The Leetchi Group started life as a crowdfunding platform and when they couldn’t find a payment service that met the needs of the platform they decided to build one themselves. The success of this development was such that they ultimately spun their internal payment service off as a standalone product: MangoPay.
MangoPay is unique in that it allows for both debit card transactions and bank transfers to be automatically tracked in the system. Investments are held in an escrow account until completion of the round, and are then either transferred to the company upon successful completion or returned to the investor if the target raise is not reached.
Further, for public market transactions MangoPay allows SyndicateRoom investors to make direct investments into IPOs and Share Placings with direct transfers into their share trading accounts.