One of the largest PSPs in Europe raises €90M

It is serving about 100,000 merchants across the continent

One of the largest PSPs in Europe raises €90M. Source: shutterstock.com

Mollie has announced the closing of €90 million in its Series B funding round, taking the total amount raised to €115 million.

TCV, one of the largest technology-oriented growth equity investors, led the round.

Mollie will use the funding to accelerate its cross-border expansion. The company will also invest in product and engineering, helping it to enhance its capabilities across Europe.

Mollie was launched in 2004 and is currently one of the largest PSPs in Europe. During the last year in Germany alone, the company’s processing volumes grew by 1000%.

We’ve reported that Ingenico Group, Nets Group, Nexi, and Worldline have announced the launch of an EU advocacy alliance gathering Europe’s leading independent payment services providers.

SEE ALSO:

• PSPs, processors, facilitators, gateways, aggregators: what’s the difference?
• Top 10 PSPs for high-risk business
• Payment processing explained: how it works and who participates