New Mollie CEO Happach, who will succeed Gaston Aussems, previously spent 10 years in leadership roles at Worldpay (acquired by FIS), having held the roles of chief commercial officer of its e-commerce division before becoming executive vice-president and head of global e-commerce.

Happach was a member of the executive team at Worldpay for its London IPO, as well as its acquisition by both Vantiv and FIS.

Before Worldpay, he served in business development roles across the Americas and EMEA at GlobalCollect (acquired by Ingenico), and served as a financial analyst for Baird and Caterpillar Inc. in the early to mid-2000’s.

The new appointment was formally made by Mollie’s Supervisory Board, and confirmed by the Dutch Central Bank.

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“I’ve spent the last 15 years processing payments for some of the largest and most recognisable brands on the planet,” said new Mollie CEO Happach.

“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.

“Mollie represents a very different approach. The people here 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.”

Adriaan Mol, founder of Mollie, commented: “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% – 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 110,000+ customers across Europe.”

In 2020, Mollie drove 120% year-on-year growth and raised a 90 million Euro Series B round, led by TCV, valuing the company as a unicorn.