Netflix, Uber, Facebook, AirBnB, Spotify., Evernote. What do they have in common? In terms of payments, they all use the services of Adyen, the Amsterdam-based payments giant. Adyen operates in more countries and currencies than competitor Stripe, and serves large, international operations, while Stripe works with startups and developers. Adyen’sRead More
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Stripe has significantly lowered its pricing in Europe, and Adyen could be to blame, not just new Europe Union regulations. Stripe disclosed yesterday that it has cut its interchange fees across 14 nations in Europe by up to 100 basis points, to 1.4% on European cards. Stripe also made other tweaks to itsRead More
Five fintech startups are now in the billion-dollar club — meaning they are valued at more than $1 billion. Here are the billion-dollar fintech companies and their last valuations, according to data recently released by Dow Jones VentureSource (in $millions): Rank Startup Current Valuation Raised to Date 1 Square $6,000 $495Read More
I chose Amsterdam as the next stop on the Fintech City Tour, primarily because of Adyen. When a Fintech Unicorn appears in a place that is not on most people’s radar screen, it seems like it is worth a visit. Another reason is that I spent a very enjoyable year working in Amsterdam as a…Read more Fintech City Tour Goes to Amsterdam, the quiet global center
Last week was surprisingly busy given how close it was to the year-end holiday freeze. But two blockbuster deals, $250 million to Swedish payment company Adyen and $200 million raised in an IPO from Finovate alum OnDeck, made it one of the biggest weeks of the year.