ADYEN 2017 REVENUE CROSSES $1 BILLION MARK;
Adyen, the payments platform of choice for many of the world’s leading companies, today announced that it generated $1.14 billion in annual revenue for 2017, an increase of over $400 million from 2016. Additionally, the payments services provider disclosed that it processed $122 billion in volume for merchants in 2017, a 61 percent year-over-year increase in processed volume from 2016 to 2017.
“Merchants around the world turn to Adyen for a simpler, more powerful payments platform,” said Pieter van der Does, co-founder and CEO of Adyen. “We are highly focused on transforming the online and in-store payment experience. Our robust growth points to the strength of our unified commerce solution.”
Myles Dawson, UK MD of Adyen comments: “Adyen’s remarkable global growth has been mirrored in the UK. From humble beginnings here in 2012, our UK footprint has grown to a team of more than 40, across offices in London and Manchester. Adyen’s payments technology has really resonated with the UK’s leading merchants, helping them to improve their customer experience and boost sales. Now, organisations such as FatFace and giffgaff use Adyen to help provide their customers with the best possible payment experience. We have also established vital supply chain partnerships to help merchants recognise the importance of payments in their technology and customer experience strategies – which will play a key role in Adyen’s continued growth in the UK.”
Recently, Adyen expanded its unified commerce offering to Canada, attaining full coverage in North America and Europe. Merchants who work with Adyen can now use one platform across all channels (in-store, mobile, ecommerce), covering most of the world’s currencies across four continents.
Also, in Q1 of this year, Adyen launched its point-of-sale solution in Singapore, expanded into New Zealand and further built out its full stack payments platform. The company’s large global footprint in the payment sector allows companies to process all major card brands, along with local payment methods, around the world.
Adyen continues to add fast growing and innovative companies to its merchant base, with recent additions including eBay, Theory, giffgaff, Valve, ofo, Tinder, Lorna Jane, Groupe L’OCCITANE and ASICS on top of existing leading global brands, including Microsoft, Samsung, Uber, Spotify, LinkedIn, Twitter, Netflix, Sephora and Tory Burch.
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