FinTech: Dutch Fintech Mollie Scores $800M Raise In Round Led By Blackstone

June 23, 2021 | FinTech, News, Venture Capital
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The round valued Mollie at $6.5 billion.

Fast-growing Dutch payment service provider Mollie announced Tuesday its closing of a US$800 million in a Series C funding round led by Blackstone Growth. TCV who led the Series B investment in September 2020 also participated in the funding round along with EQT Growth, General Atlantic, HMI Capital and Alkeon Capital. (Mollie)

Mollie valued at $6.5B

With this round, Mollie has raised over $940 million since it was launched in 2004. It is now one of the largest payment service providers in Europe, having processed more than 10 billion Euros in transactions during 2020. During 2021, that number is set to double.

The fintech saw rapid growth both during the pandemic and the months following relaxation of lockdown restrictions across Europe. Deliveroo, Gymshark, Wickey and Otrium are all Mollie customers.

Notching a value of $6.5 billion in this round, the firm is now one of the top five most valuable privately-held fintechs in Europe, and one of the top 20 in the world.

Use of funds

Currently, the startup fintech has 480 employees and is looking to boost that number by 300 in the coming months. It will also push for expansion into more of Europe and internationally.

It also wants to further develop its technology platform and diversify into other financial services such as for SMEs.

“Mollie is one of Europe’s most exciting high-growth businesses and is at the forefront of enabling next-generation payments for online SMEs across Europe,” said Paul Morrissey, who leads European investing for Blackstone Growth.

Related Story:   Dutch Neobank bunq To Raise $190M, Acquire Lending Platform

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