London, 22 June 2021 – Mollie, one of the fastest-growing payment processors in Europe, has become the third most valuable privately-held fintech in the region as it nails down a $6.5 billion valuation in its recent fundraising. Mollie raised $800 million (€665 million) in its Series C, an all-equity funding round.
The fundraising was led by Blackstone Growth (BXG), Blackstone’s growth equity investing business, with participation also from EQT Growth, General Atlantic, HMI Capital, Alkeon Capital and TCV. TCV led Mollie’s breakout Series B in September last year.
TCV led Mollie’s breakout Series B in September last year, under the leadership of Mollie’s former CEO, Gaston Aussems, who is also an expert on CFTE’s Payments in Digital Finance course. He played a big part in turning the company into one of the fastest-growing fintechs and leading it into the fintech-unicorn club, following which he parted ways with the booming company.
Mollie’s current CEO, Shane Happach says,“There’s something very special about Mollie. In the three months since I joined the team we’ve achieved so much: making preparations for a full launch in the UK, driving 600% growth in Germany and hiring an impressive set of team members and executives,” He added, “Over the past months, Mollie has been receiving a remarkable amount of interest from some of the world’s foremost fintech investors. In bringing on BXG, we believe we have an investor who can help Mollie in our next phase of growth. The involvement of our new group of investors demonstrates confidence in Mollie’s growth, strategy and product set.”
Mollie has been on a major growth tear in recent years. The company is on track to process €20 billion ($24 billion in payments in 2021, up 100% on the year before. 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.