Dutch Payments Provider Mollie Raises US$800 Million In Series C Funding Round
by Fintechnews Switzerland June 23, 2021Mollie, a Netherlands-based payment service provider, announced the closing of US$800 million in a Series C funding round.
This takes the total amount raised by the company to over US$940 million, pushing its valuation to US$6.5 billion.
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.
Mollie has around 480 employees and plans to hire 300 new team members in the next six-to-nine months.
Additionally, the firm 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.
Launched in 2004, Mollie 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.
Shane Happach
“Over the past months, Mollie has been receiving a remarkable amount of interest from some of the world’s foremost fintech investors. In bringing on BXG, we believe we have an investor who can help Mollie in our next phase of growth.
The involvement of our new group of investors demonstrates confidence in Mollie’s growth, strategy and product set.”
said Shane Happach, CEO, Mollie.
Featured image: Mollie Team
