Mollie to acquire GoCardless from Groupay for €1.1bn.

Mollie, a Dutch payment service provider, agreed to acquire GoCardless, a technology company specialising in online payment solutions, primarily for small to medium enterprises, from Groupay, a consumer fintech application, operating in the Computer Related Consulting Services industry, for €1.1bn. "Mollie's mission has always been to make money management effortless. We were founded on the vision to eliminate financial bureaucracy for every business. We see that bureaucracy creates challenges, especially for businesses with recurring revenue. A card-only approach has its limits, leading to high costs due to failed payments and customer churn. GoCardless built the definitive solution to optimize this process with its global bank payment network. By bringing them into Mollie, we take a huge step towards fulfilling our vision and creating one complete platform for sustainable growth," Koen Köppen, Mollie CEO.