Raynor de Best
Research expert covering finance, insurance & real-estate, internet & e-commerce
Get in touch with us nowHalf-year net revenue of B2B payment provider Adyen 2015-2021
Adyen’s net revenue kept growing in a year dominated by COVID-19, possibley due to the increasing use of digital services in 2020. In the first half of 2021, the Amsterdam payment technology company continued its growth, as net revenue increased with around 46 percent when compared to the previous year. That same year, Adyen processed around 300 billion payment transactions worldwide.
Adyen is one of Europe’s biggest unicorns (companies valued over one billion U.S. dollars)
As of March 2018, only Spotify achieved more venture capital backing than Adyen. The payment platform was worth five billion U.S dollars at that time, which was achieved in eight years after its founding. The company aims itself at global merchants as well as domestic, mid-market companies, and tries to connect merchants to multiple payment methods and currencies. Its portfolio includes companies such as booking.com, Vodafone, Etsy, Netflix, Facebook, Sephora and Uber, leading to an IPO valuation of 7.1 billion euros (8.3 billion U.S. dollars) in June 2018.
High activity in FinTech investments in Europe
Adyen got a banking license in Europe which makes it a FinTech: a company that deals in financial technology. In 2018, investments into FinTechs in Europe increased significantly. Part of this interest comes from PSD2, the European regulation which opens up banking to third-party providers. FinTechs were deemed to have the technological know-how to facilitate for these rules.
Adyen is one of Europe’s biggest unicorns (companies valued over one billion U.S. dollars)
As of March 2018, only Spotify achieved more venture capital backing than Adyen. The payment platform was worth five billion U.S dollars at that time, which was achieved in eight years after its founding. The company aims itself at global merchants as well as domestic, mid-market companies, and tries to connect merchants to multiple payment methods and currencies. Its portfolio includes companies such as booking.com, Vodafone, Etsy, Netflix, Facebook, Sephora and Uber, leading to an IPO valuation of 7.1 billion euros (8.3 billion U.S. dollars) in June 2018.
High activity in FinTech investments in Europe
Adyen got a banking license in Europe which makes it a FinTech: a company that deals in financial technology. In 2018, investments into FinTechs in Europe increased significantly. Part of this interest comes from PSD2, the European regulation which opens up banking to third-party providers. FinTechs were deemed to have the technological know-how to facilitate for these rules.
