Rival to Worldpay, PayPal and Square said transactions on its platform doubled to 50B euros
Reuters
FRANKFURT (Reuters) - Adyen, one of Europe's biggest fintech start-ups, said on Thursday that annual revenue doubled to around 330 million euros ($360 million) in 2015, leading profits to nearly triple to 40 million euros compared with a year ago.
The Dutch company, a rival to Worldpay, PayPal and Square said transaction volumes running via its payments platform doubled to 50 billion euros, resulting in a tripling of profits thanks to mounting economies of scale.