Dutch cost service supplier Mollie raises €90 million

Mollie, a funds startup from the Netherlands, has raised 90 million euros in a Collection B spherical led by TCV. The cost service supplier is now valuated at over 1 billion {dollars}, making it a unicorn.

It’s not the primary time Mollie has raised cash. Earlier this yr it raised 25 million euros, bringing the full of cash raised to 115 million euros.

85,000 clients in Europe

Mollie began within the Netherlands, however is now additionally rising considerably overseas. The corporate, which claims to be one of many greatest cost service suppliers in Europe, has about 85,000 clients throughout the continent. It expects to course of over 10 billion euros in transaction quantity, with represents a progress of 100 p.c in comparison with the scenario a yr in the past. In some markets like Germany it’s even rising 1,000 p.c.

In Germany, Mollie grows 1,000%.

‘Funding represents an enormous endorsement of Mollie’

Founder Adriaan van Mol, whose buddies gave him the nickname Mollie, says the recent funding represents an enormous endorsement of his enterprise. “Different PSPs are purely targeted on worth and quantity. However medium-sized retailers are discovering they want their relationship with their PSP to be greater than transactional. They want a accomplice to assist them develop, to assist them frequently optimize their enterprise – it’s an strategy that TCV acknowledges builds important long-term worth.”

Different PSPs are purely targeted on worth and quantity.

Tags The Netherlands

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