Tuesday 22 September 2020

US investor puts €90m into Amsterdam payments company Mollie

Photo: Depositphotos.com

Amsterdam-based payment system company Mollie is now the second best financed financial technology company in the Netherlands, following a €90m investment by US company TCV, the Financieele Dagblad said on Tuesday.

Mollie now claims a value of over €1bn, putting it in the unicorn category of new companies alongside Adyen, the paper said.

TCV, which has money in both Netflix and Airbnb, has taken a minority stake in Mollie, founder Adriaan Mol told the FD.

The company, founded in 2015, operates as a bridge between webshops, charities and banks and processes transactions worth some €10bn a year. DutchNews.nl uses Mollie to process its donations.

The company only brought in its first outside investors last year and has since moved into Germany and France. Mollie plans to use the new investment to move into more countries.

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