Adyen is the silent giant behind money transfers worldwide – and one of the few Tech champions from Europe. The highly profitable model: very different from the US rival PayPal and Stripe. Now Co-CEO Ingo Uytdehage wants to expand a new segment.
If you are looking for Buzzword-Bingo, Ingo Uytdehage (52) is at the wrong address. “We don’t jump on Hypes immediately,” says the co-boss of Europe’s most valuable fintech in an interview with Manager Magazin. He prefers the quiet tones, prefers to work in the background – just like the silent giant, which he leads together with one of the co -founders, Pieter van der doeses (56): Adyen.
The Dutch payment group is the invisible handling behind billions of transactions worldwide. Anyone who completes a subscription at Spotify, books a journey at Uber or shops at Zalando, use Adyen’s systems at the cash register. Since its founding in Amsterdam in 2006, the company has become an international payment champion. Current stock market value: almost 50 billion euros-one of the 50 most valuable companies in Europe, almost in a league with the US rival PayPal.
Uytdehage is not enough to dispute the classic banks and earn a lot of money. He wants essential parts of the business customer market. “In ten years, small and medium -sized companies no longer need traditional banks,” he predicts. Entrepreneurs would then buy financial services such as payments, accounts or loans in the package with their business software that they use anyway. “We build the infrastructure for this. We see the future in this.”
You can read the whole story at Manager Magazin.
