Dutch payment service provider Mollie raises €90 million

Dutch payment service provider Mollie raises €90 million

Mollie, a payments startup from the Netherlands, has raised 90 million euros in a Series B round led by TCV. The payment service provider is now valuated at over 1 billion dollars, making it a unicorn.

It’s not the first time Mollie has raised money. Earlier this year it raised 25 million euros, bringing the total of money raised to 115 million euros.

85,000 customers in Europe

Mollie started in the Netherlands, but is now also growing significantly abroad. The company, which claims to be one of the biggest payment service providers in Europe, has about 85,000 customers across the continent. It expects to process over 10 billion euros in transaction volume, with represents a growth of 100 percent compared to the situation a year ago. In some markets like Germany it’s even growing 1,000 percent.

In Germany, Mollie grows 1,000%.

‘Funding represents a huge endorsement of Mollie’

Founder Adriaan van Mol, whose friends gave him the nickname Mollie, says the fresh funding represents a huge endorsement of his business. “Other PSPs are purely focused on price and volume. But medium-sized merchants are finding they need their relationship with their PSP to be more than transactional. They need a partner to help them grow, to help them continually optimize their business – it’s an approach that TCV recognizes builds significant long-term value.”

Other PSPs are purely focused on price and volume.

Tags The Netherlands