Mollie Hits €115M Profit After 30% Rise, Aims for Full European Presence by 2026
Hey FinTech Fanatic!
The Amsterdam-based FinTech Mollie has published its 2024 results, showing strong momentum. Revenue reached €214 million, up 28% from last year. Gross profit rose 30% to €115 million, and for the first time since 2018, the company turned a positive EBITDA.
This shift was not accidental. Throughout the year, Mollie doubled down on product development and selective market entries. From launching Tap to Pay and Mollie Invoicing to expanding Mollie Connect, its integrated payments solution, the FinTech laid the groundwork for broader monetization across Europe’s platform economy.
Mollie Capital and in-person payments helped push merchant growth faster. 60% faster than others. And while products scaled, operating costs stayed flat. The company is growing, but keeping control.
But it didn’t stop at the product. In 2024, Mollie entered Italy. This year, it has already expanded into Sweden, Poland, and Portugal. With more countries coming, the goal is to cover all of Europe within two years.
CEO Koen Köppen put it plainly: “We focus solely on initiatives that deliver direct value to [our customers]. We’ve invested more than ever in developing both new and existing products that reduce financial hassle.” Mollie now serves over 250,000 businesses — from big brands to small stalls.
Mollie also quietly secured an EMI license, further strengthening its position. If all goes as planned, the company could be present across all of Europe by 2026.
Read more global FinTech industry updates below 👇 and I'll be back with more tomorrow!
Cheers,
FINTECH NEWS
🇳🇱 Mollie's growth increases by 30% in 2024. Gross profit rose by 30% to €115 million. Revenue also saw a significant increase of 28%, reaching a total of €214 million. This growth was driven in part by a clear product focus and continued international expansion, while operating expenses remained stable throughout the year.
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BLOCKCHAIN/CRYPTO NEWS
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DONEDEAL FUNDING NEWS
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