base gave it a European passport from the start, and the company has expanded to serve hundreds of platforms across the continent including Vinted, Rakuten, and Chrono24. Mangopay was acquired by Natixis in 2015 and later carved out as an independent company backed by Advent International in 2022 — a trajectory that reflects both the strategic value of marketplace payment infrastructure and the ongoing interest from private equity in fintech infrastructure plays. In a platform economy that is growing faster than the payment infrastructure designed to serve it, Mangopay sits in an increasingly central position.