Tag Archives: FIN

PR Newswire

Cloud-based enterprise software provider Eka to transform corporate treasury operations with a new, purpose-built, state-of-the-art solution

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– Eka acqui-hires banking and finance tech start-up Trxiea;

– Devanshu Bhatt joins leadership team as SVP, Treasury Solutions

NEW YORK, June 23, 2021 — Eka Software Solutions, a cloud-based enterprise solutions provider, announced today it has shored up a team of industry experts tasked with delivering a new solution to dramatically transform corporate treasury operations. This new business initiative will be led by Devanshu Bhatt, former India Head of ION’s Corporate Treasury Group. Eka also completed the acqui-hire of banking and finance start-up Trxiea Platforms and Solutions, whose highly experienced team will help accelerate the treasury solution’s time-to-market.

The strategic hires are part of Eka’s ongoing effort to expand its state-of-the-art cloud platform into a comprehensive multi-solution platform for global enterprises. The newly assembled team was curated to develop a purpose-built, cloud-native corporate treasury solution that provides CFOs with a complete, real-time view across their entire enterprise by unifying disparate applications across procurement, banking, financial planning, risk management.

Manav Garg, Eka Founder and CEO said, "We have a clear vision of building a robust treasury solution that joins the dots across the organization, so that CFOs can operate from one single, trusted source of truth, rather than trying to piece together information from disparate systems and departments. To do this, we have built a team of incredible subject matter experts, and we are extremely excited to translate our vision into a transformative product over the coming months."

A Best-in-Class Team

Devanshu Bhatt brings over 20 years of treasury and finance product management and development experience. Prior to ION, Devanshu led Product Development for Reval, ION Treasury’s cloud-based solution. Joining Bhatt is the highly experienced Trxiea team, co-founders Renju Balu and Dr. Trib Kharkwal who holds a Ph.D. in operations research.

Eka is a strong proponent of digitalizing critical business processes, as part of its ‘Mission Digital’ effort with an innovative solution-driven approach that delivers:

  • automated workflows to drive business resiliency;
  • simplified interface to support new ways of bringing employees, processes, and technologies together;
  • instant access to buyers and suppliers across the supply chain;
  • fast and flexible integration with pre-built connectors to ERP, CRM and Market data

About Eka Software Solutions

Eka is a global leader in providing innovative, cloud driven solutions that help digitize and improve business functions across supply chain and financial management. Read more at www.eka1.com .

Contact:
Sharmita Mandal
Head Global Communications
Eka Software Solutions
Sharmita.mandal@eka1.com

 

PR Newswire

Doo Prime Secured The Renewal of VFSC License In Continuation Of Seizing The Global Market

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PORT VILA, Vanuatu, June 22, 2021 — Doo Prime is pleased to announce that Doo Prime Vanuatu Limited has successfully renewed its financial dealer’s license from the Vanuatu Financial Services Commission (VFSC) to continue expanding international relations, and seize the global financial market. 

Doo Prime is pleased to announce that Doo Prime Vanuatu Limited success in the renewal of the financial dealer’s license from the Vanuatu Financial Services Commission (VFSC).
Doo Prime is pleased to announce that Doo Prime Vanuatu Limited success in the renewal of the financial dealer’s license from the Vanuatu Financial Services Commission (VFSC).

Doo Prime’s success in the renewal of the financial dealer’s license has demonstrated our dedication in complying with the higher standards of practice in the industry, while adhering to strict regulatory requirements in order to provide our clients with safe and high-quality services.

This year, the VFSC has adopted a more stringent approach in approving and renewing all licenses on financial services in an attempt to create a more rigorous financial and investment environment.

According to the requirements, companies must set up a local office, hire local directors, a compliance officer, an anti-money laundering officer, and appoint a third-party audit firm to conduct audits.

The number of financial services providers licensed by the VFSC declined from over 400 providers to only 124 providers remaining after screening, of which we proudly declare that Doo Prime Vanuatu Limited is one of them.

The VFSC financial license supports a variety of financial trading, namely, forex trading, commodity trading, securities trading, and so on.

With the support of the regulatory system, Doo Prime is able to continue providing clients with a variety of top-notch financial products, while further developing the advantages of product diversity.

Doo Group’s Exceptional Investment Environment

Currently, Doo Prime integrates a diversified range of financial products, including 60+ currency pairs, 300+ featured US and Hong Kong stocks, 10+ global spot indices, and commodities on CFDs.

