HomeBankingDutch paytech Mollie receives UK payment institution licence from the FCA

Dutch paytech Mollie receives UK payment institution licence from the FCA

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  • 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.
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