Ticombo teams up with Mangopay to enhance ticket-selling experience

Ticket marketplace Ticombo has teamed up with Mangopay, a modular payment infrastructure provider, to enhance the way tickets are bought and sold online.

In a statement, the firms said Mangopay will manage Ticombo’s end-to-end payment flow from pay-in to payout. Ticombo will also leverage Mangopay’s wallet-based payment infrastructure to launch a new payment service where users can store funds they receive from ticket sales. These funds can then be re-spent on other tickets available in the marketplace.

Based in Berlin, Ticombo allows event organisers, resellers, and consumers from to sell or resell event tickets. Sellers can sign up to the marketplace by verifying their identity, setting a price, and promoting their tickets in order to sell them.

Founded in 2013, Mangopay supports multiple business models in the platform economy with its modular payment infrastructure. Its programmable e-wallet solution covers platform payment needs, from pay-in to payout, including currency conversion solutions and AI-driven fraud prevention technology.

Speaking on the deal, Atle Barlaup, Co-Founder and CEO of Ticombo, said: “The event experience starts at the point of the ticket purchase, which is why our mission since day one has been to put an end to unfair prices, fake tickets, unclear customer services, and unreliable sellers.”

Tristan Torres Velat, VP Global Sales at Mangopay, said: “The opportunity for users to re-spend their ticket funds through our wallet technology promises an even easier way for users to buy within the platform, ultimately supporting the growth of the business around the world. Solving these types of specific needs of marketplaces and platforms is what we do best, and we look forward to an exciting partnership with Ticombo.”