Company Growth Buoyed by Enterprise MarketĪdyen focuses on processing payments for larger companies.
Lastly, we analyzed its mid-market segment and contribution to its total transaction volume and compared it against competitors. Based on a take rate assumption, we forecasted its revenue growth with our transaction volume projection. Moreover, examined its fee structure and compared it against competitors. In this analysis, we analyzed Adyen’s enterprise segment and its customers such as eBay as it transitioned to Adyen and projected its total transaction volume growth going forward. Lastly, we examined its expansion across the payment stack with card issuing for its merchants and estimated it to generate $20 bln in transaction volume for 1 mln cards issued translating to a revenue opportunity of $200 mln based on a 1% take rate assumption. Moreover, believed its partnerships with BNPL providers Afterpay ( OTCPK:AFTPF ), Klarna ( KLAR ) and Affirm ( AFRM ) could provide a transaction volume growth opportunity as the market was forecasted to grow at a 21% CAGR through 2027. We expected its transaction volume growth to continue to be strong as eBay transitioned to its platform and secured new customers. In our previous coverage of Adyen N.V., ( OTCPK:ADYEY) we examined its solid track record of gaining enterprise customers driving its transaction volume growth including Uber ( UBER), Spotify ( SPOT ), eBay ( EBAY ) and Microsoft ( MSFT ) as its North America segment grew 66% and outperformed its total company growth of 28%.
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