Can Europe’s Latest Tech Darling Keep It Up?

Pieter van der Does doesn’t resemble the stereotype of a Silicon Valley govt who favors massive parties and private jets. He spent decades cycling around Amsterdam on the motorcycle he was given in high college. R&R usually manner trekking along with his family, not jetting off to St. Tropez or Ibiza. On his manner to pitching, capability traders on the preliminary public imparting of his organization, Adyen NV, ultimate yr, the leader government officer filled his 6-foot body right into a educate seat for 6 hours, mortifying his banker. Company policy, he says.

Quiet, frugal, regular—this is the image Adyen delivered to traders, one which’s helped nearly double the difficult to understand Dutch company’s market value, to $21.8 billion, when you consider that its June IPO, unexpectedly ranking it amongst Europe’s hottest virtual agencies. If you’ve ridden in an Uber, subscribed to Netflix, or paid for Spotify Premium, there’s a good risk Adyen ran your card. The one beyond indulgence the CEO police officers to is mountain climbing, and he carries the classes with him. “There are unique reasons why you organized to climb in a certain manner,” Van der Does says. “It’s approximately no longer falling for the entice, that often climbers do, wherein you see a shortcut.”

 

What separates the agency from the likes of PayPal, Stripe, and Alipay in the $2 trillion virtual bills enterprise is that it’s a one-prevent keep. While different organizations handle just a link or in the convoluted chain shifting cash from customers to merchants, Adyen handles the complete technique, from checkout to fraud detection to handling Visa and Bank of America to ensuring sellers get paid. This we could the corporation technique extra transactions from existing customers at nearly no extra fee, says Jan Hammer, an accomplice at Index Ventures, an Adyen investor.

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