In brief: Mollie completes coverage of the European Economic Area

The Dutch financial services provider Mollie has announced a €350 million investment plan over five years to strengthen its presence throughout the European Economic Area. With its launch in Croatia and Iceland, the company is now operational in the 30 EEA countries.

Mollie's new investment programme, which excludes the Netherlands (its original market) and the United Kingdom (where it finalise the acquisition of GoCardless) must finance the development of its products, infrastructure and local teams.

The aim is to facilitate the cross-border growth of European traders by eliminating some of the complexity associated with international payments (local preferences, regulatory diversity, language constraints).

Mollie uses a strategy of hyper-localisation in each country, including local language support, access to the main local and international means of payment, processing in local currencies and accelerated registration procedures through national business registers and identification tools.

This ambition is based on an already solid foundation: more than 250,000 client companies, 12 offices in Europe, a team of more than 50 nationalities, as well as new developments planned, including a hub in Lisbon and the strengthening of the Milan, Stockholm and Warsaw locations.

From now on, companies across the EEA can access Mollie's full range of payment and financial management services, designed to make their European expansion easier and faster.

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