Mollie is now one of the top five most valuable privately-held fintechs in Europe, and one of the top 20 in the world.
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 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,” according to the press release.
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.
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.
“Mollie is one of Europe’s most exciting high-growth businesses and is at the forefront of enabling next-generation payments for online SMEs across Europe. We are excited to partner with Mollie’s fantastic team and look forward to leveraging Blackstone’s capital, expertise and global network to unlock the company’s next phase of growth,” said Paul Morrissey, who leads European investing for Blackstone Growth. “This investment underlines Blackstone’s confidence in Europe as a place for high-growth companies to thrive.”
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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.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
