BNP Paribas and 321founded partner to launch marketplace payment management fintech Panto

BNP Paribas, the French banking group, has partnered with start-up builder 321founded to launch Panto, a fintech offering a payment management solution for marketplaces.
Panto, based in Paris, will initially cater to European B2C e-commerce firms and provide a full-service payment platform through API integrations.
The core features of Panto’s suite include cash-in capabilities, multiple payment acceptance methods, and cash-out features for automatic payment redistribution between marketplaces and third-party sellers.
The platform will also offer management tools, including automated Know Your Customer (KYC) processes and AI-powered fraud management.
Panto is set to launch commercially in the first half of 2024 and will be led by CEO Guillaume Massis, who co-founded the Banking-as-a-Service (BaaS) platform Ditto Services in 2018.
The beta version of Panto’s solution was developed in just six months, and the fintech is now focused on a dynamic commercial launch.
BNP Paribas aims to leverage the platformization of commerce by supporting the launch of Panto to compete in Europe’s competitive marketplace payment ecosystem.
While awaiting approval as a payments institution, Panto will operate as an agent of BNP Paribas and may later expand its services to the European B2B and C2C markets.