Fintech Mollie expands UK offering

Rapidly growing fintech, Mollie has grown its UK offering and has expanded to support UK merchants looking to grow into Europe. 

The expansion means Mollie has enhanced its services available to UK companies that can integrate a number of EU payment methods into their e-commerce websites. 

It allows UK merchants to engage with new markets as they grant EU customers the choice to use their preferred payment methods, even when shopping with a UK retailer.

Mollie’s UK operations will be overseen by newly appointed Josh Guthrie, the company’s Head of UK. Josh has been assigned to run the company’s local office and lead the firm’s effort to help UK – and particularly SME – businesses navigate international expansion post-Brexit.

Guthrie stated on the growth: “Overnight, the Brexit deal has made doing business with the EU so difficult for UK companies. Challenges include tariffs and unexpected delivery fees that make goods more expensive, and country of origin rules that have impacted logistics and shipping. Establishing a presence quickly and efficiently is vital for reaching a wider addressable market, at a time when UK retail needs it most.

“With our long-standing heritage in Europe and our focus on creating localised payment experiences, Mollie is uniquely placed to help customers navigate this shift and continue to grow internationally.”

Through Mollie’s partnerships with Klarna, Magento and EU gateways, UK merchants can trade competitively in the eurozone. These strategic partnerships and high-quality integrations with established payments companies mean that brands like Gymshark and Facetheory have quickly been able to drive cross-border sales.