Mangopay, a payments provider to several peer-to-peer lending platforms, has acquired Dublin-based payments technology company WhenThen.

WhenThen enables payment acceptance and automates payment operations for online businesses.

The acquisition is intended to rapidly scale Mangopay’s payment offering, through multi-processor relationships and a greater level of automation.

It follows Mangopay’s acquisition of AI fraud detection and prevention company Nethon in November.

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“As the platform economy continues to grow, creating amazing payment experiences remains a key factor for our customers and prospects,” said Mangopay chief executive Romain Mazeries.

“Acquiring WhenThen enables Mangopay to rapidly accelerate its payment capabilities whilst providing one of the best payment experiences in the market. It represents a strategic asset for our growth plans, following the acquisition of Nethone in 2022 that strengthened our fraud capabilities.”

WhenThen’s entire team and products have fully merged with Mangopay and will operate under the Mangopay brand.

WhenThen co-founder Kirk Donohoe has also become the latest addition to Mangopay’s executive committee as chief product officer.

Mangopay’s executive committee has already seen the arrival of several new senior payment and marketplace executives over the past year, including chief technology officer Ronen Benchetrit (ex-Zopa, Bumble), chief revenue officer Luke Trayfoot (ex-PayPal), general counsel Olympe Leflambe (ex-Ebay), chief finance officer Carlos Sanchez Arruti (ex-Amazon) and Nethone chief executive Hubert Rachwalski.

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“We are extremely excited to embark on Mangopay’s journey and become the next global payment leader for platforms,” added Donohoe.

“Platform-based businesses, big and small, seek flexibility in how they build and operate their payment stack as they strive to meet their growth and revenue targets. They have had to adopt a one-size-fits-all payments system approach for too long. We want to give them more control, flexibility and scalability.”