Mollie Series C funding round : Dutch fintech company rakes in $800m

Mollie, a European payment service provider based in the Netherlands, has secured $800 million in a Series C funding round led by funds managed by Blackstone Growth (BXG) to take its valuation to $6.5 billion.

Also taking part in Mollie Series C funding round were EQT Growth, General Atlantic, HMI Capital, and Alkeon Capital.

Paul Morrissey, who leads Blackstone Growth’s investments in Europe, commenting on Mollie Series C funding round, said: “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. We are excited to partner with Mollie’s fantastic team and look forward to leveraging Blackstone’s capital, expertise and global network to unlock the company’s next phase of growth.

“This investment underlines Blackstone’s confidence in Europe as a place for high-growth companies to thrive.”

Mollie’s Existing investor – TVC Capital participated as well in the Series C round, which follows the $100 million Series B funding round last September – led by the latter.

In July 2019, Mollie had bagged €25 million in its Series A funding round.

To date, the Dutch fintech company has raked in over $940 million in equity investments.

Mollie Series C funding round : Dutch fintech company rakes in $800m. Photo courtesy of Mollie B.V.

Mollie said that the proceeds from the new funding round will help in its global expansion, in scaling its team, and in continued investment in product and engineering.

Established in 2004, the Dutch payment service provider serves more than 120,000 monthly active merchants in Europe.

In 2020, Mollie had processed in excess of €10 billion in transactions and is said to double that this year.

The Dutch fintech company, which has about 480 employees, plans to add 300 new employees in the coming six to nine months.

Commenting on Mollie Series C funding round, Shane Happach – CEO of Mollie, 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.

“Over the past months, Mollie has been receiving a remarkable amount of interest from some of the world’s foremost fintech investors. 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.”