Doo Prime is an international pre-eminent online broker under Doo Group. As a large financial services group with financial technology as its core, Doo Group has obtained financial regulatory licenses from several countries.

As of now, Doo Group has been strictly regulated by multiple financial regulatory agencies around the world. Some of our legal entities are regulated by the United Kingdom Financial Conduct Authority (FCA), the United States Securities and Exchange Commission (SEC), the United States Financial Industry Regulatory Authority (FINRA), the Mauritius Financial Services Commission (MFSC), and Vanuatu Financial Services Commission (VFSC).

For more information about Doo Prime, please contact us at:  
Phone:  
Europe: +44 11 3733 5199
Asia: +852 3704 4241
Asia – China: +86 400 8427 539
Website: www.dooprime.com 

 

PR Newswire

China Industrial Bank and 4Paradigm start AI platform acceleration mode Millisecond credit card transaction anti-fraud system is online

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BEIJING, June 21, 2021 — Recently, based on the low-threshold, automated AI platform created by 4Paradigm specialized for Industrial Bank, the Industrial Bank Credit Card Center launched a millisecond-level intelligent transaction anti-fraud system, has realized the automatic, intelligent and precise identification and control of credit card fraud risks, and provided credit card users with the most secure and reliable intelligent payment experience and protection.

In recent years, under the guidance of the "Science and Technology Revitalize" strategy, Industrial Bank has continued to increase investment in science and technology, combined emerging technologies such as AI with business development, promoted the transformation of business models, and continuously adopted risk management and control, precision marketing, and investment and financial management. Explore and practice business scenarios such as compliance and internal control, and comprehensively improve the level of intelligence and service quality of the banking business.

This time, the intelligent transaction anti-fraud system completed by 4Paradigm in the cooperation with Industrial Bank mainly relies on the full life cycle capabilities of 4Paradigm "Sage" platform, which can achieve milliseconds of security for credit cards of customers in a severe fraud risk environment. Level evaluation, thereby avoiding potential fraud risks, greatly improving the accuracy and processing efficiency of credit card center risk prediction, and realizing high-performance real-time fraudulent transaction detection.

At present, based on the combination of the machine learning model of the AI platform and the risk control rule engine, the Industrial Bank Credit Card Center takes only 20ms to process a single transaction, and 99.9% of the transactions can be completed within 50ms, which is accurate under the same recall rate. The rate can be increased by more than 5 times. In addition, 4Paradigm AI platform self-learning system can automatically perform model tuning, automatically optimize the results of the production system model on a monthly basis, and continue to improve the timeliness and effectiveness of the model.

In the future, the two parties will continue to use the AI platform advantages of 4Paradigm "Prophet Sage" platform, such as low threshold, full process, automation, and low TCO, to help the Industrial Bank credit card center to complete all aspects of risk, compliance, operation, and marketing. Intelligent upgrading, the layout of AI applications covering multiple core business scenarios, improving bank customer satisfaction and accelerating the growth of operating efficiency.

Website: www.4paradigm.com 
Contacts: April Zhao
pr_co@4paradigm.com 
+86-13021289422

PR Newswire

GLG Names Ramakrishnan (Rama) Adaikalavan Head of APAC

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NEW YORK, June 21, 2021 — GLG, the world’s insight network, today announced that Ramakrishnan (Rama) Adaikalavan will join the company as Head of APAC. He joins GLG’s global leadership team and will report directly to CEO Paul Todd. As Head of APAC, Adaikalavan will oversee all of GLG’s business serving leading corporations, professional services firms, and financial firms from ten offices across the Asia-Pacific region.

GLG is the world’s insight network, bringing decision makers the insight it takes to get ahead. GLG’s network of experts is the world’s largest and most varied source of first-hand expertise, with thousands of new experts recruited every week.

Adaikalavan joins GLG with extensive cross-APAC experience at prestigious global companies, most recently as Vice President and GM of Applications and Business Process Services at DXC Technology, a leading global IT services and solutions firm. He has also held senior executive roles at Hewlett Packard Enterprise Services, Hewlett Packard, and Electronic Data Systems. Born in Malaysia, Adaikalavan started his career in Australia and relocated to Singapore in 2010. He holds an MBA from the Australian Graduate School of Management and has recently completed an International Directors Program at INSEAD.

"Rama is an extremely savvy executive who brings deep commercial and frontline leadership experience and strong knowledge of the Asia-Pacific region," said GLG CEO Paul Todd. "I’m excited for him to bring that exceptional background to GLG as we continue to accelerate our growth across APAC and around the world."

