Adyen revenues skyrocket in 2016

Adyen, a global payment processor, has announced that its 2016 revenue surpassed $700 million, up from $365 million in 2015, according to a press release.

The news follows Adyen's previous disclosure that it processed $90 billion in transactions in 2016, a year-over-year increase of 80 percent. With $727 million in revenue and 500 employees at the end of 2016, Adyen is bringing in more than $1.4 million in revenue per employee, according to the company.

"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," Pieter van der Does, co-founder and CEO of Adyen, said in a statement. "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."

Topics: Card Brands, Contactless / NFC, In-App Payments, Mobile Payments, Online Purchasing, Restaurants, Retail, Trends / Statistics

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