Decade-old Dutch payments startup raises €25 million

July 3, 2019 | FinTech

Amsterdam-based payment service Mollie finally avails funding

A group of technology and payment entrepreneurs has seized the opportunity to invest in a pioneering online payments service that was founded over a decade ago.

Founder Adriaan Mol started Mollie, an online payments service, in 2006, and it now serves more than 65,000 businesses in Europe through a home-grown, cloud-based platform.

This is the first time Mol has availed external funding.

The funding imperative…explained

“Until now we have been successfully bootstrapping our business,” says Mol on the Mollie website.”In order to build the next generation and increasingly complex products even faster we need more capital to make our dreams come true.”

Mollie is firmly focused on making life easier for the SMB customer by providing an easy-to-use (“effortless”) payment solution. The funds raised would be used to develop innovative financial products for this class of entrepreneurs, which has mostly been ignored by the banking industry.

Mollie boasts of an annual transaction volume of over €5 billion.

In 2018, Adriaan Mol won the LOEY Award for the best online entrepreneur of the Netherlands.

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