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.[2]
- Euronext Amsterdam: ADYEN
- AEX component
US00783V1044
| |
| 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)[1] | |
| Total assets | €11.425 billion (2024)[1] |
| Total equity | €4.232 billion (2024)[1] |
Number of employees | 4,345[1] (2024) |
| Website | adyen.com |
| Footnotes / references [1] | |
Adyen offers merchants online services to accept electronic payments. The technology platform acts as a payment gateway and a payment service provider.[3]
History
Adyen was founded in 2006 by Pieter van der Does, the current Co-CEO, and Arnout Schuijff.[4][5] Headquartered in Amsterdam, the company employs over 4,300 people in offices in twenty-three countries.[6]
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.[7]
In 2015, Adyen achieved a valuation of $2.3 billion, making it the sixth-largest European unicorn.[8]
In 2016, it obtained an acquiring license in Brazil through a BIN sponsorship.[7]
In 2017, the company was granted a European banking license, which gave it the status of an acquiring bank.[9] It also obtained acquiring licenses in Singapore, Hong Kong, Australia, and New Zealand.[10][11]
In 2018, the company announced that it would be listing its shares publicly in Amsterdam.[12] The IPO took place on 13 June 2018.[13]
In 2019, Adyen opened new offices in Tokyo and Mumbai, and expanded its payment offering in Africa.[14] In the same year, it launched Adyen Issuing, a virtual and physical card-issuing business to complement payments services to merchants.[15]
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.[16] In addition, it opened a new office in Dubai, expanding its offering in the Middle East.[17]
Growth
The company has been profitable since 2011.[18] 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.[19][20]
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.[21]
In 2022, the company exceeded €1.3 billion in revenue.[22]