Mangopay acquires fraud detection and prevention company Nethone

Marketplace online payment technology specialist Mangopay is acquiring Poland's fraud detection and prevention company Nethone for an undisclosed sum
Mangopay acquires fraud detection and prevention company Nethone

Payment infrastructure for platforms and marketplaces provider Mangopay is acquiring Polish fraud detection and prevention company Nethone. By folding Nethone’s expertise into their own offer, Mangopay aims to provide anti-fraud solutions specifically designed for platform businesses. The terms of the deal remain undisclosed.

With the platform economy grossing $3.23 trillion in sales in 2021, these marketplaces account for over two-thirds of e-commerce transactions. It also makes them a prime target for fraud. And while Mangopay offers its clients a host of payment technologies and associated services, with the addition of Nethone, the France-founded company is ensuring that it has best-in-class anti-fraud security in place.

“Every platform must have a deep understanding of its users in real-time throughout their entire customer journey to reduce fraud activity. We’re delighted to welcome Nethone to the group and offer a unique set of anti-fraud capabilities on top of our existing infrastructure,” explained Mangopay CEO Romain Mazeries. “This is a key step in our mission to provide marketplaces and platforms with the best solution to drive their success.”

Nethone, a service trusted by customers including Farfetch and ING, will remain a separate company and will continue to serve online merchants and financial institutions, with its CEO and co-founder Hubert Rachwalski joining Mangopay’s executive committee.

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