Amsterdam-based payment services provider, Mollie, has announced the appointment of a new CEO, Shane Happach. Prior to joining Mollie, Happach worked for Worldpay, where he was EVP and Head of Global eCommerce.
Happach succeeds Gaston Aussems, who was Mollie’s CEO between 2013 and mid-2020. He will start on April 1st, 2021, and has been formally appointed by Mollie’s Supervisory Board. His appointment has been confirmed by the Dutch Central Bank.
Speaking about his previous experience, Happach says, “I’ve spent the last 15 years processing payments for some of the largest and most recognisable brands on the planet. I’ve come to a very simple conclusion: merchants are significantly under-served by traditional payment service providers. PSP business models are fundamentally about price and volume and, in Europe especially, merchants need more support from their partners.”
A brief about Mollie’s new CEO
Shane Happach has prior experience of more than 10 years with Worldpay – a payment processing company, first as Chief Commercial Officer of its e-commerce division and more recently as EVP and Head of Global eCommerce. Besides, he was also a member of the executive team at Worldpay for its London IPO and its acquisition by both Vantiv and FIS.
Before Worldpay, he worked with GlobalCollect – acquired by Ingenico in 2014 – in business development roles across the Americas and EMEA.
Speaking about Mollie, Happach believes, “The people here at Mollie, deeply care about merchants that don’t have whole departments dedicated to payments infrastructure, addressing abandonment and securing customer data. These businesses need that support from their PSP, a PSP whose principal job is to help its customers grow. That’s why I’m so excited to be leading Mollie as we continue to drive product innovation and expansion across Europe.”
In 2020, Mollie had a 120 per cent year-on-year growth and had raised a €90M in Series B funding, led by TCV, valuing the company as a unicorn.
Adriaan Mol, founder of Mollie on Happach, “It’s been an exciting seven months for Mollie, with our strong growth, expansion into the UK, and now the arrival of Shane. Shane ‘gets it’. He understands the problems with the current PSP model. And he understands what Mollie can do to address those problems and simplify complex financial services to help businesses grow. Shane has helped drive impressive – 500 per cent – growth at Worldpay. We know he’s the right person to help drive Mollie’s international expansion and ensure our product innovation meets the emerging needs of our more than 110,000 customers across Europe.”
Earlier in February 2021, the fintech company had appointed Josh Guthrie to head its recently announced UK operations. He is responsible for helping SMEs to navigate their international expansion post-Brexit.
Everything about Mollie
Founded in 2004 by Adriaan Mol, Mollie is a payments platform that offers a process for integrating payments into a site or app.
It is a technology-based company processing payments for more than 50,000 clients with local payment methods such as Mastercard, VISA, Amex, PayPal, iDEAL, Bancontact, Bitcoin, SEPA Direct Debit, Cartes Bancaires, ESP, Giropay, SOFORT Banking, and more.
Mollie aims to make online payment simple for merchants by taking away the complexity from payment methods and offering a simple, but powerful API.