"I’m thrilled to join GLG’s talented APAC team at a moment of strategic growth for the company," said Adaikalavan. "I’m looking forward to partnering with our experts and clients to continue to deliver an exceptional differentiated value proposition in the Asia-Pacific market."

Adaikalavan will be based in Singapore. He begins work today.

About GLG
GLG is the world’s insight network. We connect decision makers to the right experts so they can act with the confidence that comes from true clarity and have what it takes to get ahead. Our network of experts is the world’s largest and most varied source of first-hand expertise, and we recruit hundreds of new experts every day. We bring the power of insight to every great professional decision. Visit GLGinsights.com.

Contact: press@glg.it 

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Related Links :

http://www.GLG.it

PR Newswire

zkLink, the first Layer2 multi-chain integration DEX based on ZK-Rollup, will be launching

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LONDON, June 19, 2021 — zkLink, the first Layer2 multi-chain integration DEX based on ZK-Rollup technology, will be launching its testnet later this June. Aiming to link multiple chains in a user-friendly way, zkLink aggregates different ecosystems’ liquidity and makes it possible for native assets on different chains to interact and pair with each other.

zkLink, the first Layer2 multi-chain integration DEX based on ZK-Rollup, will be launching
zkLink, the first Layer2 multi-chain integration DEX based on ZK-Rollup, will be launching

About zkLink

zkLink connects separate Layer1 networks with a single Layer2 network so that tokens belonging to different ecosystems can be directly swapped with each other on this layer2, without an intermediate token. Users can swap their multi-chain assets simply with one click and will see the pairs that have never been seen before, such as CAKE-SUSHI, BNB-HT, USDT(ERC20)-USDT(BEP20), BUSD-HUSD, WBTC-BTCB, etc.

In the future, zkLink will support innovative DeFi scenarios such as cross-chain farming and the financialization of NFT, aiming to build a free market where assets in different formats can interact with each other and potentially capture higher values for holders.

To maximize product performance and optimize user experience, zkLink adopts zero-knowledge technology. Apart from unimpeded traffic and real-time transaction on Layer2, users can expect a negligible gas fee largely shared since hundreds of transactions are batched and compressed into one pack. Moreover, zkLink will refer to Uniswap V3 on concentrated liquidity so that capital efficiency could be increased by about 4,000 times in the following version.

Above all, security of assets is zkLink’s cornerstone. zkLink’s layer2 could achieve the same security level as Ethereum Layer1. The Layer2 network will generate zero-knowledge proofs of the off-chain state on a regular basis and upload them to respective Layer1 contracts for verification. In this way, the security of assets and transactions is guaranteed by mathematics rather than game theory and economic models, meaning that nobody, including the platform itself, is able to jeopardize the security of assets, and users are able to withdraw tokens losslessly under extreme cases.

zkLink v1 will support Ethereum, Binance Smart Chain, Huobi ECO Chain (HECO), and in the foreseeable future, will also be connected with other smart chains such as Solana, Polygon, Fantom, etc.

Designed to provide users with various scenarios of multi-chain assets, with user experience as friendly as CEX, zkLink is committed to creating a more convenient and secure trading environment and facilitating an unobstructed DeFi world.

PR Newswire

Senmiao Technology Announces Strategic Cooperation with the Top Online Ride-hailing Platform in China

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Company Continues to Establish Partnerships for its Ride-hailing Expansion Initiatives

CHENGDU, China, June 19, 2021 — Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China and an operator of its own online ride-sharing platform, today announced the signing of a cooperation agreement with a leading global platform for mobile transportation and local services (its "Partner"). Under the terms of the agreement, Senmiao will collaborate with its Partner to aggregate riders on their platforms. Senmiao has had a longstanding partnership with this Partner related to automobile transaction and related services since November 2018.

Under this cooperation agreement, the Company’s Partner will serve as a ride-hailing order aggregator for Senmiao. Senmiao will receive orders from riders utilizing its Partner’s online ride-hailing applications in certain cities, beginning with Chengdu. Once orders are received by its Partner, they will be distributed to registered drivers on Senmiao’s platform for viewing and acceptance. Senmiao will pay information technology service fees to a technology company cooperating with its Partner for each completed order based on a certain percentage of the value of the order.

