Holiday rental platform Travelnest has selected Mangopay, the wallet infrastructure provider, to optimise its end-to-end payment process, improving efficiency and reducing costs for the platform.
Through the new partnership, Mangopay will provide payment integration, including multi-currency support, to meet the requirements of Travelnest. The solution will optimise the flow of funds from both booking platforms and guests, improving efficiency for the holiday rental platform and reducing costs.
Chris Brooks, CFO at Travelnest, commented: “Simplifying and streamlining the payment process forms a key part of the service we provide, and Mangopay has provided us with a solution that creates efficiencies and reduces costs.”
Founded in 2015, Edinburgh-based Travelnest streamlines holiday rental listings, bookings, and payments for property owners by connecting them with over 30 global booking sites. The platform improves occupancy rates for holiday rental properties by automating marketing and increasing exposure on global booking sites such as Airbnb, Booking.com, and Expedia while reducing the administration burden for property owners.
With its wallet infrastructure, Mangopay’s wallet and end-to-end payment infrastructure cover everything from pay-ins to payouts, all secured by AI-driven fraud prevention. Platforms can also build engaged communities where users manage their money securely in one place, creating new revenue opportunities through wallet-facilitated transactions.
“We love working closely with clients to create innovative solutions that meet their specific needs. The flexibility of Mangopay’s solution means we are able to manage complex payment flows for Travelnest as they connect thousands of property owners with multiple booking platforms,” explained Alex Taylor, head of sales at Mangopay. “Our technology is perfectly suited to fast-growth businesses in the travel and hospitality industry, and we look forward to playing a supporting role in Travelnest’s impressive growth story.”
