MangoPay, a European payment technology provider for marketplaces and platforms, is to hire 250 people this year in a rare reversal of the current trend for layoffs across the tech industry.
The move comes as the firm reports 35% of year-on-year growth and total 2022 transaction value reaching over €11.3 billion. The company says it onboarded 243 new customers this year and has already hired 100 new staff across the business, including four C-suite appointments.
The growth trajectory follows a majority investment by Advent International last year and the addition of €75 million of primary capital to grow the business. In November, the firm acquired AI fraud detection and prevention company Nethone, whose technology is designed specifically to protect e-commerce marketplaces.
Romain Mazeries, CEO, comments: “Under Advent’s ownership, we have boosted our C-suite expertise and made our first acquisition, which has put us on a path for great success. As we look forward to 2023, I’m most excited about our overall ability to empower platforms to build and scale the payment system that they need with the technology expertly curated to beat the ever-changing marketplace landscape."
Want to see more fintech opportunities? Visit the Finextra Job Board for hundreds more roles, and bookmark the link for regular check-ins.