back Back

Mollie announced plans for Lisbon Development Hub

By Joy Dumasia

July 23, 2021

  • Europe
  • Mollie
Share

Mollie, the payment service provider in Europe, announced opening a development hub in Lisbon, Portugal. The office will be home to over 100 employees by 2023 and is part of its plans to increase its product development velocity dramatically. The news comes just weeks after Mollie’s Series C round, in which it raised 665 million Euro, valuing the company at 5.4 billion Euro.

Diogo Antunes, a Senior Engineering Manager at Mollie, will manage the Lisbon Development Hub and has set some ambitious recruitment targets. Primarily focused on software engineers and product managers, by the end of 2021, Mollie expects to have hired up to 20 people. By the end of 2022, the hub will support up to 60 staff, rising to more than 100 in 2023.

Mollie works with partners like Klarna, WooCommerce and web agencies to deliver simple, reliable and stand-out products for SMEs and counts Gymshark, Lyskin and Sem Escamas customers. With the series C investment, there are plans to expand its product portfolio beyond payments into financial services for SMEs.

Marco dos Santos, CTO, Mollie, said: “Mollie is now one of the largest privately-held FinTechs in Europe, and we have firm plans to accelerate our product development to meet the evolving needs of our 120,000+ merchant customers. We are excited to come to Portugal, and Lisbon is a fantastic base for our new development hub, with thousands of highly talented software engineers and product managers in the region. Lisbon has a strong and rapidly growing technology ecosystem and boasts a number of world-class science and engineering universities. It’s also an exciting opportunity for market expansion in the future.”

Recently, IBS Intelligence reported that Mollie, the fastest-growing payment service provider in Europe, has announced the closing of US$800m (665 mn Euro) in a Series C funding round led by funds managed by Blackstone Growth (BXG), Blackstone’s growth equity investing business.

Previous Article

July 22, 2021

Thales announces the launch of a new Biometric Payment Card

Read More
Next Article

July 23, 2021

Visa signs agreement to acquire UK’s Currencycloud

Read More










IBSi Daily News Analysis

Payments, holidays, Black friday

November 29, 2022

Europe

Black Friday sales could surge £200m if payments didn’t fail, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

November 28, 2022

Moneycorp partners with BankClarity for cross-border payments

Read More

November 25, 2022

Suresh Viswanathan joins Nationwide as Chief Operating Officer

Read More

November 25, 2022

Railsr releases embedded banking dashboard, Insights

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022