Dutch payments startup Mollie raises $106M at $1B+ valuation – TechCrunch

E-commerce has seen a huge jump in the last eight months, driven by consumers shopping more for goods online while spending more time at home during the COVID-19 Today, a payments startup out of Amsterdam that has itself seen a surge of growth this year as a result of that is announcing a…

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Mollie has been around since 2004 and this is only the second time it’s raised funding — the first was a €25 million round a year ago — which is possibly one reason why it has not been much on the startup radar. “It built the backend and front end by myself when I still lived with my parents,” Mol said. “It’s the Dutch way.

And it has been profitable for a number of years at this point. “We are on the right side of efficiency,” Mol said — Mollie is his nickname among friends. “But we need to invest in new products to stay competitive.

That — alongside the growth rate of a very profitable and efficient company — was part of what attracted TCV. “The ease of use point is really critical,” said John Doran, a partner at TCV. “It’s so easy that a kid could use it.

Mol first came upon the idea of building Mollie when he was integrating a payments service into MessageBird, his previous startup, which provides API-based messaging services (think of it as Europe’s answer to Twilio).

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