Dutch payments giant Mollie expands into lending with Mollie Capital launch

Businesses in the Netherlands and Belgium will soon be able to apply for a merchant cash advance of up to €250,000 via their payments provider Mollie.

The launch is part of Mollie’s move to become a fully integrated business financing service, branching out from only offering payments.

New lending products will debut and be managed by Mollie Capital, a new financial services arm of the Amsterdam-based fintech.

Shane Happach, CEO of Mollie said the launch of Mollie Capital: “marks our first step towards becoming a financial services provider, whilst aligning with our goal to help small- and medium-sized merchants compete.”

“At Mollie, we believe in SMEs' success and want to help them grow. With lengthy, cumbersome requirements to get financing, SMEs have been continually underserved by the big banks. Mollie Capital will ensure they can access fast, flexible and easy funding that they need to flourish.”

Because Mollie already has sales data on its customers, it can easily assess affordability and SMEs can request funding in just a few clicks with cash arriving on the same day.

Repayments are then automatically taken as a portion of daily sales, plus a one-time fixed fee is charged.