Friday, November 8, 2024
10.9 C
New York

Dutch paytech Mollie receives UK payment institution licence from the FCA

  • Dutch paytech firm Mollie receives a UK payment institution license from the FCA.
  • Mollie plans to operate as a dual-licensed financial services group, expanding into multiple markets.
  • They aim to provide “fully integrated business financing services and additional payment solutions” for UK clients.
  • Mollie offers payment solutions that integrate with e-commerce platforms, enhancing local payment acceptance.
  • They partnered with open banking fintech Plaid to streamline onboarding for new merchant clients.
  • Mollie raised $800 million in a Series C funding round led by Blackstone Growth (BXG) in June 2021.
  • CEO Koen Köppen sees this licensing as a significant milestone, opening new avenues for growth and collaboration in the dynamic UK market.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

Alliant Credit Union Appoints Ken Schaafsma as Interim CEO

Alliant Credit Union in Chicago has appointed Chief...

Kaizen Secures £42M Investment to Expand Regulatory Compliance Solutions

Kaizen, a UK-based regulatory compliance solutions provider, has...

FTC Challenges Neobank Dave Over Deceptive Marketing and Hidden Fees

The Federal Trade Commission (FTC) has filed a...

Bank of New Zealand Acquires BlinkPay to Boost Open Banking Solutions

Bank of New Zealand (BNZ) has acquired Auckland-based...

FE Fundinfo Acquires Matterhorn to Enhance AIFMD Reporting Services

FE Fundinfo has acquired Matterhorn Reporting Services to...

Konsentus Chosen to Drive Open Banking API Standards for Bank of Namibia

UK-based regtech Konsentus has been selected by the...

Related Articles

Popular Categories

spot_imgspot_img