How Payments Start-Up Mollie Became The Third Biggest Fintech In Europe!
How Payments Start-Up Mollie Became The Third Biggest Fintech In Europe! Mollie was a relatively little-known company before Covid-19. Now, it’s one of Europe’s biggest fintechs. The Amsterdam-based online payments processor finally became a “unicorn” valued at more than $1 billion in September, more than a decade after it was founded by Dutch entrepreneur Adriaan Mol in 2004.
On Tuesday, Mollie announced it had raised $800 million in a mega financing round valuing the company at $6.5 billion. That makes it the third-largest fintech unicorn in Europe after rival firm Checkout.com, according to CB Insights data. “I was amazed at how badly that was built by the traditional banks,” Mol told CNBC. “We created this abstraction layer to the complex systems of the banks. That was the start of our payment business.” Mollie’s latest investment round, a Series C, was led by Blackstone’s growth equity investing unit. EQT, General Atlantic, HMI Capital and Alkeon Capital also invested.
The company takes pride in being its true, unconventional selves. It believes that every person matters and it takes a transparent and critical view on the status quo. It is courageous in making tough decisions and is aware that small things can make a huge difference. It is a pioneer in the payment industry. Mollie is also one of the fastest growing payment processors within Europe and it facilitates companies of all sizes to scale and grow by using different payment methods. With the help of a simple and clear payments-API it can offer multiple payment methods in a uniform way. Its mission is to become the most-loved PSP in Europe by simplifying complex financial services. The company currently have nearly 100,000 customers in Europe and employ an international team of nearly 300 professionals. It is headquartered in Amsterdam and has offices in four other locations across Europe.
Mollie has the courage to take risks and challenge the status quo. It is not afraid to make mistakes and always strive to be the best versions of itself. It does things that are unheard of in its industry – simply because it knows they are the right things to do.
