Dutch payments startup Mollie has raised a €90 million Series B funding round led by Silicon Valley growth fund and Netflix-backer TCV.
"We have been growing strongly throughout the year and that has been boosted by a significant structural change in the way that consumers pay due to Covid," Ken Serdons, CCO at Mollie, told Business Insider in an interview. Europe has yet another fintech unicorn after Dutch payments startup Mollie completed a €90 million Series B funding round led by Silicon Valley growth fund and Netflix-backer TCV. The round brings Mollie's valuation above $1 billion.
Amsterdam-based Mollie is no different. Founded in 2004, the company believes it is suitably differentiated and has enjoyed strong growth during the pandemic. Mollie plays in the same front-end payments space as major US competitor Stripe with whom it competes for small and medium sized businesses across the continent and further afield. The company will use the new funding to accelerate its growth into key European markets including France and Germany and develop its product and engineering teams. The startup had been in contact with TCV,, for a number of years.
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