Mollie’s CEO Koen Köppen says the acquisition is a major step toward a unified platform that combines GoCardless’s bank payments network with Mollie’s existing payments capabilities to enable sustainable growth.

The combined platform will reduce fragmentation, lower transaction costs, and improve cash flow for subscription models, while offering scalable tools for both large enterprises and SMEs.

The platform is pitched as easing global expansion for businesses by simplifying entry into international markets.

The deal’s value was not disclosed and regulatory approvals are among the final conditions before closing.

Local onboarding and local software integrations will be emphasized, with examples like iDEAL in the Netherlands, Satispay in Italy, and Twint in Switzerland.

GoCardless says it is too early to determine whether the merger will lead to job cuts.

The integration will be phased to maintain service continuity and local customer support, with completion targeted for the second half of 2026, subject to regulatory approvals.

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Köppen emphasizes simplifying money management and reducing reliance on card-only payments to mitigate failure and churn risks.

GoCardless, with around 800 employees, operates a platform for one-off and recurring payments via direct debit and has been involved in open banking; it is led by Hiroki Takeuchi.

Mollie agreed to acquire UK payments startup GoCardless for about €1.1 billion, aiming to create a single European payments platform serving more than 350,000 companies and integrating card payments, local methods, and bank payments.

The deal is expected to close by mid-2026 and will largely be funded in stock with a small cash element, according to reports from the Financial Times.