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Fintech Adyen’s Shares Jump as Sales Beat Estimates

Bank Innovation

Adyen NV reported a 54% rise in second-half net revenue, beating analysts’ estimates as the fintech darling continues to deliver on rapid growth. and Spotify Technology SA, posted €192.5 The Dutch company, which processes payments for Netflix Inc., million ($219 million) in net revenue for the six months ended December.

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Yandex, The Russian Google, Has 15-Minute Grocery Delivery 

PYMNTS

Russia’s biggest technology firm, Yandex NV, launched an online service that uses bike couriers to bring groceries to Moscow residents in 15 minutes, Bloomberg reported on Tuesday (Jan. The free service, called Lavka, stocks roughly 2,000 items and plans to operate as a digital convenience market for items like toothpaste and condoms.

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Adyen Shares Start Trading At 67 Percent Above IPO Pricing

PYMNTS

billion) for its investors in the biggest technology IPO in Europe so far this year. The company won’t receive any proceeds from the IPO, which implies a market capitalization of €7.1 Volatile stock markets and political uncertainty has made it challenging for other Europe-based companies to sell shares.

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Israel Approves New Digital Bank

PYMNTS

The digital bank is led by entrepreneurs Marius Nacht of cyber security company Check Point Software Technologies , and Amnon Shashua of autonomous driving developer Mobileye NV. The Bank of Israel is green lighting a new digital bank — the country’s first new financial institution in decades.

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Israeli Cybersecurity Firm Lands $30M To Expand Into Vehicle Protection

PYMNTS

Upstream Security wants to leverage the software market to protect vehicles from cyber-carjacking. The digital bank is led by entrepreneurs Marius Nacht of cybersecurity company Check Point Software Technologies, and Amnon Shashua of autonomous driving developer Mobileye NV.

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Wall Street Investors Place Their Bets On Millennials

PYMNTS

When it comes to stock market picks, Wall Street investors are placing their bets on the buying power of the millennial generation. Alexander Captain of Cat Rock Capital Management introduced Netherlands-based Takeaway.com NV. Meanwhile, two other investors were focused on mobile food ordering.

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Retail Pulse: H-E-B Rolls Out New App; Jimmy John’s Launches Loyalty Program

PYMNTS

Texas-based grocery chain H-E-B , in one case, is rolling out a new app that the company says is one of many technologies that it will use “to enhance its digital services to better meet the evolving needs and expectations” of online and in-store customers. In Other Brick-and-Mortar Retail News. Albertsons Cos.,

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