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Adyen Sees 100% Growth in Transaction Volume

Adyen Sees 100% Growth in Transaction Volume

2016-01-15 15:10

Dutch online payments processor Adyen doubled its transaction volume to $50 billion in 2015.

Adyen, one of Europe's biggest fintech startups which competes against PayPal, Square, Stripe, Braintree and other payment providers, processed $50 billion in transaction volume in 2015, up from $25 billion 2014.

During the year annual revenue reached $350 million, a growth of more than 100 percent over 2014. Adyen, whose clients include Uber, Facebook and Spotify, has been profitable since 2011 and its revenues are on track to break through $500m in 2016.

– In a world where commerce is global and shoppers expect the same experience across all touchpoints and geographies, Adyen's ability to process transactions both online and in the physical world on one platform places the company in a completely unique position,” said Pieter van der Does, CEO of Adyen.

Offers 250 Payment Methods Globally

Adyen, which was founded in 2006, allows merchants to take payments from customers anywhere in the world without going through banks. Instead, in-store sales and online transactions are processed through a single global platform that offers more than 250 payment methods globally.

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In 2015 growth came from existing and new customers including e-commerce firms Netflix, Dropbox and Eventbrite and retail customers such as Burton, Gant, Etam et Celio and Camper.

Adyen also expanded its point of sale functionality to the US so that American businesses now can accept and manage online, mobile and POS payments with a single solution. In 2016 Adyen, who serves more than 4 500 business around the world, plans to expand to Australia.

Jimmy Andersson

Senior editor

Freelance journalist who have gone from covering sports to online retailing. Been writing about e-commerce for four years.

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