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Latest Capital Now News

Mollie Capital Now Available For UK Startups To Get Funding

Feb 21, 2024

Mollie Capital Now Available For UK Startups To Get Funding ZeeFebruary 21, 2024 Since starting up in 2004, Mollie from Amsterdam has expanded its services far beyond just processing payments. They’ve now added Mollie Capital to their offerings, stepping into financial services to make life easier for businesses all over Europe. They work with more than 200,000 clients, offering a few payment methods like credit cards and PayPal to streamline how businesses receive money. Mollie Capital represents Mollie’s foray into business financing, offering a fast and flexible solution for accessing funds . This efficiency is unlike traditional lending processes, which can be lengthy and cumbersome. Mollie Capital stands out by charging a fixed one-time fee and allowing repayments as a percentage of daily sales, aligning repayment schedules with the merchant’s cash flow. Mollie Capital’s UK Launch The launch of Mollie Capital in the UK addresses a critical need among SME merchants for accessible funding in the country, with so many startups emerging . Traditional lenders often bog down these businesses with extensive financial documentation requirements and slow decision-making processes. Mia Hunter, Managing Director of Mollie UK, emphasizes the value of this launch, stating, “Mollie Capital is our first financial service to launch in the UK – the first of many designed to eliminate financial bureaucracy for SMEs”. She further highlights the neglect of small and mid-size UK merchants by traditional financial institutions, underscoring Mollie Capital’s potential to drive sustainable growth through its new, easy source of funding. Startups find Mollie particularly advantageous because it simplifies the funding process. “Once a merchant has been processing payments with Mollie for 90 days, they are immediately eligible to apply for funding,” Mollie states, highlighting the ease of access to financial resources. Mia Hunter, Managing Director of Mollie UK, sopoke about the service’s impact: “For too long, small and mid-size UK merchants have been neglected… Mollie Capital fills a critical gap in the UK market.” Check Eligibility: Your business should be actively using Mollie’s payment solutions for at least 90 days and be based in the UK. Apply Online: Complete the application process in about five minutes through the Mollie dashboard. Receive Fast Approval: Usually, approvals do not take long, making sure you don’t wait long to find out whether you can receive funding. Access Funds Quickly: Upon approval, funds are sent to your account within 24 hours. Flexible Repayment: Repay the loan with a fixed one-time fee, with repayments taken as a percentage of your daily sales, adjusting based on your revenue flow.

Capital Now Investments

1 Investments

Capital Now has made 1 investments. Their latest investment was in myDigitalOffice as part of their Series A on June 21, 2019.

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Capital Now Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/21/2019

Series A

myDigitalOffice

$4M

Yes

FINTOP Capital, and Undisclosed Investors

2

Date

6/21/2019

Round

Series A

Company

myDigitalOffice

Amount

$4M

New?

Yes

Co-Investors

FINTOP Capital, and Undisclosed Investors

Sources

2

Capital Now Partners & Customers

1 Partners and customers

Capital Now has 1 strategic partners and customers. Capital Now recently partnered with FinBox on January 1, 2024.

Date

Type

Business Partner

Country

News Snippet

Sources

1/16/2024

Partner

India

FinBox & Capital Now team to enhance digital onboarding and risk assessment

Gurugram and Bengaluru-based FinTech FinBox has partnered with Capital Now , a Hyderabad-based digital lender , to improve customer onboarding , in addition to supercharging bank statement analysis for risk assessment .

2

Date

1/16/2024

Type

Partner

Business Partner

Country

India

News Snippet

FinBox & Capital Now team to enhance digital onboarding and risk assessment

Gurugram and Bengaluru-based FinTech FinBox has partnered with Capital Now , a Hyderabad-based digital lender , to improve customer onboarding , in addition to supercharging bank statement analysis for risk assessment .

Sources

2

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