Amsterdam-based payment services provider Mollie has launched its services in the UK to help merchants expand their businesses in Europe post-Brexit.
Mollie became a unicorn in September 2020 after it raised €90M in its series B funding round. Back then, it had started planning to expand into the UK market.
About Mollie
Founded in 2004 by Adriaan Mol, Mollie is a payments platform that offers a process for integrating payments into a site or app. The technology-based company processes payments for more than 50,000 clients with local payment methods such as Mastercard, VISA, SEPA Direct Debit, Cartes Bancaires, ESP, Giropay, Amex, PayPal, iDEAL, Bancontact, Bitcoin, SOFORT Banking and more. Its goal is to make online payment simple for merchants by taking away the complexity from payment methods and offering a simple yet powerful API. Mollie aims to develop its product and engineering division to become the “most-loved” payment service provider (PSP) in Europe.
Expansion Plan: Mollie has enhanced its services for UK firms. They can incorporate various EU payment methods into their e-commerce websites, allowing them to cover new markets. The EU customers, they will be able to use their preferred payment methods, even when shopping with a UK retailer. By partnering with Mollie, UK merchants can trade competitively in the eurozone. In order to support its UK customers, Mollie also launched a weekly newsletter for UK merchants selling cross-border, which is a compilation of key developments, case studies, best practice and useful resources on Brexit and international expansion.
Josh Guthrie has been appointed to head the UK operations. He will be helping SMEs to navigate their international expansion post-Brexit. He says, “Overnight, the Brexit deal has made doing business with the EU so difficult for UK companies. Challenges include tariffs and unexpected delivery fees that make goods more expensive, and country of origin rules that have impacted logistics and shipping. Establishing a presence quickly and efficiently is vital for reaching a wider addressable market, at a time when UK retail needs it most. With our long-standing heritage in Europe and our focus on creating localised payment experiences, Mollie is uniquely placed to help customers navigate this shift and continue to grow internationally.”
We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!
Next Story
