Transcript
Introduction
Zack
This is Zack Fuss and today we are breaking down European based pay business, Adyen. Adyen was found in Amsterdam in 2006 by a group of payments entrepreneurs who had already built and sold a business in the space. Adyen was their chance to start a fresh and build a modern solution to displace the patchwork legacy system that merchants were being forced to use. To breakdown the business, I'm joined by Michael Willar, a portfolio manager at Stenham Asset Management. Our discussion covers Adyen's single platform solution in detail, the driving force behind their track record of profitable growth, and why payments isn't a winner take all market. Please enjoy this breakdown of Adyen.
A Bird's Eye View of Adyen and Payments
Zack
So today we'll be breaking down Adyen, a large payment processing business. Despite its nearly $70 billion US market cap, it's a business that's relatively unknown by American investors. I thought a great place to start would be just briefly explain the business from a thousand feet.