Dutch payment processing firm Mollie makes it easier for UK firms to crack Europe

Payment processing firm Mollie has now made it even easier for UK firms to set up shop in Europe.

The fintech has expanded to allow its UK customers to add EU payment methods into their online checkouts, giving them the ability to tap into new markets across Europe.

As Mollie solidifies its position in the UK, the payments firm has also appointed a new head of UK to help lead the business, Josh Guthrie.

Guthrie will spearhead Mollie’s operations here in the UK and will help SMEs navigate post-Brexit European expansion.

Of the problems SMEs face in a post-Brexit Britain, Guthrie said: “Overnight, the Brexit deal has made doing business with the EU so difficult for UK companies. Challenges include tariffs and unexpected delivery fees that make goods more expensive, and country of origin rules that have impacted logistics and shipping.”

“Establishing a presence quickly and efficiently is vital for reaching a wider addressable market, at a time when UK retail needs it most.”

Through Mollie’s partnerships, with the likes of Klarna and Magneto, UK companies can provide real competition for their European neighbours and trade in the Eurozone easily.

Mollie’s deepening presence in the UK comes after the Dutch payment processing firm raised €90m from TCV, an investor in Spotify, Revolut, Netflix, and South American digital bank Nubank.

Since its launch in 2004, Mollie has amassed over 110,000 merchants across Europe, including Deliveroo, Moët & Chandon, GymShark and UNICEF.