|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||646.00 - 667.20|
|52-week range||410.00 - 758.90|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||115.36|
|Forward dividend & yield||N/A (N/A)|
|1y target est||580.53|
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
(Bloomberg) -- Lakestar has raised $735 million for its European investment funds, part of a wave of capital that’s fueling the continent’s venture capital scene.The money will be split between two funds with a third going to early stage companies and the rest to more mature “growth” companies, the firm said in a statement on Tuesday.This year has already seen Atomico, the London-based tech investment firm, raise $820 million for its fifth fund targeting European startups. Other significant new funds include Balderton Capital and Northzone, who raised a combined $900 million late last year.“Finally venture capital has become a profitable asset class of its own in Europe,” Lakestar founder Klaus Hommels said in an interview.The firm started raising the fund in 2018, people familiar with the discussions said at the time, the year that Stockholm-based Spotify Technology SA achieved a valuation above $25 billion with its direct listing on the New York Stock Exchange and Adyen NV raised about 947 million euros ($1 billion) in its June debut in Amsterdam.Hommels, an early backer of Spotify Technology SA, Facebook Inc. and Skype, founded Lakestar in 2013. The company now has offices in Switzerland and London, and recent investments include hotel data startup Impala and German-based Scoutbee and Sennder -- companies focused on supply chain and logistics.The money, which will be used to invest in early stage and growth companies, will be split among two funds. One third of the capital will be used to invest in early stage investments while the rest will be allocated to a fund investing in growth companies.Speedinvest GmbH, the Austrian venture capital firm, on Tuesday also announced that it has raised 190 million euros for its third fund, and is planning to invest in fintechs and in startups focusing on the industrial and health sectors.\--With assistance from Matthias Wabl.To contact the reporter on this story: Sarah Syed in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Amy ThomsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Adyen NV will process payments for tens of thousands of Subway Restaurant’s stores in the U.S. and Canada, under a deal with the fast-food chain announced Tuesday.Adyen Chief Operating Officer Kamran Zaki said in an interview that his company would help Subway process orders in more than 20,000 venues across North America, adding that the fast-food firm is one of the biggest in terms of number of locations. Adyen has already started processing Subway payments in some stores.The Dutch company is facing off with firms like San Francisco-based Stripe Inc. to sign on more merchants, positioning itself to bank a slice of customers’ transactions. EBay Inc. in 2018 announced it would ditch its longtime partner PayPal Holdings Inc. in favor of Adyen.The deal to process payments for orders in-restaurant, online and through the Subway app comes as Adyen signs on a growing number of customers in the food and beverage industry. Adyen in December said it’d clinched a deal to process McDonald’s Corp.’s mobile app transactions.“This is material and not a side project with a fantastic name,” Pieter van der Does, Adyen’s chief executive officer, said of the Subway partnership in an interview.As global e-commerce continues to rise and as merchants look to facilitate customers’ payments, Adyen’s shares have increased three-fold since its initial public offering in June 2018. The Amsterdam-based company offers merchants payment processing both online and in stores and in a variety of local currencies. Other customers include Uber Technologies Inc., EasyJet Plc and Birchbox Inc., according to its website.In a statement, Subway Chief Information Officer Mike Macrie said “Adyen’s payment platform will further allow Subway to bring the latest digital payment technologies to market,” as it continues its digital push to offer guests greater convenience.To contact the reporter on this story: Natalia Drozdiak in Brussels at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Nate LanxonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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The startup, which processes payments for Adidas, Deliveroo, and EasyGroup, said it expected to employ 600 people in London by the end of 2020.
Even if it's not a huge purchase, we think it was good to see that Ingo Uytdehaage, the CFO & Member of Management...
