Adyen Gets $250 Million in Funding to Expand Payments Platform

December 16, 2014         By: Melanie Macinas

Global payments technology company Adyen has secured $250 million in funding in a financing round led by General Atlantic.

This brings Adyen’s valuation to over $1 billion.

The company will use this new funding to further accelerate growth, expand its international presence, and promote global adoption of its omni-channel platform, particularly in Asia Pacific and North America.

The new investment will also enable Adyen to continue creating innovative solutions that will help customers capitalize on omni-channel opportunities.

Adyen has made a mark on the payments industry with its single platform that allows businesses to process almost any type of payment across any payment channel—be it online, on a mobile device or in brick-and-mortar stores.

This global platform allows merchants to accept payments from almost every country in the world and in 187 currencies.

Adyen’s payment platform ultimately transforms the commerce experience, providing reliable and seamless transactions, improving data security, risk and fraud management, delivering significant cost savings and increasing customer conversions.

Vijay Koduri, SVP of Marketing, North America, at Adyen says that for 2015, “Customers such as Facebook, Spotify, Evernote, Groupon, and Airbnb are looking to Adyen, as their global payments partner, to support their expansion into new markets.”

Koduri also says that Adyen hopes to double down on omnichannel payments, with a growing focus on the point of sale since they’re “seeing a lot of demand from large retailers for omnichannel processing.”