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Ayden receives US$250 million in new funds for global expansion

Nurdianah Md Nur | Dec. 18, 2014
Investors include Singapore Temasek Holdings, General Atlantic, Index Ventures and Felicis Ventures.

Ayden — a startup based in Amsterdam that processes payments — has received US$250 million in new funds from a group of investors including Singapore Temasek Holdings, General Atlantic, Index Ventures and Felicis Ventures.

The new funds will be used to expand its operations globally, with a particular focus in North America and the Asia Pacific.

Ayden enables websites, such as Facebook and Spotify, and other merchants to accept credit card payments as well as transactions in almost 187 currencies. The firm has processed roughly US$25 billion in global payments this year, a 78 percent increase to that in 2013. It expects to process even more payments in future as the global e-commerce market is forecast to grow from US$1.5 trillion to US$2.4 trillion in 2018.  

 

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