Xi Wen, Senmiao’s Chairman and Chief Executive Officer stated, "We are thrilled to be collaborating with our long-term partner. Our focus has been on forging partnerships with major players in the space. Since our initial launch in October 2020, Senmiao’s online ride-hailing platform has seen impressive growth as we have expanded into additional cities with plans to launch in other major metropolitan areas where ride-hailing has become increasingly popular as a convenient and affordable mode of transportation. We are pleased to have the support of a major player in the space like our partner and look forward to this expanded partnership."

About Senmiao Technology Limited

Headquartered in Chengdu, Sichuan Province, Senmiao provides automobile transaction and related services including sales of automobiles, facilitation and services for automobile purchase and financing, management, operating lease, guarantee and other automobile transaction services as well as operates its own ride-hailing platform aimed principally at the growing ride-hailing market in Senmiao’s areas of operation in China. For more information about Senmiao, please visit: http://www.senmiaotech.com. The Company routinely provides important information on its website.

Cautionary Note Regarding Forward-Looking Statements 

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements (including those relating to the operation of Senmiao’s ride-hailing platform) are subject to significant risks, uncertainties and assumptions, including those detailed from time to time in the Senmiao’s filings with the SEC, and represent Senmiao’s views only as of the date they are made and should not be relied upon as representing Senmiao’s views as of any subsequent date. Senmiao undertakes no obligation to publicly revise any forward-looking statements to reflect changes in events or circumstances. 

For more information, please contact:
At the Company:
Yiye Zhou
Email: edom333@ihongsen.com
Phone: +86 28 6155 4399

Investor Relations:
The Equity Group Inc.                                                                       In China
Adam Prior, Senior Vice President                                                   Lucy Ma, Associate
(212) 836-9606                                                                                 +86 10 5661 7012
aprior@equityny.com                                                                        lma@equityny.com

© 2021 Senmiao Technology Ltd. All rights reserved.

Related Links :

http://www.senmiaotech.com

PR Newswire

Osome Raises a $16M Series A to Expand its AI-based Accounting Platform to Global Markets

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SINGAPORE, June 18, 2021 — Osome, a super-app that digitizes accounting and compliance services for SMEs, has raised $16M in a Series A funding from a group of investors including Target Global, AltaIR Capital, Phystech Ventures, S16VC, and Peng T. Ong, an angel investor. The capital enables Osome to expand its footprint internationally, as well as to fuel product integrations. 

"Back-office operations are annoying, tedious yet mission critical for businesses, especially for SMEs. Remarkably, an average entrepreneur spends 68% of their time to deal with routine tasks vs 32% to strategize and deliver on their long term goals. Osome combines artificial intelligence software with operational excellence to automate administrative, accounting, payroll and tax-related work and help entrepreneurs focus on what they can do the best – growing their business", Victor Lysenko, co-founder and CEO of Osome, says. "We strive to build a future where small business owners can fully rely on the technology in their administrative routine".

The demand for Osome services has accelerated with COVID-19 as clients recognized the importance of automation. This has led to more than 100% YoY revenue growth and $9.5M ARR with over 6,000 happy customers in Hong Kong, Singapore, and the UK. Additionally, the company has identified a product / market fit in the fast-growing e-commerce segment and will double down on it in the next 18 months. 

Osome’s core offering is online accounting services for SMEs, especially those involved in e-commerce — аccountants take over the documents and convert them into actionable numbers, tax filings and reports, making accounting and bookkeeping service for online sellers as simple as ever.

The company also helps with business set up and provides corporate secretary services — Osome checks compliance, tracks deadlines, files documents, and answers questions in a chat at any time of the day or week. The platform categorises and stores any documents users send, so nothing is lost, and then creates and files reports on time. 

"We have supported Osome since the early days and are excited to continue our partnership in the latest round. We are especially happy about the strong growth Osome has shown in the expanding e-commerce segment. Online Sellers require unique tools and custom approaches to be serviced effectively and Osome’s mix of technology and human expertise is the perfect solution", says Mike Lobanov, GP & COO of Target Global.

Media Contact:

Safiah Alias
safiah@osome.com
+65-6589-8807

PR Newswire

BCcard secures a strong foothold in Vietnam’s card payments market

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– BCcard acquired 100% stake in the Vietnamese No.1 bank POS terminal supplier

– Possessing software development capabilities on top of its distribution business… attaining high client satisfaction

– BCcard to provide convenient and stable services applying its advanced technology

SEOUL, South Korea, June 17, 2021 — BCcard (CEO Choi Won-Seok), the biggest card payment acquirer in South Korea announced that it has acquired a 100% stake in Vietnamese POS terminal distributor Wirecard Vietnam1 securing a strong foothold in Vietnam’s card payments market.

