Unicorns

Fintech in Europe, Mollie raises €665m (wow!)

Launched in 2004, Mollie is one of the largest PSPs in Europe. Today, it serves more than 120,000 monthly active merchants of all sizes across the continent. In 2020, Mollie processed more than 10 billion Euros in transactions and is on track to handle more than 20 billion Euros during 2021

23 Giu 2021

(Press release) – Mollie, one of the fastest-growing payment service providers in Europe, today announced the closing of US$800m (665 million Euro) in a Series C funding round, taking the total amount raised by the company to over US$940m (780 million Euro). The round was led by funds managed by Blackstone Growth (BXG), Blackstone’s growth equity investing business, and included EQT Growth, General Atlantic, HMI Capital and Alkeon Capital. TCV who led the Series B investment in September 2020 also participated in the funding round. The funding will fuel Mollie’s international expansion, team scaling and continued investment in product and engineering, helping the firm to realize its vision of becoming the most-loved payment service provider (PSP) in the world.

Launched in 2004, Mollie is one of the largest PSPs in Europe. Today, it serves more than 120,000 monthly active merchants of all sizes across the continent. In 2020, Mollie processed more than 10 billion Euros in transactions and is on track to handle more than 20 billion Euros during 2021. Mollie’s leading products, simple and transparent pricing and excellent customer service, alongside its no lock-in contracts, have driven rapid growth both during the pandemic and the months following relaxation of lockdown restrictions across Europe. Mollie counts Deliveroo, Gymshark, Wickey and Otrium as customers.

The round values Mollie at US$6.5bn (5.4 billion Euro) which, based on CBInsights data, suggests Mollie is now one of the top five most valuable privately-held fintechs in Europe, and one of the top 20 in the world.

Today, Mollie has around 480 employees and plans to hire 300 new team members in the next six-to-nine months. Mollie is evaluating additional countries for expansion both within Europe and beyond. Mollie also plans to continue investing in its technology platform and expanding its product portfolio beyond payments into financial services for SMEs, following the arrival of new Chief Product Officer, Rogier Schoute.

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