Adyen powers Kooomo Payments to help businesses expand overseas

Adyen (ADYEN:AMS), the global financial technology platform of choice for leading businesses, has partnered with Kooomo, global ecommerce platform provider, to give it the technology to create a new product, Kooomo Payments.

Businesses that use Kooomo’s SaaS end-to-end model are rapidly scaling their operations, with ambitions to trade overseas. Adyen’s platform helps businesses to manage the complexities of international payments, with technology that makes it easy to navigate local country regulation and consumer preferred payment options.

The integration of Adyen’s payment solutions gives ambitious mid-sized businesses access to a payments platform that is purpose-built for cross-border transactions. Kooomo will rebrand Adyen’s platform as Kooomo Payments, giving its customers local payment methods and currencies can be switched on and off with the click of a button. Businesses will also enjoy access to the latest payment methods such as Buy Now, Pay Later (BNPL) services and digital wallets.

“Kooomo is built to simplify cross-border selling. With Adyen, we’re giving rapidly scaling merchants access to affordable enterprise technology, which might otherwise be out of reach”, said Gary Hammond, Managing Director at Kooomo. “Our customers are looking to move away from a model of multiple integrations into multiple payment types. This is especially relevant since Covid-19 has triggered the rapid rise of digital wallets, and BNPL methods such as Klarna. A single integration with Adyen enables our customers to be agile and focus on growth.”

“We’re delighted to power Kooomo’s new payment solution, which will help businesses scale by offering access to a single global payment system and enterprise standard technology”, said Colin Neil, Managing Director of UK & Ireland. “Through this partnership, Kooomo will be able to provide data insights on digital wallets and cards across markets. Users will also get access to repeat subscription services, which can make a tangible difference to businesses of all sizes.”