Payment service provider Mollie raises EUR 90 million in Series B funding

Mollie has closed a EUR90 million Series B funding round, taking the total amount raised by the company to EUR115 million. The round was led by TCV, a growth equity investor focused on technology.

Mollie will use the funding to accelerate international expansion and invest in product and engineering.

Launched in 2004, Mollie is one of the largest payment service providers (PSPs) in Europe, serving nearly 100,000 merchants across the continent. It expects to process over 10 billion Euro transaction volume this year.

“TCV’s portfolio includes many household names including Netflix, Facebook, Spotify and Revolut. This funding represents a huge endorsement of our business, our technology and our efforts to offer the best payment solutions that add value and help merchants unlock growth,” said Adriaan Mol, founder of Mollie.

“It’s a challenging time for merchants across Europe, but it’s exciting to see so many of our customers tackle these challenges head-on. This ‘growth mindset’ is essential to the ongoing success of all companies in the new normal,” he added.

“We have been tracking Mollie for some time now, and believe it has built a product that is frictionless, highly developer-friendly and very localised. We are delighted to partner with Adriaan and the team and are excited for the journey ahead,” added Muz Ashraf, Principal at TCV.