With its tech-forward products, highly-differentiated features, and a uniquely localized offering, Mollie is disrupting the European payments sector.
Mollie is one of the leading PSPs in Europe, serving more than 120,000 active merchants across the continent and employing an international team of nearly 500 professionals. Headquartered in Amsterdam, Mollie facilitates online payments acceptance for companies of all sizes across Europe. Mollie’s strong growth has been driven by its tech-forward product which is extremely user-friendly and has strong local payment method capabilities, a developer-friendly architecture, and out-of-the-box integrations with key small and medium enterprise (SME) business operations platforms.
Market trends and Drivers
Mollie’s addressable market has experienced strong growth in recent years as a result of consumers shifting their consumption patterns online, driving a rapid increase in e-commerce and electronic payments adoption. This growth has been especially pronounced in the historically underserved European SME online payments market, which in many countries remains dominated by legacy incumbents with ill-equipped technology offerings and therefore offers very attractive expansion opportunities for Mollie.
EQT Growth will leverage its deep networks in local European markets to help drive Mollie’s accelerated international expansion, including leveraging strong in-house digital marketing and technology teams to help fuel further growth. It will also employ its unique experience in scaling innovative, international fintechs - including Banking Circle, Bought By Many, Vault and VBill - as Mollie continues its journey to becoming Europe’s leading SME payments platform.
Find out more about the investment on EQT Growth’s Medium.