PR98425

AMSTERDAM, Oct. 24, 2022 /PRNewswire=KYODO JBN/ --

--The product suite enables a potential revenue uplift of up to 70% for

platforms and marketplaces

Adyen (AMS: ADYEN), the global financial technology platform of choice for

leading businesses, has broadened its offering by taking live two new embedded

financial products - Capital and Accounts - which are now available to platform

and marketplace businesses in the US and Europe via Adyen's single integration.

Research conducted in partnership with Boston Consulting Group finds that 64%

of small and medium-sized businesses (SMBs) are interested in financial

services embedded within a platform. To capitalize on this banking-as-a-service

opportunity, Adyen has developed an innovative suite of financial products

comprising cash advances, business bank accounts, and card issuing. Together

with embedded payments, these power the future of financial services by

enabling platforms to deliver superior financial experiences to their SMB

users.

Logo - https://mma.prnewswire.com/media/1490851/Logo__Adyen_green_RGB_Logo.jpg

"Platforms are at the center of a transforming financial services industry -

and Adyen is primed to further drive this revolution," said Adyen's co-founder

and CEO, Pieter van der Does. "Embedded finance is a logical next step

following our embedded payments offering. By historically investing in our

banking licenses and industry-leading technology, we have positioned ourselves

as the sole provider offering a full embedded financial product suite via a

single integration. From this vantage, we are excited to seize the opportunity

that banking-as-a-service brings."

Traditional financial services are stifled by legacy systems, reactive

approaches, slow approvals, and lack of vertical knowledge. These factors have

long resulted in the under-serving of SMBs, and lead to 65% of platform users

willing to switch financial services providers in favor of solutions better

integrated into their business processes. With Adyen's single integration,

platforms can meet this growing user demand by embedding financial services to

consolidate SMBs business and financial operations under one roof.

Adyen's embedded financial product suite offers a modular solution that brings

unparalleled control and customization options for platform business. With 94%

of SMBs interested in cash advance solutions stating they would benefit from

their loans being pre-approved, Capital enables platforms to proactively offer

business financing based on historic payments data. With 72% of SMBs valuing an

integrated bank account experience, Adyen's Accounts product allows users to

run their finances where they do business and get instant access to funds.

Going hand-in-hand with Capital and Accounts, Issuing completes the offering by

enabling users to easily spend their funds on platform-branded payment cards.

By adopting the suite, platforms can round out their offering and unlock the

capabilities of an end-to-end financial ecosystem.

Learn more about Adyen's new embedded financial products - Capital(

https://c212.net/c/link/?t=0&l=en&o=3684926-1&h=3672526373&u=https%3A%2F%2Fwww.adyen.com%2Fcapital&a=Capital

) and Accounts(

https://c212.net/c/link/?t=0&l=en&o=3684926-1&h=938262291&u=https%3A%2F%2Fwww.adyen.com%2Faccounts&a=Accounts

)

About Adyen

Adyen (AMS: ADYEN) is the financial technology platform of choice for leading

companies. By providing end-to-end payments capabilities, data-driven insights,

and financial products in a single global solution, Adyen helps businesses

achieve their ambitions faster. With offices around the world, Adyen works with

the likes of Facebook, Uber, H&M, eBay, and Microsoft. Adyen continuously

improves and expands its product offering as part of its ordinary course of

business. New products and features are announced via press releases and

product updates on the company's website.

Adyen's investment into its embedded finance suite and the percentages

mentioned in this press release are backed by industry research conducted in

partnership with Boston Consulting Group. Learn more about their findings here(

https://c212.net/c/link/?t=0&l=en&o=3684926-1&h=894118150&u=https%3A%2F%2Fwww.adyen.com%2Fknowledge-hub%2Fembedded-finance-report&a=here

).

SOURCE: Adyen Inc.

CONTACT: kayla.laduke@adyen.com