Mollie Capital launches to provide UK merchants with fast and flexible financing.
In brief:
- Mollie, one of the fastest growing financial services providers in Europe, today announced the UK launch of Mollie Capital – a fast and flexible way for SME merchants to access funding.
- To date Mollie Capital, which is offered in conjunction with YouLend, has provided loans exceeding €50 million to over 5,000 SMEs in the Netherlands, Belgium and Germany.
- Unlike these lenders, once a merchant has been processing payments with Mollie for 90 days, they are immediately eligible to apply for funding.
What does this mean?
“Mollie Capital is our first financial service to launch in the UK – the first of many designed to eliminate financial bureaucracy for SMEs,” said Mia Hunter, Managing Director of Mollie UK. “For too long, small and mid-size UK merchants have been neglected by incumbent payment services providers, lenders and banks. They just don’t invest in the simplicity and flexibility SMEs need to manage their finances. Mollie Capital fills a critical gap in the UK market. In Europe, we have customers repeatedly using, and paying back, this new source of funding to drive impressive levels of sustainable growth.”
