Mollie addresses its new offer to European marketplaces

Dutch PSP, Mollie has established itself as a Unicorn with online payment solutions for e-retailers. The FinTech is now continuing to enrich its offerings by presenting a new product adapted to the specific needs of SaaS companies and marketplaces. It is thus opening new doors in a competitive market.

FACTS

• Mollie's new offering has been named "Connect for Platforms". In addition to its payment brick, it now includes a flow management service specifically designed to meet the needs of marketplaces.

• Mollie also offers an optimised KYC module capable of verifying both the marketplace and the sellers.

• "Connect for Platforms" is based on a low-code integration mode that is easy to set up, as well as on APIs that allow the solution to be customised as much as possible according to the needs of its target.

• Mollie is announcing this launch at the same time as its first customer sign-ups for "Connect for Platforms". The European parking operator Q-park is one of these customers, which allows Mollie to justify the relevance of its offer, including for international players.

CHALLENGES

• Gaining a new status: The launch of this new service allows Mollie to gain a new status as a payment service provider for marketplaces and not only for e-retailers. This is especially true given that this market is growing rapidly. Last year, the French SaaS specialist Mirakl published the 2021 edition of its "Enterprise Marketplace Index". Its main finding was that marketplaces will see an 81% growth in their business volume worldwide in 2020.

• Opening up the target to the maximum: Thanks to the Low Code, the simplicity of integration of the solution proposed by Mollie allows it to address major marketplaces as well as small players in the making. Mollie's objective is to establish itself by covering the entire market.

• Focus on all-inclusive support: With these two major KYC and API tools, Mollie also stands out by offering a personalised and comprehensive approach for all marketplaces.

MARKET PERSPECTIVE

• Mollie confirms its high ambitions for its development. Its coverage of all needs, including those of small marketplaces in the making, could help it to impose itself despite the strong competition that exists on this market.

• Stripe thus remains an international reference while this payment giant enriched its services to marketplaces via its Stripe Connect offer in 2017.