(Bi)annual net revenue of Adyen 2015-2023, in domestic currency and USD
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Adyen’s net revenue kept increasing in H2 2023, growing by roughly 150 million euros when compared to the same period one year before. In the second half of 2023, the Amsterdam payment technology company continued its growth, as net revenue increased with around 25 percent when compared to the previous year. That same year, Adyen processed hundreds of billions in payment transactions worldwide.
Adyen is one of Europe’s biggest unicorns (companies valued over one billion U.S. dollars)
As of March 2018, only Spotify achieved more venture capital backing than Adyen. The payment platform was worth five billion U.S. dollars at that time, which was achieved in eight years after its founding. The company aims itself at global merchants as well as domestic, mid-market companies, and tries to connect merchants to multiple payment methods and currencies. Its portfolio includes companies such as booking.com, Vodafone, Etsy, Netflix, Facebook, Sephora and Uber, leading to an IPO valuation of 7.1 billion euros (8.3 billion U.S. dollars) in June 2018.
High activity in Fintech investments in Europe
Adyen got a banking license in Europe, which makes it a Fintech: a company that deals in financial technology. In 2018, investments into Fintech in Europe increased significantly. Part of this interest comes from PSD2, the European regulation which opens up banking to third-party providers. Fintech were deemed to have the technological know-how to facilitate for these rules.
