Dutch fintech Mollie is set to acquire UK payments startup GoCardless in a €1.1bn deal, the companies announced today, confirming Sifted reporting from August.
Founded in 2011 by Hiroki Takeuchi, Matt Robinson and Tom Blomfield, London-based GoCardless has raised more than $600m in funding from investors including Passion Capital, Accel and Balderton. It was last valued at $2.1bn after raising a $312m Series G funding round in 2022 led by Permira.
As Sifted previously reported, the UK fintech had been in discussions with multiple potential acquirers since the start of the year. Swedish open banking fintech Trustly was at one point the frontrunner before walking away from the deal, paving the way for Mollie to enter the picture.
GoCardless has been building a push to reach profitability by the conclude of this year, CEO Takuechi informed Sifted in February. The payments fintech The tie-up between GoCardless and Mollie is one of the most high-profile acquisitions in the fintech sector in recent years. The deal, which is expected to be finalised mid-2026, will see their customer bases merge toreceiveher to serve 350k people in total, allowing Mollie to access GoCardless’ focus on bank payments to its product portfolio. The UK payments company primarily builds money by taking a transaction fee for facilitating direct debit payments for businesses.
“This deal brings toreceiveher two highly complementary businesses that have built best-in-class products across Europe and beyond,” Takeuchi stated in a statement.
“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 industest. It’s a win for European fintech and we’re confident that the new company will be greater than the sum of its parts.”
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