Mollie scores UK Payment Institution licence
Mollie says it is taking a "major step" in solidifying its position in the UK market, nearly three years on from its launch in the country
Dutch payments giant Mollie has been granted a payment institution licence in the UK by the Financial Conduct Authority (FCA).
Mollie launched in the UK in early 2021 ahead of its blockbuster $800m Series C funding round, bringing its disruptive payment processing services to merchants, many of whom e-commerce platforms, operating both domestically and for those expanding internationally.
It did so via the temporary permissions regime for EU-based financial services firms, a regime launched following Brexit.
"Receiving our Payment Institution licence from the FCA is a huge milestone, and one that speaks volumes about our dedication to empower merchants with best in class products,” said Koen Köppen, CEO, Mollie.
“As a company, this licence opens new avenues for growth and collaboration, as well as providing a strong foothold in the dynamic UK market. We’re excited to continue to shape the future of payments in the UK.”
Mollie says it has bold plans for its UK business with plans to offer fully integrated business financing services and additional payment solutions to merchants.