Mollie raised €90 million in a round led by TCV

Mollie, an Amsterdam, The Netherlands-based payment processor provider, announced the completion of a €90 million ($106 million) in its Series B funding round.

The money was provided by a range of investors led by TCV and will be used to accelerate international expansion and invest in product and engineering

Mollie, founded in 2004 by CEO Adriaan Mol, operates as a bridge between webshops, charities and banks and processes transactions worth €10 billion a year, mostly in the Dutch, Belgian and German markets. The company works with nearly 100,000 merchants across the Europe, doubling the processed volume year-on-year.

In the last year in Germany alone, processing volumes grew by 1000% based on what the company claims to have a best in class product with superior design and easy integration, simple and transparent pricing, no lock-in contracts and best-in-class customer service. Clients include Wickey, TOMS and UNICEF.

Prior to this round, Mollie raised €25 million in 2019.