Mollie’s, a Dutch payments firm, had acquired GoCardless, which would consolidate two major European payments firms, creating greater scale and product breadth to compete with incumbents like Adyen. The deal reflects a valuation reset from the fintech boom, with GoCardless likely selling below its 2022 peak amid losses and restructuring, while Mollie leverages its stronger balance sheet and Blackstone backing. Strategically, the transaction signals a shift toward consolidation-driven growth in European fintech, with profitability, efficiency, and market power taking precedence over standalone expansion.
Blackstone-Backed Mollie Nears Takeover of UK Fintech GoCardless
