Adyen raises $250m from General Atlantic et al.

Adyen will use the fresh capital to further expand internationally, with a particular focus on bolstering its market positions in North America and Asia Pacific.

According to Adyen, the global e-commerce market is expected to grow from $1.5tn today to $2.4tn in 2018.

The capital injection gives Adyen a value of $1.5bn, according to the Financial Times.

Previous funding
In June this year, Index took part in a $16m funding round for Adyen, acquiring a minority stake, according to unquote" data.

Company
Founded in 2006, Adyen is headquartered in Amsterdam with additional offices in San Francisco, São Paulo, Singapore, London, Paris, Berlin, Stockholm, Madrid and Boston.

The company provides both offline and online payment processing services. It has developed a platform designed to allow businesses to accept payment from anywhere in the world via any sales channel.

It currently counts 250 payment methods in 187 currencies. Adyen claims to have processed $14bn through its platform last year. It counts 3,500 businesses as clients, including Facebook, Spotify, SoundCloud, Groupon and Vodafone.

The company employs 190 staff. It generated $95m in revenues last year and expects to double this in 2014.

People
Pieter van der Does is the CEO of Adyen. Jonathan Korngold is a managing director and head of the financial services sector at General Atlantic.

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• Topics
• Benelux
• Expansion
• Financials
• Netherlands
• General Atlantic
• Index Ventures