Dutch Fintech Adyen melts down
losing some 27% of market cap in a single day as revenue slows significantly. About a one minute read.
Comment: this is something we’ve often discussed on Fintech Flash News, Adyen is another firm lacking a clear USP. Let’s face it, there is nothing particularly innovative about payment processing. Without a clear USP you’re toast. About the only thing Adyen can do now is expand by acquiring competition, but I doubt they have the liquidity.
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