Adyen

History

Adyen was founded in 2006 by Pieter van der Does, the current Co-CEO, and Arnout Schuijff. Headquartered in Amsterdam, the company employs over 4,300 people in offices in twenty-three countries.

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.

In 2015, Adyen achieved a valuation of $2.3 billion, making it the sixth-largest European unicorn.

In 2016, it obtained an acquiring license in Brazil through a BIN sponsorship.

In 2017, the company was granted a European banking license, which gave it the status of an acquiring bank. It also obtained acquiring licenses in Singapore, Hong Kong, Australia, and New Zealand.

In 2018, the company announced that it would be listing its shares publicly in Amsterdam. The IPO took place on 13 June 2018.

In 2019, Adyen opened new offices in Tokyo and Mumbai, and expanded its payment offering in Africa. In the same year, it launched Adyen Issuing, a virtual and physical card-issuing business to complement payments services to merchants.

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. In addition, it opened a new office in Dubai, expanding its offering in the Middle East.

Growth

The company has been profitable since 2011. 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.

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.

In 2022, the company exceeded €1.3 billion in revenue.

References

References

1. "Shareholder Letter H2 2024 - Adyen".
2. "ADYEN {{!}} Euronext exchange Live quotes".
3. "Adyen: Our Story". adyen.com.
4. "Adyen on the Forbes Cloud 100 List".
5. Clere, Alex. (2023-08-02). "Lifetime of Achievement: Pieter van der Does".
6. Parodi, Alessandro. (2025-02-13). "Payments group Adyen's shares surge on full-year profit beat". Reuters.
7. (August 2025). "Adyen Annual Report 2019". Adyen.
8. (26 October 2015). "The European unicorn unbanking the merchant".
9. (26 June 2017). "Dutch payments processor takes pan-European license to bypass banks". Reuters.
10. hermes. (9 September 2017). "Payments tech provider targets Asia-Pac expansion". The Straits Times.
11. Finextra. (2017-09-07). "Adyen expands direct credit card acquiring capabilities to include Singapore". Finextra Research.
12. "A Dutch payment giant backed by Mark Zuckerberg and used by Uber is going public". Business Insider.
13. (13 June 2018). "Adyen knalt omhoog na beursgang".
14. (7 June 2019). "Adyen expands its global payment offering to Africa". [[Global Banking & Finance Review]].
15. (14 November 2019). "Adyen keeps focus on organic growth as it launches cards product". [[Reuters]].
16. (August 2025). "Shareholder letter H2 2020". Adyen.
17. (11 November 2020). "Dutch payment giant Adyen to expand into the Middle East, opens Dubai office". [[Silicon Canals]].
18. (12 April 2017). "The next big payments IPO could be a fast-growing startup not named Stripe".
19. "Payment Startup Adyen Raises $250 Million at $1.5 Billion Valuation". The Wall Street Journal.
20. "Adyen Raises $250 Million in Funding to Accelerate Growth of Its Global Payments Platform".
21. (31 January 2018). "EBay Rises to Record High on Shift to Adyen; PayPal Tumbles". Bloomberg.
22. Adyen. "Adyen".