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Dutch fintech firm Adyen first-half core earnings jump 79%

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Adyen , a Dutch fintech company that processes payments for online merchants inc...

FILE PHOTO: The Adyen logo is seen at the reception desk of the company's headquarters in Amsterdam, Netherlands, August 24, 2018. REUTERS/Eva Plevier/File Photo GLOBAL BUSINESS WEEK AHEAD

First-half core earnings at Adyen, which became one of Europe’s better-known fintech firms after a spectacular stock market flotation in June 2018, reached 125.8 million euros , up from 70.3 million a year before. Adyen’s pitch to its merchant customers is that it is able to juggle nearly any kind of payment shoppers may use, routing them quickly through its single platform with fewer errors than incumbent competitors.

Growth was “predominantly due to enterprise merchants already on our platform,” the company said in a letter to shareholders signed by CEO Pieter van der Does.

 

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