Amsterdam-based scale-up Mollie has recently raised €665 million ($800 million) in a new funding round, valuing the payment atozmp3 processing firm at €5.4 billion ($6.5 billion). The Series C funding round was led by Blackstone Growth and included investment from EQT Growth, General Atlantic, HMI Capital, and Alkeon Capital.
Mollie offers a payment processing platform that allows businesses of all sizes to accept online payments, including credit card transactions, PayPal, Apple Pay, and other digital wallets. The platform is easy to use and offers a wide range of payment options, making it a popular choice for businesses toonily across Europe.
Founded in 2004, Mollie has grown rapidly in recent years, with its revenue increasing by 100% in 2020 alone. The company now processes over €10 billion in payments annually and has over 120,000 active customers across Europe. Mollie’s customer base includes both small businesses and larger enterprises, including well-known brands such as Deliveroo, Unicef, and Acer.
Mollie plans to use the new funding to masstamilanfree expand its platform and accelerate its growth in new markets. The company is particularly focused on expanding into the UK and Ireland, where it sees significant growth potential. Mollie also plans to invest in new products and services, including payment-related software and financial services.
The funding round comes at a time when the digital payments market is rapidly expanding. The COVID-19 pandemic has masstamilan accelerated the shift towards online payments, as more consumers have turned to e-commerce and contactless payments. This trend is likely to continue in the post-pandemic era, as consumers become increasingly comfortable with digital payments.
Mollie’s platform is well-positioned to capitalize on this trend, as it offers a seamless payment experience for both businesses and consumers. The company’s focus on user experience and innovation has helped it to establish a loyal customer base and attract new customers.
The new funding will also help Mollie to compete with other payment processing firms, including Stripe and Adyen, which have both seen significant growth in recent years. Stripe, for example, is valued at over $95 billion, while Adyen has a market capitalization of over €70 billion ($84 billion).
However, Mollie’s focus on the European market sets it apart from these companies, which have a more global reach. Mollie’s platform is tailored specifically to the needs of European businesses, with support for multiple languages and currencies. This has helped the company to establish a strong presence in Europe and build relationships with local businesses.
Mollie’s success also reflects the growing justprintcard importance of fintech in Europe. The region has seen a surge in fintech investment in recent years, with European fintech firms raising a record €10.4 billion ($12.5 billion) in 2020. This trend is likely to continue as more businesses and consumers turn to digital payments and financial services.