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The company won’t receive any proceeds from the IPO, which implies a market capitalization of €7.1 Adyen offers payment processing for stores and online transactions — tasks traditionally controlled by major financial institutions, credit cards and some IT suppliers. Adyen stands outside that system.
The offers also included a capital increase of 700 million euros. Investors in the company include Bain Capital, Clessidra SGR and Advent International, who will all free float 35.6 billion euros, and the proceeds from the capital increase are going toward reducing that. The company’s debt stands at 1.7 billion euros.
Others participating in the funding included companies such as Goldman Sachs , Canaan Partners, F-Prime Capital and Lerer Hippeau and noted individuals, including Jacob Gibson, NerdWallet co-founder, and Jason Owen, senior vp at Credit.com. The agreement is designed to help small businesses grow through easy-to-access capital and financing.
The LTP team has been actively following the investment activities in FinTech around the world for the last three months (January, February & March) and it’s time to sum up.
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