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General Atlantic Participates in Mollie’s $800 Million Funding Round
- Client News
- June 28, 2021
Paul, Weiss advised General Atlantic in its Series C investment in Mollie, one of the fastest-growing payment service providers (PSPs) in Europe. The round values Mollie at $6.5 billion which, based on CBInsights data, suggests Mollie is now one of the top-five most valuable privately held fintech companies in Europe, and one of the top 20 in the world.
Launched in 2004, Mollie is one of the largest PSPs in Europe, serving more than 120,000 monthly active merchants of all sizes across the continent. In 2020, Mollie processed more than €10 billion in transactions and is on track to handle more than €20 billion during 2021. Mollie counts Deliveroo, Gymshark, Wickey and Otrium as customers.
The Paul, Weiss team included, among others, corporate partner Matthew Abbott, intellectual property partner Claudine Meredith-Goujon, tax partner Lindsay Parks, antitrust counsel Yuni Yan Sobel and litigation counsel Steven Herzog.