Wirecard Vietnam, which had been acquired by BCcard, has the largest market share in the country, supplying payment terminals to more than 40 major Vietnamese banks and electronic payment companies.

This company is not only engaged in the distribution business, but also possesses exceptional software development capabilities. The company achieves higher level of client satisfaction than other POS distributors operating in Vietnam as it develops and supplies customized POS solutions catering to clients’ specific needs.

Through the acquisition, BCcard plans to ▲ improve the competitiveness of Wirecard Vietnam services, ▲ provide integrated terminals that can accommodate various payment methods, and ▲ reduce costs through remote upgrading of the terminals.

In addition, by utilizing its vast know-hows and exceptional technology, BCcard plans to gradually enhance its service in order to provide various and convenient payment services to partners (banks and electronic payment operators) and customers in Vietnam.

President of BCcard Choi Won-Seok said, "In order to directly enter the Vietnamese market and secure stable business operations, we decided to acquire a 100% stake in Wirecard Vietnam." He also said, "We will strive to generate profits in various fields by diversifying our business structure, such as by entering overseas markets."  

Meanwhile, BCcard has been collaborating with various payment institutions such as NAPAS2, LienVietPostBank3, and Sacombank4 to digitize the Vietnamese payments market since 2017.

Also, BCcard has affiliated its payment network with numerous national payment companies to allow each nation can use their domestic-only card or payment service at the other country without any international brand.

1 Seller: Wirecard Singapore Pte Ltd., 100% ownership of Wirecard Vietnam
2 National Payment Corporation of Vietnam: Payment intermediary network operator under the State Bank of Vietnam
3 LienVietPostBank: Owns the largest number of bank branches in Vietnam and has an exclusive post office network.
4 Sacombank: Bank with the largest share of the credit card market in Vietnam

 

PR Newswire

Nium and Travelex launch new digital remittance offering in Hong Kong

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Travelex International Money Transfer aims to offer Hong Kong residents a faster and convenient method to transfer money overseas

HONG KONG, June 15, 2021 — Travelex, one of the market leading foreign exchange brands, alongside advanced global payments platform Nium, has today announced the launch of its new digital remittance offering ("Travelex International Money Transfer") to users in Hong Kong. Already live in Australia and Singapore, this digital remittance offering – powered by Nium’s global payment rails and real-time payment capabilities – enables Travelex users in Hong Kong to remit money to more than 50 markets across the world almost instantly[1]. 

 

Over recent years, Hong Kong has developed a diversified and inclusive payment ecosystem that enables residents to make instant domestic fund transfers via the Faster Payment System (FPS)[2]. However, cross-border payment remains to be a challenge given the long processing time and high costs involved, with the local government looking at ways to enhance and speed up its cross-border bank remittance services.

Cameron Hume, Managing Director, Travelex Asia Pacific said, "Expanding our Travelex digital suite to offer digital remittance services to users in Hong Kong is a natural next step for us. With social distancing measures still in place across the globe, we understand the growing need for customers to have access to faster and more convenient ways to transfer funds across borders. We are excited to offer this new service to Hong Kong users, providing them a seamless way to send funds abroad."

As part of this partnership, Travelex will leverage Nium’s Remittance-as-a-Service (RaaS) solution, which makes it easier for companies to become payment providers and offer remittance services on their own digital platforms. With RaaS, businesses are not required to build their own payment infrastructure. Instead, they can simply build their brand on top of an existing platform and leverage Nium’s extensive portfolio of regulatory licenses in over 40 countries. 

Prajit Nanu, Co-Founder and CEO of Nium, said, "At Nium, we understand the difficulties for businesses to introduce remittance services at scale. This is why our RaaS solution aims to make it more accessible for enterprises of all sizes to facilitate their own payment systems. With a thriving fintech scene in Hong Kong, we’re excited to introduce this remittance service to help boost the city’s status as a global financial centre."

A Travelex International Money Transfer mobile app will be launched in Hong Kong shortly. Travelex will also continue to expand its digital remittance offering to major markets in Asia Pacific in the coming months. Consumers in Hong Kong, Singapore, and Australia can now access Travelex International Money Transfer via their local Travelex website.

[1] In markets where Nium offers real-time services. For full details, please visit: https://www.nium.com/network/.

