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).