Payment processor Adyen is reportedly looking to list on the Amsterdam stock exchange in June.
The company is looking at a valuation of around €6bn to €9bn, according to a report by Reuters, which cites people close to the matter. Ayden’s shareholders are looking to sell a 15 per cent stake in the company.
Adyen is a global payment end-to-end infrastructure provider which connects with VISA, MasterCard and a range of consumer’s local preferred payment services. Some of its clients include Facebook, Uber, Netflix, Spotify, Casper, Bonobos and L’Oreal. Its product offers online payments, in-store POS terminal and marketplace services to split payments.
Its PSD2 compliant services enable consumers and retailers to complete transactions around the world and through a series of payment types, as well as, revenue optimisation and risk management services.
Last month, the company announced its annual revenue for 2017 reached $1.14bn, increasing by more than $400m from 2016. It also revealed it had processed $122bn in volume for merchants across 1017, a 61 per cent growth on 2016.
The company also recently partnered with retail payment processor and management service Mi9 Retail. This deal was formed to enable Mi9’s POS platform to accept payments through Ayden’s services, helping to ease processes internally and globally. It also gains access to Ayden’s terminal API to incorporate e-commerce services to in-store experiences.
Earlier in the month, digital payments giant PayPal acquired POS solution developer iZettle in a $2.2bn deal. The deal was completed to support PayPal’s presence in stores and boost its use globally including access to new markets including Brazil, Denmark, Finland, France, Germany, Italy, Mexico, Netherlands, Norway, Spain and Sweden.
Copyright 2018 FinTech Global
