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Adyen
Dutch financial services company From Wikipedia, the free encyclopedia
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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) |
Adyen offers merchants online services to accept electronic payments. The technology platform acts as a payment gateway and a payment service provider.[8]
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History
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Adyen was founded in 2006 by Pieter van der Does, the current Co-CEO, and Arnout Schuijff.[9][10] Headquartered in Amsterdam, the company employs over 4,300 people in offices in twenty-three countries.[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 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]
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Growth
The company has been profitable since 2011.[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.[24][25]
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.[26]
In 2022, the company exceeded €1.3 billion in revenue.[27]
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References
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