Payments firm Adyen scores funding at $2.3bn valuation

Payments firm Adyen scores funding at $2.3bn valuation

An investment fund backed by some of Silicon Valley's biggest names, including Mark Zuckerberg and Jack Dorsey, has put money into Adyen in a deal that sees the Dutch payments processing firm valued at $2.3 billion.

Iconiq, a vehicle that acts for the likes of Sean Parker and LinkedIn co-founder Reid Hoffman, has invested an unspecified amount in Adyen, which processes payments for firms including Spotify, Facebook and Netflix.

The firm - which lets clients accept payments through more than 250 methods and in different currencies through its platform - processed $25 billion in payments transactions in 2014 and achieved over 100% growth in terms of revenue. It has recently begun looking beyond online to bricks and mortar stores.

The latest cash injection comes just nine months after General Atlantic led a $250 million funding round in the Dutch unicorn.

The firm's CEO, Pieter van der Does, told the FT that it had not been looking to raise more money, but: "If Iconiq wants to invest in you, you’re not going to say no. Iconiq is the most connected network in the Valley and it’s a massive vote of confidence that they have invested in us."

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