Adyen closes another funding round, now valuated at €2 billion
Dutch payment company Adyen closes another round of funding and is now valuated to be worth 2 billion euros. The latest funding comes from Iconiq Capital, which has invested in several tech companies on behalf of clients such as Mark Zuckerberg, Sheryl Sandberg and Jack Dorsey.
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It’s not even one year ago that Adyen raised 200 million euros. According to co-founder and CEO Pieter van der Does that money hasn’t run out yet. Back then, in December 2014, the Dutch payment company was valuated at 1.2 billion euros.
Now, with the new funding money, it’s said to be worth 2 billion euros. But it’s not only the money that matters, Van der Does told the Wall Street Journal. The investment is particularly important because of the connections the company now has. “When Iconiq comes knocking, you have to think twice before saying no.”
By using Adyen’s technology, companies are able to accept almost all kinds of payments. Some of the company’s clients are Facebook, Spotify and Airbnb. Adyen has its own chip & PIN mobile point-of-sale solution, called Shuttle. Adyen wants to use the fresh funding partly for establishing itself as a point-of-sale solution for physical retailers.