Mollie is an Amsterdam-based payments startup that provides an API enabling businesses to integrate payments into sites, documents and services. The company has largely been profitable since its founding in 2004 and has experienced rapid growth during the pandemic. In 2021 Mollie is on track to process about €20 billion in payments, up from roughly €10 billion the year before, and serves about 120,000 monthly active merchants (versus 100,000 in 2020), adding 400–500 new customers daily. The company plans to accelerate growth by building adjacent services around payments, including working capital for small businesses, card issuing and corporate card programs, expense management and business banking, and by expanding beyond its core European markets. Mollie intends to focus on organic growth and significant hiring (planning to grow headcount from ~480 to just under 800) with investment in its commercial, product and engineering teams rather than relying on acquisitions. Management and investors see opportunity in a fragmented payments market and sustained shifts to online commerce. Mollie provides a simple, API-driven payments integration aimed primarily at small and medium businesses. It counts about 100,000 merchants, predominantly in the Netherlands, Belgium and Germany, and is on track to process more than €10 billion in transactions this year. The company reports overall transaction growth of 100% year-over-year, with Germany up 1,000%, and says it has been profitable for a number of years. Mollie differentiates via highly localized payment method support and quick, simple integrations that can boost conversion rates by roughly 7%. Management plans to build adjacent financial products for SMBs — including potential working capital, point-of-sale, card issuing and other banking services — to expand offerings and revenue. Founded in 2004 and long self-funded, Mollie has only recently begun raising outside capital to accelerate product development and international expansion.

Total raised

$899M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2021