International payments start-up Adyen has raised its largest round of funding yet. The company has capitalized on the fast-growing popularity of its global payments platform to land a $250 million investment.
In the past, companies have taken international payments from a combination of banks and payments processors worldwide. Adyen has designed and built a global, omni-channel platform that solves the problems modern e-commerce providers face, allowing them to easily reach their global customers.
This second funding round was led by global growth equity investor General Atlantic, with additional participation from Temasek, Index Ventures and Felicis Ventures. Adyen secured £16 million of funding in its last round in 2011. The obvious difference between the two investments mirrors the increasing popularity of the platform. The company has doubled its volume over the last year alone by growing both the size of its consumer base and the number of of payments it processes on their behalf.
Adyen has signed on more than 3,500 customers to its platform, which works in over 200 countries, allowing them to get paid in 187 currencies. The company works with all major credit card providers and allows a variety of payment methods, in-store, via mobile or online. Adyen is integrated with Apple Pay, Alipay in China, Boletos in Brazil, Qiwi in Russia, SEPA Direct Debit in Europe and Konbini in Japan.
The company boasts some pretty big clients too. Facebook works with Adyen to process global transactions for its games and ads activities in 137 countries across North America, South America, Europe, Asia and Australia. Spotify partners with Adyen to enable subscription purchases in 58 countries and 22 different currencies. Airbnb relies on Adyen to allow global hosts and guests to use local payment methods such as Alipay in China.
Adyen plans to use this latest investment to accelerate growth and expand the adoption of its global platform even further, with particular emphasis in the North American and Asia Pacific markets.
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