B2B marketplace payment infrastructure provider Aria has extended its partnership with Mangopay to now integrate its embedded finance wallet-based payment solution.
Mangopay’s flexible wallet payment solution, along with its virtual iBANs, seek to provide greater reconciliation efficiency to Aria partnering customers to streamline payouts and refund management disputes.
Furthermore, the partnership extension will also look to accelerate payment processing of each transaction that is settled by Aria.
Clément Carrier, CEO and Co-Founder at Aria, said: “We are delighted to extend our relationship with Mangopay in a partnership that highlights synergies between our two companies to power the growth of the platform economy.
“With Mangopay’s support, we are able to accelerate our international growth with the addition of new currencies.
“This technical integration takes our collaboration to the next level and will help us drive efficiencies in processes and reconciliation, which ultimately will benefit our clients and their users.”
The collaboration builds on the existing partnership between the two companies, with the integration of Mangopay’s technology powering Aria’s international growth with support for GBP and USD payment flows.
Aria provides embedded invoice financing for B2B marketplaces and platforms, allowing sellers to receive funds immediately and buyers to defer payments. The solution aims to reduce intermediation, increase sales, and eliminate credit or payment risk for B2B marketplaces.
Through its API-centric solution, Aria enables market-leading platforms with the tools to automate credit checking, supplier advances, and buyer reconciliations.
Alexis Ammar, Director of Strategic Sales at Mangopay, added: “Aria and Mangopay have a long-standing relationship and this integration builds on a successful partnership between two companies focused on payments innovation.
“Embedded finance, particularly deferred payments, is increasingly important for platforms as buyers and sellers become accustomed to being able to pay and receive funds on terms that suit them.
“Aria is at the forefront of providing deferred payment solutions for B2B platforms, and we are delighted that this integration enables it to optimize and automate the management of its financial flows, save time, and reduce costs.”
