Global payments technology provider Adyen processed $25 billion in payments transactions in 2014, an 80% increase over 2013. Year over year, the company also experienced revenue growth of more than 100% and a 40% increase in customer wins. Payment transaction volume quadrupled among U.S.-based customers over the past year, according to a company statement.
In December 2014, Adyen raised $250 million in Series B funding from growth equity firm General Atlantic and investment firms Index Ventures, Felicis Ventures and Temasek Holdings.
The company attributes its growth to a substantial increase in customer adoption and organic growth of existing customers in key markets, including North America, Europe, Latin America and Asia Pacific.
Adyen rolled out its omnichannel payments solution in 2014. New customers that signed with Adyen in 2014 include Facebook, Spotify, Airbnb, airberlin and Domino’s Pizza. Other retail clients include Superdry, Moss Bros and de Bijenkorf.
“The possibility to operate payments with a single platform and contract across all sales channels worldwide offers enormous benefits to merchants, and our growth over the last year is a testament to how we are meeting that need,” said Pieter van der Does, CEO of Adyen. “Looking ahead, we still see enormous opportunities for growth, particularly through delivering cross-channel insights to merchants, and accelerated expansion in North America and Asia.”