19 Apr 2023
GiftRound, the specialist platform for group gift collection announces their strengthened partnership with Mangopay, platform-specific payment infrastructure provider, to process all of the platform's payment flows. This partnership began in 2018 at GiftRound’s inception, who so far has processed over £10.5M via more than 75,000 money pots using Mangopay.
GiftRound provides a secure, reliable and easy to use, online service that helps people collect money for group gifts. GiftRound’s purpose is to bring people together to celebrate and reignite the joy of group gift giving for the collection organiser, the contributor and the recipient. Currently, there are more than 800 000 users for 125 GiftRounds created daily.
Managing payment flows is at the core of GiftRound’s offering. The company needed a robust payment provider to process complex payment flows. Mangopay’s expertise and capabilities were a perfect match to manage this, bringing a long track record of working with platform specific businesses including crowdfunding companies. With Mangopay’s API, GiftRound can ensure the security of money collection, fraud prevention and anti-money laundering, all of which are vital for GiftRound. Mangopay also provides KYC processes alongside secure and diverse payment methods.
Now, GiftRound will also utilise Mangopay’s e-wallet modular technology, adding a further layer of protection and security ahead of the dispersing of funds to the end receiver. This functionality will provide flexible and scalable pay-in and pay-out capabilities which are critical for the platform and GiftRound’s promise to provide reliable and smooth payment experiences to customers.
Craig Forsythe, CEO & Founder, GiftRound highlights: “Having started this journey with Mangopay in 2018, we’re delighted to continue working together. Payment flows are crucial for us as we work on maintaining our high levels of growth by listening to our customers to improve their payment experience on our platform. It is key for us to work with a trusted partner and we know that crowdfunding payment flows are part of Mangopay’s DNA. Mangopay will enable us to process multiple payment flows daily in the safest way possible and we look forward to continuing to grow a reliable, secure service with our trusted partner.”
Luke Trayfoot, Chief Revenue Officer, Mangopay declares: “Our modular and flexible payment infrastructure is a necessary asset for platforms, especially as they look to further improve their payment operations, user experience and scalability. We are proud to support GiftRound on its payment journey and help their customers organise gift collections quickly and easily. The UK represents a key growth market for Mangopay and having national partners such as GiftRound is fundamental for our expansion in the market.”
With this expanded partnership, GiftRound plans to launch in Ireland, using Mangopay’s payment capabilities to continuously offer a cutting edge payment experience to its customers.
Mangopay empowers the platform economy with its modular payment infrastructure. Created in 2013, Mangopay has supported 2,500+ platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in to payout, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms.
Since its creation in 2018, GiftRound has helped their customers celebrate together and show they care with a hassle-free, secure service for group gift collections. GiftRound reignites the joy of group gifts for weddings, colleagues, teacher’s gifts and children’s parties. GiftRound offers a secure solution to create group collections and collect contributions with ease and with their growing range of curated gifts in the GiftRound Store is the perfect way to spend a group collection.