Mollie, a Dutch payments company, has been valued at over €1bn.
In Brief:
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This follows its Series B funding round.
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The round was led by TCV.
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Mollie was founded back in 2004 and mainly operates in the Netherlands, Belgium and Germany.
What does this mean?
The payments market is often seen as the most crowded in FinTech but Mollie’s success proves there will always be a need for these kind of solutions. Part of its offering involves a focus on SME customers which still remain underserved in Europe.
