Mangopay appoints Ronen Benchetrit as CTO

European payments solutions provider Mangopay has appointed Ronen Benchetrit as its new chief technology officer (CTO).

Benchetrit joins the executive committee with three decades of experience, most recently at dating app Bumble, where he also served as CTO, having previously served in the same role at Zopa.

Mangopay said the new appointment underlines its “strong commitment to innovation” and that Benchetrit will be responsible for taking the company into the next stage of its “technology challenge”.

“The platform economy is booming. Platforms have become an essential driver for e-commerce growth, as it brings so many benefits for both buyers and sellers,” Benchetrit said.

“Mastering payments at scale in this field is complex yet key to all platforms. Compounded with the business growth, this creates an exciting tech journey for our tech team, and I’m thrilled to join MANGOPAY at such a key moment in its evolution.” 

Benchetrit will help to build a “modern, resilient and scalable tech” following Mangopay’sacquisition by private equity software and fintech investor, Advent International.

According to Mangopay, Benchetrit will “strategise and execute” the tech evolution for the company to support business growth, which will include doubling the team over the next 24 months across all departments.

“Ronen’s experience will be game changing to accelerate our growth,” Mangopau CEO Romain Mazeries said.

“In the last couple of months, Ronen is already driving the company’s global technology strategy by fostering a strong engineering culture as well as by providing technical leadership across all areas of the business.” 

Benchetrit joins Luke Trayfoot on the executive team, who joined Mangopay from PayPal as the fintech’s first chief revenue officer in May.