Abstract Fourteen species of bats in the genus Molossus currently are recognized in the Neotropical region; only three are known from Argentina. Here, we describe a new species based on specimens collected in the province of Santa Fe, Argentina, in the Pampa ecoregion. The new species can be distinguished from its congeners by its general strong orange coloration, forearm length > 41 mm, dorsal hairs bicolor and long (~5 mm), infraorbital foramen laterally oriented, and long and forward-projected (pincer-like) upper incisors. The external and cranial morphology of the new species are described and comparisons made with other species of similar size and with those present in its distributional area. Wilcoxon tests and multivariate analyses (nonmetric multidimensional scaling ordination and PERMANOVA) were carried out to determine the morphometric differences between the new species and other seven species of Molossus. The species tree, estimated by *BEAST from the concatenation of mitochondrial and nuclear genes, suggests that Molossus sp. nov. is basal within the clade formed by {{M. aztecus, M. rufus}, {{M. currentium, M. pretiosus}, M. sinaloae}} with a posterior probability of 0.82.