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|Day's Range||16.67 - 17.44|
|52 Week Range||12.63 - 19.70|
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While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Adyen, the payments platform of choice for many of the world's leading companies, today announced a partnership with Mexican restaurant chain Guzman y Gomez (GYG) in Singapore. A leader in offering payment solutions for the quick service restaurant (QSR) space, Adyen has been selected by GYG to provide a simpler, faster and more customer-centric in-restaurant payment experience.
European payments provider Adyen NV saw traction with cross-border spending and multi-channel commerce in the second half of 2019, helping send its shares slightly higher in Thursday trading.
(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) -- The number of venture capital firms with two or more female partners doubled last year to 14%, suggesting a cultural change is under way in one of finance’s most intractable all-boys’ clubs.Last year 52 women became partners or general partners at VC firms—a record, according to a soon-to-be-published study by All Raise, an advocacy group for women in venture capital and tech. The additions mark a significant shift as more firms add multiple women, helping address concerns of tokenism in an industry that is still overwhelmingly male dominated.“When firms double down, they are making an investment,” said Pam Kostka, All Raise’s chief executive officer. “People declare this a done deal and it’s not.”Since All Raise began tracking the numbers, the percentage of female decision makers in the venture industry has increased from 9% at the end of 2017, to 13% as of this month. The number of firms with zero women as partners is still a majority, however, despite some progress. At the end of 2018, 85% of firms did not have a single female partner. At the end of 2019, that number was 65%.Several of the industry’s top firms have now added two or more women to their leadership teams. Sequoia Capital, Lightspeed Venture Partners and Andreessen Horowitz all have multiple female partners with the power to write checks and serve on startup boards.Index Ventures—which has invested in companies including Adyen NV, Robinhood Markets Inc. and Slack Technologies Inc.—will soon join that list. Index is expected to announce the promotion of Nina Achadjian from principal to partner on Friday.Achadjian, a former Citigroup Inc. bond trader who did a two-year stint at Alphabet Inc.’s Google, joined Index as a principal in 2017. She built an investing thesis around enterprise software targeting small- and medium-sized businesses. She’ll join Sarah Cannon, who previously worked at Alphabet’s growth equity fund CapitalG, and who was Index’s first female partner.Achadjian says while she supports women’s advancement in venture capital, she’s eager to move beyond the gender debate and focus only on performance. “What I really care about is investment returns,” she said. The venture capital industry has met with both cultural and economic pressure to consider gender diversity. Morgan Stanley recently estimated that venture firms that fail to invest in women and other underrepresented minorities risk losing out on as much as $4 trillion. Meanwhile, more than 1,000 founders signed pledges to reject checks from investors if their teams are all male. Goldman Sachs Group Inc. last month announced it would no longer take companies public without at least one board director from an underrepresented group.Still, some minority groups remain woefully underrepresented in venture capital and have made few gains in recent years. Of the 52 women who became venture partners in 2019, only one identifies as African American or Latina, according to All Raise. She is Mercedes Bent, a former analyst at Goldman Sachs Group Inc., who joined Lightspeed Venture Partners last year. The small number of minorities is in part due to the anemic entry rates of black and Latino people in the industry—respectively making up just 0.67% and 3.22% of new venture employees between 2010 and 2015.“Venture capital is still a closed network, very much based on who you know,” said Kostka. “This is not a pipeline problem, this is about breaking people out of their existing circles.”All Raise collaborated with PitchBook and Crunchbase to collect the data, focusing on venture funds based in the U.S. with $25 million or more assets under management. Corporate, life science and health-care funds were not included in the results.(Updates with details on the women hired in the 10th paragraph. A previous version of this story was corrected due to an error in All Raise's original study with the number of women hired in venture capital last year. )To contact the author of this story: Lizette Chapman in San Francisco at firstname.lastname@example.orgTo contact the editor responsible for this story: Mark Milian at email@example.com, Anne VanderMeyAndrew PollackFor 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.
Adyen (AMS: ADYEN), the global payments platform of choice for many of the world's leading companies, announced today that it has been selected by Subway® as its payments partner for North America. Adyen will support Subway, the world's largest quick service restaurant by restaurant count, and its Franchise Owners in creating a simpler and more customer-centric payments experience in-restaurant, online and through the Subway App.
(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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