Mollie, one of the fastest growing financial services providers in Europe, today announced the launch of Mollie Capital, a fast and flexible way for customers to access funding. The launch marks a pivotal move into the financial services industry for Mollie and improved access to cash for SMEs.

Mollie Capital is a fully integrated business financing service. Eligible customers can apply for cash advances of up to €250,000 based on a variety of factors, including their transaction history with Mollie. They can easily request funding via the Mollie dashboard with just a few simple clicks, and in most cases, funds will be available on the same day. Repayments are automatically taken as a portion of daily sales and a fixed one-time fee is charged. 

Research has shown, including this European Central Bank study focused on access to finances for SMEs, the difficulty young and innovative firms have in accessing loans. E-commerce SMEs are being slowed down by not being able to buy inventory, fund marketing campaigns or invest in business expansion. 

Mollie Capital is an attractive alternative to traditional financing that powers Mollie customers to unlock their growth potential. It helps save time and drives efficiency with the entire funding process managed in the same platform they receive their revenue.

Shane Happach, CEO of Mollie said, “Mollie Capital is a milestone product launch for Mollie. It marks our first step towards becoming a financial services provider, whilst aligning with our goal to help small- and medium-sized merchants compete. At Mollie, we believe in SMEs' success and want to help them grow. With lengthy, cumbersome requirements to get financing, SMEs have been continually underserved by the big banks. Mollie Capital will ensure they can access fast, flexible and easy funding that they need to flourish.”

In preparation for the launch, Mollie Capital was offered to a small group of customers to enable Mollie to refine the offering. One of the first customers was Tom Kapitein at Glamour your Hair, who took advantage of the fully integrated business financing service: “Mollie Capital has transformed the way we access financing as a growing SME. With repayments automatically repaid, we don’t have to worry about scheduling or missing repayments, so we can focus our priority on growing our business.”

Mollie Capital will initially be offered to select businesses in the Netherlands and Belgium, with plans for expansion to other markets later this year.