Payments Company Adyen Growing 99% Year-On-Year

Adyen continues to add the fastest growing and most innovative companies to its impressive list of customers, with recent additions including WeWork, Sephora, Symantec and Microsoft. Online retailer Bonobos, also among the list of new Adyen merchants, is focused on giving people new ways to shop, relying on Adyen to help them connect their online purchases under one single platform and provide better shopping experiences to customers.

The global tech payments company has also announced 2016 revenue for the business was US $727 million, up from US $365 million in 2015. The news follows Adyen’s previous disclosure that it processed US$90 billion in transactions in 2016, a year-over-year increase of 80 percent.

With US$727 million in revenue and 500 employees at the end of 2016, Adyen says it is bringing in over US$1.4 million in revenue per employee, and continues to increase market share within Asia Pacific. The company says it’s growing 99% year-on-year,

“Many of the world’s largest companies trust Adyen to handle their transactions, and the growth we’ve seen is a sign that global businesses are demanding a better payment platform,” said Pieter van der Does, co-founder and CEO of Adyen. “By offering global reach and a seamless experience across channels within a single system, Adyen is expanding the possibilities of payments and transforming the way both retailers and shoppers navigate the payments landscape.

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