Mangopay has appointed Ariel Shoham, formerly a product lead at Meta, as its Vice President of Risk Product, marking a significant development in the company’s trajectory.
Ariel Shoham, VP of Risk Product at Mangopay. In his new role, Shoham will lead the strategic vision, strategy, and roadmap for identity and fraud protection, including cybersecurity solutions, at the European payment infrastructure provider.
Operating under the ownership of private equity investor Advent International since its acquisition for €75 million in 2022, Mangopay specializes in providing payment technology and identity verification services to marketplaces and platforms.
The company has been proactive in enhancing its security offerings, evident from its acquisitions of Nethone and WhenThen in 2023. Nethone brought marketplace-specific anti-fraud solutions, while WhenThen contributed payment acceptance technology to Mangopay’s portfolio.
Mangopay sees Shoham’s appointment as timely, aligning with its growth trajectory. It plans to expand its fraud prevention solutions and broaden the reach of its platforms for both B2C and B2B markets.
Shoham joins Mangopay from Meta, where he served as a product lead for over two years, playing a pivotal role in establishing the KYC team and financial compliance platform. His extensive technology experience also includes leadership roles at US-based fraud prevention firm Forter and co-founding Smart Sparrow, an interactive learning technology startup acquired by Pearson in 2020.
In his new capacity, Shoham aims to integrate payment facilitation and fraud prevention to enhance decision-making, safety, and user experience for Mangopay’s clients.
Source: fintechfutures.com
