Mollie has signed an agreement to acquire GoCardless, a UK-based bank payment company that offers solutions for businesses to collect recurring and one-off payments directly from customer bank accounts using direct debit and open banking. The terms of the deal were not revealed, but reports indicate GoCardless is being acquired for $1.5 billion.
Mollie is an online and in-person payments and financing platform that operates across 30+ European markets and the UK.
The combination is said to be a highly complementary merger in both product and geography. The two firms will now serve over 350,000 businesses with a single solution.
Koen Köppen, CEO of Mollie, said their mission is to make money management effortless, and GoCardless has built the definitive solution to optimize payments and transfers 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.”
Hiroki Takeuchi, co-founder and CEO of GoCardless, said they are excited to join forces with Mollie.
“This deal brings together two highly complementary businesses that have built best-in-class products across Europe and beyond. By combining our expertise in card, bank, and hyperlocal payments into one provider, we can better serve our customers, accelerate growth, and raise the bar for the industry. It’s a win for European fintech, and we’re confident that the new company will be greater than the sum of its parts.”
Mollie and GoCardless predict the combination will deliver a “payments powerhouse” providing “access to an unmatched suite of tools from a single partner,” in a fragmented sector.
GoCardless, founded in 2011 in London, was valued at $2.1 billion as of February 2022. The company reported £126.8 million in revenue and a net loss of £35.1 million for the fiscal year 2024.
In 2024, Mollie reported solid financial performance with €214 million in revenue (a 28% increase) and achieved positive EBITDA for the first time since 2018.
The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to be finalized in mid-2026.