The Dutch startup payment processor hits unicorn status
In Brief
The latest round of financing sees the Amsterdam-based FinTech valued at $6.5bn
That makes it Europe’s third-largest FinTech unicorn according to CB Insights.
Mollie’s Series C investment round was led by Blackstone’s growth equity investing unit. EQT, General Atlantic, HMI Capital and Alkeon Capital also invested.
What does this mean?
There is fierce competition in the online payments sector but Mollie believes it can succeed by mainly focusing on transactions with small businesses in Europe. It started as a text messaging business switched to payments after trying to integrate its own system for clients to pay their invoices.
