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Adyen processed €21 billion in payment transactions in 2014

Adyen processed €21 billion in payment transactions in 2014

Payment company Adyen processed over 21 billion euros ($25 billion) in payments transactions in 2014, which is almost an increase of 80% over 2013. At the same time the Dutch company grew by 100% in terms of revenue and by 40% in new customers.

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Adyen announced these recent figures today in an official press release. Adyen didn’t give any absolute numbers, but it does however give an explanation. It states the growth has been driven by both a substantial increase in customer adoption as well as organic growth of existing customers in global key markets, such as North America, Europe, Latin America and Asia Pacific.

New and existing customers
Among the new customers Adyen welcomed in 2014 are Facebook, Spotify, Airbnb, Air Berlin and Domino’s Pizza. And companies like Superdry, Moss Bross and department store De Bijenkorf are now accepting payments across online and in-store with Adyen’s omnichannel payment platform.

Success in North America
Adyen, based and founded in The Netherlands, is particularly found of how business goes in North America. In this fast growing region, the company’s payment transaction volume of US-based customers quadrupled over the past year. “We now power payments for four of the five largest American Internet companies by market capitalization”, the payment company states.

Despite the significant growth, CEO Pieter van der Does still sees enormous opportunies for further growth. “Particularly through delivering cross-channel insights to merchants, and accelerated expansion in North America and Asia.”

Adyen in 2014
In 2014, Adyen hired over 90 new employees (including the former head of global payments at Netflix and a former management board member of Ingenico), so it now has 260 people working for them. It also opened a new office in Madrid, while expanding offices in London, Berlin and Singapore. Also last year, Adyen added new payment methods, including Apple Pay, SEPA Direct Direct and Dragonpay.


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