Friday Fundings: Mollie, Transmit, and GOAT

Online Payments Company Secures $800 Million in Funding

Mollie, an Amsterdam-based payments startup, recently raised $800 million in funding. The company is now valued at $6.5 billion, making it one of the most valuable startups in Europe. Blackstone Growth led the round with participation from EQT Growth, General Atlantic, HMI Capital, Alkeon Capital, and TCV.

Mollie helps businesses integrate payments into websites and documents via API. Its customers include Deliveroo, UNICEF, Acer (ACER), and other large organizations. The startup is on track to handle almost $24 billion in payments in 2021, which represents 100% year-over-year growth. Demand for Mollie’s services surged during the pandemic. Now, many analysts expect that businesses’ dependence on ecommerce is here to stay, which will mean more growth for Mollie.

Biometric Security Company Raises $543 Million

Transmit Security has raked in $543 million in a Series A funding round—the largest Series A round in cybersecurity history. The company is now valued at $2.2 billion. Insight Partners and General Atlantic led the round.

Transmit Security is a startup which helps businesses integrate biometric authentication technology into their systems. By using facial recognition or fingerprints, companies can allow users to sign into sites without passwords. This improves user experience as well as security. Transmit plans to use the funding to expand its primary business functions and to grow its footprint globally.

GOAT Group Rakes in $195 Million

GOAT Group has raised $195 million in a late-stage funding round. This more than doubled the online sneaker marketplace’s valuation to $3.7 billion. Park West Asset Management led the round.

Founded in 2015, GOAT serves over 30 million customers in 170 countries. Its gross merchandise value over the past year, representing the total volume of goods sold, was $2 billion. With the fresh funding, the company plans to increase its sneaker offerings and grow its apparel and accessories business. It also has plans to expand in China and Japan.

Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Adviser
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.
SOSS21062503