Mollie has announced it is launching in Italy.

The Dutch company, which received a payment institution licence in the UK last year, provides a single platform for businesses where they can get paid and manage their money.

Mollie said that its entry into Italy marks a strategic move into the fourth-largest e-commerce market in Europe, addressing a “fast-growing segment that remains underserved by legacy payment providers.”

"This launch enables us to serve new customers in a new market while also supporting our existing customers with their cross-border plans in Italy, thanks to the hyperlocal payment methods we’ve introduced," said Mollie chief executive Koen Köppen. "As we continue to expand into new markets, our mission remains clear: to make money management effortless for every business in Europe. Expanding into Italy represents a key step toward achieving that goal."

Italian businesses will now have access to existing plug-in integrations with e-commerce platforms including Shopify, Shopware, Prestashop, Magento, and WooCommerce.

Mollie said that with an established engineering hub based in Milan, it will continue to grow the local team with commercial talent.

The business, which currently serves 250,000 businesses, plans to expand into further EU markets in the short term.

The company already has offices in Amsterdam, Ghent, Lisbon, London, Maastricht, Milan, Munich, and Paris.

The Dutch FinTech has been able to operate as a dual-licensed financial services group across multiple markets and geographies since receiving its licence from the Financial Conduct Authority (FCA) in November 2023. Mollie was previously operating under the Temporary Permissions Regime for EU-based financial services firms, which was launched following Brexit.

Earlier this year, Mollie launched a new service which gives UK SME merchants access to rapid funding.

At the time, the payment firm said that as UK SMEs are “underserved” by traditional lenders, the new service is designed to give them access to up to £250,000 without producing financial data, going through a long application process, or waiting for the funds should they be approved.

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