Adyen has broken into the billion-dollar start-up club.
The Amsterdam-based payment platform--which counts Facebook, Spotify, Evernote and Airbnb as clients--just raised $250 million in a round led by General Atlantic. Felicis Venutres, Index Ventures and Temasek invested too. The round values Adyen at $1.5 billion.
"Adyen's platform is simple and lets people accept payments anywhere, in any currency and makes it easy for people trying to sell around the globe," General Atlantic's Aaron Goldman told me. "As business continues to shift to the Internet and becomes more global Adyen helps you scale in a way you can't with any other platform."
Founded in 2006 by Pieter van der Does, Adyen is a cloud-based payment system that can handle 250 different payment methods and 187 currencies. This year it's on track to process more than $30 billion worth of transactions.
Adyen CEO van der Does says he raised the new round to shore up Adyen's balance sheet and grow it's payment systems both online and in retail stores. He also plans to bulk up its Asia market --with a special focus on Alibaba's Alipay.
"We're expanding our omni-channel platform that lives in mobile payments and also works in physical stores," says van der Does. "General Atlantic has experience in the sector and knows just what we're trying to do."
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