Though Vinted is gradually turning from marketplace relying on external infrastructure to a fintech-driven e-commerce hub, it continues its long-standing collaboration with Mangopay that “understands both Vinted history and future”.
Mangopay, a fintech company focusing on “multi-party payments” infrastructure for online marketplaces and platforms, and one of Europe’s largest second-hand fashion marketplaces Vinted have announced they are expanding their strategic partnership after over a decade of fruitful cooperation.
According to the firms, Mangopay will keep providing its wallet infrastructure, payment processing, and payout capabilities to the marketplace, in close cooperation with Vinted’s own in-house payment service provider, Vinted Pay. While in the beginning of their partnership, Mangopay was the single backbone of Vinted’s wallet and payout system, today the re-commerce seller has its own domestic payment capabilities, now leveraging a hybrid in-house + outsourced payment infrastructure system.
Mangopay powers several key parts of the Vinted payment flow:
- digital wallets for users (“Vinted Wallet”)
- payment processing between buyers and sellers
- holding funds securely until transactions are completed
- payouts to sellers’ bank accounts
- identity verification and compliance checks
- multi-currency and cross-border money movement
At the same time, in 2023 Vinted obtained an Electronic Money Institution (EMI) licence from the Bank of Lithuania. With this achievement, its fintech arm Vinted Pay can legally hold user balances, issue electronic money, and process payments in the EU. In March 2026, Vinted Pay also received a UK EMI licence from the FCA, allowing expansion into the UK market.
Despite Vinted Pay now powering larger share of the marketplace’s financial operation aspects, Mangopay remains its solid strategic infrastructure partner, with the partnership evolving “aligned with both the scale already achieved and the expected growth trajectory.”
“We chose to build our marketplace model with Mangopay at a time when few providers truly understood multi-party payments. Their wallet-based infrastructure has given us the flexibility to manage complex money flows and support the evolution of our business model. Today, the payments landscape is more competitive, but Mangopay continues to stay on top and to offer the platform-focused capabilities. We have ambitious plans ahead, and we value working with a partner that understands both our history and our future.”
Modestas Tursa, VP for Payments at Vinted
The renewed partnership comes as the re-commerce market continues to grow globally, with more consumers using second-hand platforms to save money and reduce waste. Statista estimates that, in 2025, the global recommerce market was worth more than $228.6 billion, a significant surge from nearly $140 billion in 2020. That growth trajectory is expected to bring the market close to 306.5 billion dollars by 2030.
According to Mangopay research, 43% of platform users prefer wallet-based payments, where money earned from selling items can easily be used for future purchases. As re-commerce expands, platforms increasingly need payment systems designed specifically for marketplace transactions. Mangopay and Vinted have been part of that development for more than a decade.
“Vinted trusted our wallet-first infrastructure long before platform-based business models became established as scalable and sustainable revenue models. They anticipated how the platform economy would evolve and chose the infrastructure built for that future. Together, we have demonstrated how a multi-party payments framework operates
successfully and the value it creates for buyers, sellers, and the platform itself. We are proud of what we have built together and excited for what comes next.” Mark Fleming, Mangopay’s Chief Commercial Officer
