Adyen Reaches $50 billion Processes in 2015
- Transaction Banking , Payments
- 14.01.2016 01:15 pm
Adyen, the global payments technology company, today announced that it processed $50 billion in transaction volume in 2015, up from $25 billion, and achieved revenue of $350 million, a growth of more than 100 percent over 2014. The results underscore how Adyen is building on its position as the global partner of choice for international ecommerce, and is rapidly expanding its point of sale offering by connecting a new range of customers to its omnichannel payments platform.
Over the last year, Adyen has reached two key milestones in the potentially enormous point of sale space:
- A range of top global apparel brands going live with Adyen point of sale payments on Adyen’s omnichannel platform at flagship stores across Europe.
- Expansion of the point of sale functionality to the U.S., meaning that U.S. businesses can now accept and manage online, mobile, and point of sale payments with a single EMV-compliant solution. Following this launch, Australia will be the next market to benefit from Adyen’s point of sale and omnichannel capabilities 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.
Other growth indicators and milestones include:
- Ten new airline customers, including Cathay Pacific and easyJet, new digital ecommerce customers including SurveyMonkey, Netflix, Eventbrite, and Dropbox, and new retail customers including Burton, Gant, Etam, and Celio.
- The addition of new payment methods including Android Pay, Samsung Pay, Apple Pay (in the U.K., Australia, and Canada), Bancontact/Mr Cash (Belgium), and a range of online banking and convenience store/ATM options across Southeast Asia such as Mandiri Clickpay, Gcash and Maybank2u, to complement its existing support of over 250 payment methods globally.
- The launch of RevenueProtect, its integrated risk management solution, and Adyen MarketPay, the payments solution for marketplaces.
- New offices in Sydney and Shanghai.
Adyen has been profitable since 2011, and its rapid growth and enormous potential across both point of sale and online payments globally has attracted investment from across the world. Most recently, it was valued at $2.3 billion following an investment from Iconiq Capital, which followed a $250 million investment round in December 2014 from General Atlantic, Felicis Ventures, Temasek, and Index Ventures.