Dutch payments startup raised over 650M in a Series C funding round

With the money, the company wants to expand further and scale its team

Dutch

Dutch payments startup raised over 650M in a Series C funding round. Source: pexels.com

According to Ecommerce News, Mollie has raised €665 million in a Series C funding round. The payment service provider has raised a total of over €780 million to date.

It was a good year for Mollie. In 2020, the payment service provider processed more than €10 billion in transactions and it’s already on track to handle double of it during this year. The company currently serves more than 120,000 monthly active merchants across Europe.

The round was led by funds managed by Blackstone Growth and included EQT Growth, General Atlantic, HMI Capital and Alkeon Capital. TCV who led the Series B investment in September last year also participated.

With this funding round completed, Mollie is now valued at €5.4 billion. CBInsights data suggests this makes the Dutch company now one of the top five most valuable privately-held fintechs in Europe and one of the top twenty in the world.

In the three months since I joined the team we have 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
Shane Happach, Mollie CEO 

We’ve reported that Brits intend to spend over £1B on technology repairs post-lockdown.

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