Adyen shares slide as payments giant’s transaction volume growth slows Adyen shares sank Thursday after the company reported a slowdown in the growth of its transaction volumes in the third quarter.

Plaid taps Adyen executive to lead its European operations U.S. financial technology firm Plaid has hired Brian Dammeir, a former Adyen executive, as its new head of Europe, the company told CNBC exclusively.

Stripe rival Adyen secures banking license in the UK Adyen has acquired a banking license in the U.K., which enables its merchants to offer cash advances to small and medium-sized enterprises in the country.

Europe’s Stripe rival Adyen saw $20 billion wiped off its value in a single day. Here’s what’s going on Adyen said that many of its North American customers are cutting back on costs to weather economic pressures, like rising interest rates and higher inflation.

Europe’s Stripe rival Adyen dives 28% after slowest sales growth on record Adyen reported revenue of 739.1 million euros ($804.3 million) in the first half of the year, up by 21% from 2022, but below analyst estimates.