Temasek-Backed Startup Adyen Targets Asian Payments Expansion

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Bloomberg:

Adyen BV, a payments technology provider which counts Uber Technologies Inc. as a customer, is ramping up investment in the Asia-Pacific region to capitalize on surging adoption of e-commerce and mobile devices. The startup plans to double its Singapore workforce to 70 in the next 12 months, according to Chief Executive Officer Pieter van der Does. He expects the Asia-Pacific market to eventually account for 30 percent of revenue, up from about 10 percent of $727 million in sales reported in 2016.

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