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Adyen 2017 Revenue Crosses US$1 Billion Mark; Increase Of Over US$400m From 2016

Leading payments platform bolsters customer wins
with eBay, Theory, Tinder, Valve, ofo, Lorna Jane, Groupe L’OCCITANE and ASICS

 

Adyen, the payments platform of choice for many of the world’s leading companies, today announced that it generated US$1.14 billion in annual revenue
for 2017, an increase of over US$400 million from 2016[1].
Additionally, the payments services provider disclosed that it processed US$122[2]
billion in volume for merchants in 2017[3],
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.”

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. 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.

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. Committed to empowering merchants with complete control of
their payment process, Adyen rolled out its direct acquiring solution in
Singapore last year, providing opportunities for companies to optimize revenue
and create a better customer experience.

Adyen continues to add fast growing and innovative companies to
its merchant base, with recent additions including eBay, Zest Group, ofo, Theory,
Valve, Tinder, Lorna Jane, Groupe L’OCCITANE and ASICS on top of existing
leading global brands, including Microsoft, Samsung, Uber, Facebook, Spotify, LinkedIn,
Twitter, Netflix, Sephora and Tory Burch.

­

For more information on Adyen’s
unified commerce offerings, please visit: www.adyen.com.

About Adyen

Adyen is the payments platform of choice for many of the world’s leading
companies, providing a modern end-to-end infrastructure connecting directly to
Visa, Mastercard, and consumers’ globally preferred payment methods. Adyen
delivers frictionless payments across in-store, mobile and ecommerce channels. With offices across the world, Adyen
serves 9 of the 10 of the world’s largest Internet companies[4].
Customers include Facebook, Uber, Netflix, Spotify, Casper, Bonobos and
L’Oreal.

 


[1] Calculated on the basis
of the average EUR/USD
exchange rate for 2017, equal to 1.1297

[2] Calculated on the basis
of the applicable daily EUR/USD
exchange rate. Processed volume Growth in EUR was 63.3% YoY.

[3] Beginning with its 2017 results, in line with
industry practice, Adyen now reports processed volume. Prior to 2017, Adyen
reported transaction volume — defined as payments volume received.

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