(Bloomberg) -- When Swedish banking firm Klarna became Europe’s most valuable financial technology startup last week, it was only the latest sign that digital finance has escaped the troubles afflicting legacy lenders.Its latest fundraising gave Klarna, which facilitates online installment payments, a $5.5 billion valuation. European fintech companies raised $3.3 billion in venture capital in the first half of 2019, up from $1.9 billion in the same period last year, according to data compiled by CB Insights. In contrast, an index of European Union banks has dropped 39% the past 18 months.“Investors are drawn to it because it’s the perfect blend of a huge, mature industry which, empowered by technology, can deliver vast returns, far in excess of what you see if you’re starting up out of nowhere,” said Ben Brabyn, chief executive officer of Level39, one of Europe’s largest fintech accelerators, in an interview.Here are a few other recent industry highlights and what to watch out for next.Fintechs Flout Brexit WorriesLondon fintechs defied the Brexit gloom that descended on the the U.K. Transferwise Ltd. announced a funding round in May that valued the eight-year-old company at $3.5 billion, up from $1.6 billion in 2017. A few weeks later, online bank Monzo closed a new funding round doubling the startup’s valuation to more than $2.5 billion. Meantime, Revolut Ltd., while being eyed by regulators for possible compliance lapses, expanded into stock trading. They weren’t all winners: shares of peer-to-peer lender Funding Circle Ltd. have plunged 65% this year.IZettle’s Surprise PayPal SaleIt was the midnight deal that surprised many -- PayPal Holdings Inc. purchased iZettle AB for $2.2 billion in May 2018 the night before the Swedish startup had planned to price its shares in an initial public offering. Stockholm-based iZettle competes with Twitter co-founder Jack Dorsey’s Square Inc., and Canada’s Shopify Inc.Adyen Soars After IPODutch payments processor Adyen NV hit headlines for two reasons last year. First, in February, it was announced the Netherlands-based firm would replace PayPal as EBay Inc.’s global checkout service. Then in June, it held a billion-dollar IPO and saw its shares surge 90% in the first day of trading. The company, whose clients include Netflix Inc. and Spotify Technology SA, is now valued at 20 billion euros ($22.4 billion)Worldpay’s $35.5 Billion DealAs one of the world’s biggest payments firms, Worldpay Inc. handles about $1 trillion annually -- similar to Chase Paymentech. When Fidelity National Information Services Inc. said on July 31 it’d completed its $35.5 billion acquisition of the company, data compiled by Bloomberg showed the combined business will be the world’s biggest in the processing and payments industry. It wasn’t a bad day for Ohio-based Worldpay, which less than two years earlier had been a British enterprise snapped up for 7.7 billion pounds ($9.3 billion) by U.S. merchant acquirer Vantiv.What’s Next?N26, the German mobile bank backed by billionaire Peter Thiel, announced in July it had extended its most recent fundraising round to $470 million, at a valuation of $3.5 billion. The company is expanding from Europe to the U.S., betting it can attract users from established lenders and credit card providers with free accounts, fewer fees and phone alerts.Other companies to watch include Revolut, which despite multiple run-ins with controversy remains exciting to investors after it held one of the biggest fundraising rounds for a European fintech last year, and app-based banks Monzo and Starling, which are attracting customers at a rapid clip.Further down the line is the U.K.’s online lender Zopa Ltd., which its CEO Jaidev Janardana said in July could potentially hold an IPO in 2021.“The valuations are encouraging but they’re not enough. They’re just an early indicator. The important numbers to watch are the customers,” said Brabyn. “We all need to step up to demonstrate the public value of what we do.”To contact the reporter on this story: Ali Ingersoll in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Nate Lanxon, James HertlingFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Swedish payments and banking firm Klarna became the most valuable European fintech startup after new funding pushed its post-money valuation to $5.5 billion.Klarna reached that status after raising $460 million in an equity round that will help it “continue its rapid rise in the U.S. market where it is currently growing an annual rate of six million new U.S. consumers,” the company said in a statement on Tuesday.With its new funding, the Stockholm-based startup leapfrogs European fintech darlings TransferWise and N26, which have recently been valued at $3.5 billion.Klarna helps online shoppers arrange financing at points of purchase, as well as provide merchants with payment tools. It challenges companies such as PayPal Holdings Inc., Square Inc. and Adyen NV, each of which has their own twist on facilitating commerce between sellers and shoppers.Dragoneer Investment Group led the raise, according to the statement. Other participants included the Commonwealth Bank of Australia, HMI Capital LLC, Merian Chrysalis Investment Co. and Sweden’s AP1 state pension fund, as well as accounts managed by BlackRock Inc. These additional investments follow the January announcement that the rapper known as Snoop Dogg had invested in the Swedish firm.Numis acted as exclusive financial adviser and placement agent to Klarna.To contact the reporters on this story: Ali Ingersoll in London at firstname.lastname@example.org;Niklas Magnusson in Stockholm at email@example.comTo contact the editors responsible for this story: Giles Turner at firstname.lastname@example.org, Nate Lanxon, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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AMSTERDAM, May 14, 2019 /PRNewswire/ -- Adyen (ADYEN.AS), the payments platform of choice for many of the world's leading companies, announced today that it has been selected by Uber to be its initial solutions provider for 3D Secure (3DS). "Uber is excited to be expanding our payments platform with Adyen.
British-based Crown Agents Bank said Thursday that it would acquire part of Segovia, an African-focused payment-software venture where Hoffman was the lead investor. Hoffman and other backers of Segovia will become minority shareholders in Crown Agents Bank, which is controlled by Helios Investment Partners.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Investors looking for stocks with high market liquidity and zero debt on the balance sheet should consider Adyen N.V. (AMS...