Adyen Raises Quarter-Of-A-Billion Dollars

Global payments vendor Adyen on Tuesday (Dec. 16) said that it has closed $250 million in new funding, led by global growth equity investor General Atlantic, with additional participation from Temasek, Index Ventures and Felicis Ventures.

“Adyen is at the forefront of a rapidly globalizing payments market with tremendous growth potential,” said Jonathan Korngold, Managing Director and Global Head of General Atlantic’s Financial Services Sector. “In addition to exponential growth in e-commerce, we are also seeing a rise in consumer demand for integrated experiences across in-store and online shopping. Considering the inherent opportunities in both of these trends, we believe that Adyen is very well-positioned to extend its position as the leading global payments solution in the years to come.”

The company said that it plans to use the investments “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,” according to a statement the company issued.

Adyen has entered partnerships with many of the top payments players and specifically claims to service “four of the five largest U.S. Internet companies.” But it’s emphasis is on global transactions. It partners, for example, with Facebook for game and ad purchases in 137 countries in North America, South America, Europe, Asia and Australia, the company said, adding that it works with Spotify in 58 countries and 22 currencies and Airbnb to “use local payment methods such as Alipay in China.” Adyen said that 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.”