Total amount raised
$928 Million
Latest funding date
6/1/2021
Location
Mollie has successfully raised funds through three distinct funding rounds, with significant backing from investors such as TCV, General Atlantic, and Blackstone Group. The latest funding round was a Series C, involving six investors, further solidifying Mollie's position in the financial technology sector.
Keep reading to explore the intricacies of Mollie's fundraising journey and the investors backing this innovative platform.
What Is Mollie?
Mollie is a financial technology company based in Amsterdam, Noord-Holland, The Netherlands. The company specializes in simplifying the integration of payments into websites and apps, serving industries such as E-Commerce, Financial Services, FinTech, and Mobile Payments.
Founded with the mission to make payments and money management effortless for businesses, Mollie has grown to employ between 501-1000 people. The company offers a wide range of services, including online and in-person payment solutions, subscription management, and fraud prevention tools.
How Much Funding Has Mollie Raised?
- Series A
- Amount Raised: $28,000,000
- Date: July 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development of the platform.
- Series B
- Amount Raised: $106,000,000
- Date: September 2020
- Lead Investors: TCV
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To scale operations and enhance market presence.
- Series C
- Amount Raised: $800,000,000
- Date: June 2021
- Lead Investors: Blackstone Group
- Valuation at Round: $6.5 billion
- Motivation Behind the Round: To accelerate international expansion, scale the team, and invest in product and engineering.
Total Amount Raised: $934,000,000. Current Valuation: $6.5 billion.
Key Investors
- Blackstone Group
- Details: Blackstone Group is a leading global investment business investing capital on behalf of pension funds, large institutions, and individuals.
- Investment Focus Areas: Private equity, real estate, hedge fund solutions, credit
- Notable Investments: Hilton Worldwide, Refinitiv, Bumble
- TCV
- Details: TCV is a leading provider of capital to growth-stage private and public companies in the technology industry.
- Investment Focus Areas: Internet, software, fintech, healthcare IT
- Notable Investments: Netflix, Facebook, Spotify
- General Atlantic
- Details: General Atlantic is a global growth equity firm that provides capital and strategic support for growth companies.
- Investment Focus Areas: Technology, financial services, healthcare, consumer
- Notable Investments: Airbnb, Alibaba, Uber
- EQT Growth
- Details: EQT Growth is a growth equity firm that invests in high-growth companies across various sectors.
- Investment Focus Areas: Technology, healthcare, various sectors
- Notable Investments: Epidemic Sound, Wolt, Vinted
- Alkeon Capital
- Details: Alkeon Capital is a global investment management firm focused on technology and growth investments.
- Investment Focus Areas: Technology, growth investments
- Notable Investments: Spotify, Pinterest, Alibaba
What's Next for Mollie?
Mollie stands at the cusp of significant growth opportunities, driven by its plans to expand beyond Europe and diversify its product offerings. The company aims to build related services around payments, such as working capital for small businesses, card issuing, and business banking. With the digital transaction market booming, Mollie is well-positioned to capture a larger share of the market.
Future fundraising opportunities appear promising, given the strong backing from major investors like Blackstone Growth and General Atlantic. This financial support could enable Mollie to scale its operations and explore new markets. However, the company will need to navigate intense competition from established players like Stripe and PayPal, as well as regulatory challenges in different regions.
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