Mollie raises 665 million euros

Dutch payments startup Mollie has raised 665 million euros in a Series C funding round. The payment service provider has raised a total of over 780 million euros to date. With the money, Mollie wants to expand further and scale its team.

It was a good year for Mollie. In 2020, the payment service provider processed more than 10 billion euros in transactions and it’s already on track to handle double of it during this year. The company currently serves more than 120,000 monthly active merchants across Europe.

Mollie processed €10 billion in transactions in 2020.

The round was led by funds managed by Blackstone Growth and included EQT Growth, General Atlantic, HMI Capital and Alkeon Capital. TCV who led the Series B investment in September last year also participated.

Mollie in top 5 most valuable fintechs in Europe

With this funding round completed, Mollie is now valued at 5.4 billion euros. CBInsights data suggests this makes the Dutch company now one of the top five most valuable privately-held fintechs in Europe, and one of the top twenty in the world.

Mollie prepares a full launch in the UK.

CEO Shane Happach comments: “In the three months since I joined the team we have achieved so much: making preparations for a full launch in the UK, driving 600 percent growth in Germany and hiring an impressive set of team members and executives.” He reveals there have been a “remarkable amount of interest from some of the world’s foremost fintech investors”.

International expansion

Mollie, founded in 2004 in the Netherlands, has around 480 employees and has plans to hire 300 extra in the next six to nine months. It’s also evaluating additional countries for expansion. For this, it’s looking both within Europe and beyond.