Global digital payment tech company Adyen has announced today the closure of a $250 million funding led by New York-based growth equity firm General Atlantic with significant participation from existing investors Index Ventures and Felicis Ventures. The new funding, which is one of the biggest of this kind happened this year, increased the company’s overall market valuation to $1.5 billion.
The 8 year old company provides software services and tools that let the businesses to accept and process payments via credit cards and around 190 currencies worldwide across any channel, online, mobile or in-store.
Spotify, Facebook, Airbnb, Booking.com, Yelp, Groupon are among the high-profile businesses who use adyen services to manage their payments around the world. The Amsterdam-headquarted company has over 200 employees working in 10 offices that also include London, Paris, Berlin, San Francisco, Boston, Singapore, Sao Paulo, Stockholm and Madrid.
“In a world where consumers from different regions vary in how they prefer to pay for their goods and services, the leading online merchants depend on Adyen to power global commerce,” said Pieter van der Does, the CEO at Adyen. “We are proud to be the preferred partner to work with global businesses, and are seeing a surge in demand across retail, travel, gaming, advertising, transportation and social media. Adyen has built a 21st century payment platform that is far ahead of the competition.”
This latest investment will help the company to keep up with the fast growth of e-commerce markets globally, which is predicted by adyen to grow in volume from $1.5 trillion to $2.4 trillion in just 4 years. The company also said that they will put particular emphasis on fueling adoption in North America and Asia Pacific.