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Adyen adds small-business credit to take share from banks, fintechs | PaymentsSource

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Adyen’s accumulation of merchant services now includes lending, as the Amsterdam-based firm rounds out its product mix to present itself as an alternative to financial institutions and U.S. payment companies.  

“For small businesses, success is closely tied to being able to access capital quickly. But this has not been historically easy within the traditional small-business banking model,” said Hemmo Bosscher, vice president of platforms and financial services at Adyen. 

Adyen last week debuted two financial services, Capital and Accounts, in the European Union, U.K. and U.S. Adyen faces competition from PayPal, Stripe and Square, along with merchant acquiring banks in all three regions, requiring a diverse range of products accessible through a single relationship.  

“Offering these sorts of products is table stakes at this point,” said Marco Salazar, director of payments at Javelin Strategy & Research. 

Adyen has added lending, shortly after upgrading its point of sale technology. 

Adyen’s Accounts offers users a venue to store and access funds, and pairs with another…

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