Adyen
Dutch financial services company From Wikipedia, the free encyclopedia
Adyen is a Dutch payment company with the status of an acquiring bank that allows businesses to accept e-commerce, mobile, and point-of-sale payments. It is listed on the stock exchange Euronext Amsterdam.[7]
 | A major contributor to this article appears to have a close connection with its subject. (February 2018) |
| |
| Company type | Naamloze vennootschap |
|---|---|
| |
| ISIN | NL0012969182 US00783V1044 |
| Industry | Payment processor, technology, e-commerce, point of sale |
| Founded | 2006 |
| Founders | |
| Headquarters | Amsterdam , Netherlands |
Key people |
|
| Services | Payment service provider, gateway, risk management, local acquiring, point of sale, issuing |
| Revenue | €1.996 billion (2024)[1] |
| €925 million (2024)[2] | |
| Total assets | €11.425 billion (2024)[3] |
| Total equity | €4.232 billion (2024)[4] |
Number of employees | 4,345[5] (2024) |
| Website | adyen.com |
| Footnotes / references [6] | |
Adyen offers merchants online services to accept electronic payments using payment methods including credit cards, debit cards, wire transfers, and real-time bank transfers based on online banking. It connects merchants to different payment methods, including international credit cards, local cash-based methods, and mobile payment methods. The technology platform acts as a payment gateway and a payment service provider.[8]
History
Summarize
Perspective
Adyen was founded in 2006 by Pieter van der Does and Arnout Schuijff, now the CEO and CTO, respectively.[9] Headquartered in Amsterdam, the company employs around 2,000 people in offices in twenty-three countries.[8]
The name Adyen means 'start again' in Sranan Tongo.[10] This is a reference to this being the second project of the founders after Bibit.[11]
In 2012, Adyen started to expand globally, opening its offices in San Francisco, Paris, and London. In the same year, it obtained its pan-European acquiring a license.[12]
In 2015, Adyen achieved a valuation of $2.3 billion, making it the sixth-largest European unicorn.[13]
In 2016, it obtained an acquiring license in Brazil through a BIN sponsorship.[12]
In 2017, the company was granted a European banking license, which gave it the status of an acquiring bank.[14] It also obtained acquiring licenses in Singapore, Hong Kong, Australia, and New Zealand.[15][16]
In 2018, the company announced that it would be listing its shares publicly in Amsterdam.[17] The IPO took place on 13 June 2018.[18]
In 2019, Adyen opened new offices in Tokyo and Mumbai, and expanded its payment offering in Africa.[19] In the same year, it launched Adyen Issuing, a virtual and physical card-issuing business to complement payments services to merchants.[20]
In 2020, the company benefited from an accelerated digitalization of global ecommerce in the online retail segment, which compensated for the declining travel volumes in enterprises due to the COVID-19 pandemic. It launched mobile Android POS devices worldwide in the second half of the year.[21] In addition, it opened a new office in Dubai, expanding its offering in the Middle East.[22]
Growth
The company has been profitable since 2011.[23] Its earnings grew from $46 million in 2015 to $87 million in 2016.[23] Its gross revenue grew 99 percent in 2016 to $727 million.[24][25][23]
In December 2014, the company announced a funding round of $250 million led by growth equity firm General Atlantic, joined by existing investors Temasek Holdings, Index Ventures, and Felicis Ventures.[26][27]
In 2016, the company saw transaction volume increase to $90 billion, up from $50 billion in 2015.[28]
In 2017, Adyen surpassed €100 billion in processed volume.[12]
On January 31, 2018, eBay announced that it had signed an agreement with Adyen to become its primary payments processing partner. eBay began intermediation on a small scale in North America starting in the second half of 2018, expanding in 2019 under the terms of the operating agreement with PayPal. In 2021, eBay transitioned a majority of its marketplace customers to Adyen.[29]
In 2021, net revenue hit €1 billion.[30]
In 2022, the company exceeded €1.3 billion in revenue.[31]
References
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