Dutch payment firm Mollie has received $800m (€665m) in a Series C funding round led by funds managed by Blackstone Growth (BXG).
The round brings Mollie’s valuation to $6.5bn, making it one of the top five most valuable privately-held fintechs in Europe, and one of the top 20 globally.
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By GlobalDataEQT Growth, General Atlantic, HMI Capital and Alkeon Capital, along with TCV that led the firm’s $106m Series B investment last September, joined the latest fundraising.
Launched in 2004, Mollie is said to serve over 120,000 monthly active merchants of all sizes across Europe.
The firm processed more than €10bn in transactions last year and is expecting to double this figure during the current year.
Mollie, which has raked in over $940m in capital to date, counts Gymshark, Deliveroo, Wickey and Otrium among its clients.
Expansion and Growth
The latest funding round will accelerate Mollie’s efforts for international expansion.
In February this year, the firm expanded into to the UK market to allow local merchants to carry out their business across Europe.
Mollie is currently evaluating additional countries for expansion both in Europe and globally.
The fresh capital will help Mollie bolster its team and support the continued investment in product and engineering.
Mollie, which currently has around 480 employees, is planning to hire 300 new employees in the next six-to-nine months.
The firm also plans to ramp up investment in its technology platform and expand its product portfolio beyond payments into financial services for SMEs.
Comments
Mollie CEO Shane Happach said: “There’s something very special about Mollie. In the three months since I joined the team we’ve achieved so much: making preparations for a full launch in the UK, driving 600% growth in Germany and hiring an impressive set of team members and executives.
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.”
Blackstone Growth European investing head Paul Morrissey added: “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.
“This investment underlines Blackstone’s confidence in Europe as a place for high-growth companies to thrive.”
