The Future of Finance is Integrated: Mollie launches Mollie Capital 💸; FTX acquires Voyager Digital for basically $0 🤑; Care Now, Pay Later? 🤔

FinTech is Eating the World, 28 September

Hey Everyone,

And happy Wednesday! Today’s issue is undoubtedly the most interesting one this week so far. We're looking at the Dutch payments giant Mollie that launched Mollie Capital thus indicating that the future of finance is integrated (we will also look at the list of largest SME/merchant lenders), FTX buying Voyager Digital for basically $0 (why it’s a steal + SBF again proving he’s the modern JPMorgan), and see what’s Care Now, Pay Later (are we starting to see the verticalization of BNPL?). Let’s jump straight into the awesome stuff:

The Future of Finance is Integrated: Mollie launches Mollie Capital 💸

The launch 🚀 Mollie, a Netherlands-based financial services provider last valued at $6.5B, has launched Mollie Capital, a new arm of the FinTech that will manage the lending products.

More on this 👉 Through this new service, businesses in the Netherlands will soon be able to apply for a merchant cash advance of up to EUR 250,000 via Mollie.

Businesses eligible for financing from Mollie must be based in the Netherlands, have been actively using Mollie’s payment services for a minimum of 3 months, and have had a minimum transaction volume of EUR 500 per month for the last three months.

Why is this important? 🤔 With this move, Mollie clearly shows that it’s branching out from being a payments company only and is transitioning to become a fully integrated business finance service. Looking at the bigger picture, it’s a clear signal that the future of finance is integrated.

Here’s more on that + the takeaway & a great graph on who are the lending leaders for merchants & SMEs: