The Dutch Mollie lands in Italy, for digital funds for companies | EUROtoday

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In 2004, on the age of 18, as a substitute of going to college, Adriaan Mal based Mollie. In actuality, the positioning had been energetic for 4 years to help outlets and small companies of their on-line actions. A few years after the creation of the startup, when he discovered himself having to combine a fee system throughout the website, he realized how disappointing and backward the banks’ provide by way of on-line funds was. That’s how that turned the core enterprise by Mollie who made it a pioneer of digital transactions for the online, which through the years has grown to be one of many largest fintechs in Europe, with over 250 thousand firms as prospects, current in six continental markets, with over 30 billion euros of annual transactions.

Now the Dutch firm arrives in Italy with its unified platform which now integrates on-line and offline funds designed to simplify transactions, reconciliation and fraud prevention.

«Italy is the fourth largest market in Europe for e-commerce – underlines Mollie’s CEO, Koen Köppen -, however the present options obtainable are nonetheless insufficient and the market as an entire is underserved. We have already got some Italian prospects, however this case pushed us to open a devoted department to have the ability to provide a neighborhood, environment friendly expertise, tailor-made to the wants of Italian companies and at decrease prices.”

Mollie offers a range of tailored payment solutions, including popular payment methods such as Satispay and Bancomat Pay, a fast and localized onboarding experience with Italian support and plug-in integrations with the most popular ecommerce platforms. As part of its strategy to make money management easier for companies, the Dutch fintech has expanded its offering of financial services, with the possibility of accessing financing based on all sources of income and the invoicing service for simplify the tax management of invoices.

Thanks also to the expansion into the Italian market, Mollie aims to maintain a growth rate above 30% and profitability achieved since the early years. By 2021, it had reached a unicorn valuation of $6.5 billion. «It was a very different period from the current one – continues Köppen – then the multiples for the valuation of fintech were high, now they are much lower, but on the other hand we have continued our growth in the name of profitability, therefore we maintain a reasonable valuation . In any case, for the moment we have no plans for new rounds of financing, we have the resources to continue on our own.”