Dutch payments startup Mollie raises another $800M at a $6.5B valuation
A payments startup whose backend was originally built by the founder while still living with his parents and bootstrapping the company is today announcing a massive round of funding that catapults it into being one of the most valuable startups in Europe. Mollie, an Amsterdam-based startup that provides a way for businesses to integrate payments into sites, documents and other services by way of an API, is today announcing that it has raised €665 million ($800 million) in an all-equity round that values the company at €5.4 billion ($6.5 billion).
Blackstone Growth (BXG) , Blackstone’s growth equity investing business, led the investment, with participation also from EQT Growth , General Atlantic , HMI Capital, Alkeon Capital, and TCV. TCV led Mollie’s breakout S eries B in September last year.
Mollie has been on a major growth tear in recent years. The company is currently on track to process some €20 billion (nearly $24 billion) in payments in 2021, up 100% on the year before when it processed around €10 billion. It currently has 120,000 monthly active merchants (versus 100,000 in 2020), and customers include the likes of Deliveroo, Unicef, Acer and Guess. It’s adding between 400 and 500 new customers each day.
