Dutch fintech Mollie raises $800m in Series C round
Payment service provider Mollie has landed $800m in a Series C funding round led by Blackstone Growth (BXG).
This latest investment takes the total amount raised by the company to over $940 million.
The round values Mollie at $6.5 billion, making the firm one of the top five most valuable privately held fintechs in Europe, and one of the top 20 in the world.
Mollie says the funding will be used to fuel its international expansion, scale its team and technology development.
“Over the past months, Mollie has been receiving a remarkable amount of interest from some of the world’s foremost fintech investors,” says Shane Happach, CEO of Mollie.
“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.”
The funding round also included participation by EQT Growth, General Atlantic, HMI Capital and Alkeon Capital. TCV, who led the Series B investment in September 2020, also participated.
Launched in 2004, Mollie serves more than 120,000 monthly active merchants of all sizes across Europe, including Deliveroo, Gymshark, Wickey and Otrium.
The company claims it processed more than €10 billion in transactions last year and is on track to handle more than €20 billion during 2021.
Paul Morrissey, who leads European investing for Blackstone Growth, says: “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.”