By Aisling Finn on Tuesday 8 September 2020
The latest injection of cash takes the total raised to date by the fintech to €115m.
The round takes the total raised by the fintech to €115m to date and will be used to fund Mollie’s international expansion as well as bolster its product offering and engineering team.
“This ‘growth mindset’ is essential to the ongoing success of all companies in the new normal.”
This year, Mollie expects to process over €10bn in transactions, double the amount it processed last year and has seen significant growth across Europe, particularly in Germany where it saw growth increase 1000 per cent on the year previous.
Muz Ashraf, Principal at TCV, said: "We have been tracking Mollie for some time now, and believe it has built a product that is frictionless, highly developer-friendly and very localized.”
“The proposition has resonated strongly with merchants and has catapulted Mollie to becoming a leading e-commerce payments provider in Europe."
Since its launch in 2004, Mollie has amassed nearly 100,000 merchants as users of its payment processing service, including the likes of Deliveroo, Moët & Chandon, TOMS and UNICEF.