Vestas & Mangopay Tighten Their Wallet Game for Covento
Vestas, the big‑name in sustainable energy gear, has taken its partnership with the payment‑platform specialist Mangopay to a whole new level. Now, Mangopay will be the maestro behind every penny that flows through Covento—Vestas’ own B2B marketplace that’s stocking up on renewable energy spare parts.
What’s the Deal?
- Since 2021 the two have been teaming up, but now Mangopay is handling all of Covento’s payment routes, making the buying process smoother than a freshly waxed sail.
- The goal? Turn the often clunky, “you have to go through the back office” procurement into the slick, “just add to cart and buy” experience you find on your favorite B2C site.
Renewable Energy 2024‑2030 Outlook
- Market value hit an eye‑watering $1.1 trillion in 2022.
- Estimated CAGR of 16.9% from 2023 to 2030—so the market’s practically sprinting!
- Covento launched in France, Denmark, Germany, Spain, and the Netherlands, and now boasts a catalog of around 40,000 parts.
Why Marketplaces Matter
In the fragmented world of renewables, Covento’s mission is clear: stitch together the chaos into a single, connected digital journey. That means suppliers can consolidate, and buyers can tidy up those once-costly, tedious orders. Marketplaces like Covento are the secret sauce for transparency and speed.
- Since 2015, global B2B marketplace adoption has exploded 8.6‑fold.
Enterprise value of these platforms sits around $214 billion. - What customers want? A seamless purchasing adventure that feels as familiar as shopping at Amazon—every touchpoint, from catalog to checkout, smooth and intuitive.
Turning the Payment Dance into a Smooth Groove
Covento’s toughest challenge is giving buyers a hassle‑free experience: easy reconciliation, refunds without drama, and dispute handling that’s as clear as a sunny rooftop. Using e‑wallet tech, their system can route funds, tweak payouts based on custom rules, and keep everything in sync for both sides of the deal.
Mangopay’s pay‑in solution guarantees a secure checkout for users, so no one has to worry about money getting lost in the shuffle.
Voices from the Front
Casper Algren, Covento’s CCO says: “We’re aiming to be the go‑to B2B marketplace for renewables. The payment side is key—thanks to Mangopay, we’re unlocking fresh capabilities that will help us scale globally.”
Romain Mazeries, Mangopay CEO adds: “Covento is a shining example of a platform thriving in a booming renewable market. B2B payments are the heart of this ecosystem, and we’re proud to help them reach industry‑leading status.”
What’s Next?
This deepened partnership marks a milestone for Covento, solidifying its spot as a major marketplace for renewable parts and services. With Mangopay’s tech backing Vestas’ global reach, the future looks bright—sun‑powered, of course.
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