Payments

Adyen Raises $250 Mn to Boost the Growth of its Omni-Channel Payments Platform

MEDICI

Adyen, one of the leading global payments technology companies, has announced that it has closed $250 million in funding. The funding round was led by investors like General Atlantic, Temasek, Index Ventures and Felicis Ventures. Adyen’s technology gives businesses the ability to accept almost any type of payment, anywhere in the world, across any payment channel — whether online, on a mobile device or in-store.

The global e-commerce market is expected to grow from $1.5 trillion today to $2.4 trillion in 2018. Global expansion is a key growth driver for companies in this market. But it is also true that payments are being processed using legacy platforms on dated infrastructure, not optimized for today’s commerce needs. Adyen has designed and built a global, omni-channel (online, mobile and in-store) platform that solves this problem.

Pieter van der Does, CEO of Adyen, said in an official press release: “In a world where consumers from different regions vary in how they prefer to pay for their goods and services, the leading online merchants depend on Adyen to power global commerce. We are proud to be the preferred partner to work with global businesses, and we are seeing a surge in demand across retail, travel, gaming, advertising, transportation and social media. Adyen has built a 21st century payment platform that is far ahead of the competition.”

Adyen will use this investment to further accelerate growth, continue to expand its strong international presence and fuel global adoption of its platform, with particular emphasis in the North American and Asia Pacific markets. This funding will allow the company to continue to build innovative tools to help its customers capitalize on the vast omni-channel opportunity.

Adyen is the partner of choice for many companies and has a client base of more than 3,500 globally. This includes some of the largest U.S. Internet companies.

  • Facebook works with Adyen to process global transactions for its games and ad activities in 137 countries across North America, South America, Europe, Asia and Australia.
  • Spotify partners with Adyen to enable subscription purchases in 58 countries and 22 different currencies.
  • Airbnb relies on Adyen to allow global hosts and guests to use local payment methods such as Alipay in China.

Among the new generation of payment platforms, Adyen is unique in allowing merchants to accept payments from nearly every country in the world and in 187 currencies. The company manages transactions end-to-end through direct connections with all major credit card companies, and it accepts more than 250 payment methods, including Apple Pay, Alipay in China, Boletos in Brazil, Qiwi in Russia, SEPA Direct Debit in Europe and Konbini in Japan.

With its omni-channel platform, Adyen has the ability to process payments made online, in-store or on mobile devices. This enables retailers to deliver compelling shopping experiences, whether through express checkout, home delivery of in-store purchases or in-store returns of online purchases. The Adyen technology transforms the commerce experience by replacing multiple platforms with a single solution, bringing reliable and seamless transactions, enhanced data security, risk and fraud management, delivering significant cost savings and increased customer conversions.

MEDICI Team

MEDICI

MEDICI Team is a group of content writers, bloggers, journalists, researchers, and editors from the MEDICI team who collaborate to create FinTech insights.

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