[2] A New Trend for Fintech – Cross-border Payment, HKMA, December 2020

About Nium

Nium is a next-generation financial services platform that enables companies around the world to unlock new revenue opportunities and improve cash flow economics. Nium is a leader in its geographical and payment service breadth, owning licenses in the world’s largest and fastest-growing economies. Our modular platform allows banks, payment providers, travel companies, and other businesses to collect and disburse funds in local currencies to over 100 countries, plus issue physical and virtual cards globally. Our proprietary set of APIs embeds financial services and can bring to life multiple B2B and B2C use cases in a matter of weeks.

Nium is part of CB Insights Fintech 250, which highlights the most promising Fintech companies globally. Today, Nium serves over 130 million customers and enables platforms to provide access to financial services to over 3 billion people across the world. For more information, visit: http://www.nium.com.

About Travelex

Founded in 1976, Travelex has grown to become one of the market leading specialist providers of foreign exchange products, solutions and services, operating across the entire value chain of the foreign exchange industry in more than 20 countries. Travelex has developed a growing network of over 900 ATMs and more than 1,100 stores in the some of the world’s top international airports and in major transport hubs, premium shopping malls, high street locations, supermarkets and city centres.

Travelex has built a growing online and mobile foreign exchange platform, and also processes and delivers foreign currency orders for major banks, travel agencies and hotels worldwide. In addition, the group sources and distributes large quantities of foreign currency banknotes for customers on a wholesale basis – including for central banks and international financial institutions. Travelex also offers a range of remittance and international money transfer products around the world.

For more information, visit:
www.travelex.com.hk 

PR Newswire

Adyen granted US branch license

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AMSTERDAM, June 15, 2021 — The US Office of the Comptroller of the Currency (OCC) has approved Adyen’s application to establish a Federal Foreign Branch in San Francisco, California. The OCC’s approval and its granting of the branch charter in combination with the Federal Reserve’s approval of the application on May 24, 2021 permits Adyen to commence operations as a Federal Foreign Branch. 

Obtaining this US branch license allows Adyen to enhance its US activities and operations in line with those conducted in Europe under its European banking license (obtained in 2017). Benefits include increased operational scalability via Adyen’s single platform and the ability to offer enhanced services to its merchants. 

"This license was a logical next step for Adyen, and one that has long been on the horizon," says Pieter van der Does, co-founder and CEO of Adyen. "I’m excited to see this positively impact our merchants operating in the US – we’re well positioned to help them grow."

This press release contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

About Adyen

Adyen (AMS: ADYEN) is the payments platform of choice for many of the world’s leading companies, providing a modern end-to-end infrastructure connecting directly to Visa, Mastercard, and consumers’ globally preferred payment methods. Adyen delivers frictionless payments across online, mobile, and in-store channels. With offices across the world, Adyen serves customers including Facebook, Uber, Spotify, Microsoft, Casper, Bonobos and L’Oréal. 

Important Regulatory Notice

This announcement is not for publication, distribution or release, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States of America and the District of Columbia), Canada, South Africa, Australia or Japan or any other jurisdiction where such an announcement would be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

Adyen’s securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration thereunder or pursuant to an available exemption therefrom. Neither this document nor the information contained herein constitutes or forms part of an offer to sell, or the solicitation of an offer to buy, securities in the United States.

This announcement is not an offer of securities or investments for sale nor a solicitation of an offer to buy securities or investments in any jurisdiction, including the United States, Canada, South Africa, Australia or Japan. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. No action has been taken that would permit an offering of securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. This announcement does not purport to identify or suggest the risks (direct or indirect) which may be associated with an investment in Adyen securities. Any investment decision in connection with Adyen securities must be made solely on the basis of all publicly available information relating to such Adyen securities.

This communication may be restricted by law in certain jurisdictions and persons receiving this communication should inform themselves about and observe any such restriction and must not under any circumstances forward this communication to any other person. Failure to comply with such restrictions may violate securities laws of any such jurisdiction.

Unsponsored ADRs: As of October 10, 2008, the US Securities and Exchange Commission (SEC) published revisions to Exchange Act Rule 12g3-2(b) which permits depository institutions to establish unsponsored ADR programs without the participation of a non-US issuer. Adyen NV does not consent to the establishment of any unsponsored ADR program, and further does not authorize, endorse, support or encourage the creation of any such unsponsored ADR program in respect of its securities. Adyen NV will not actively, directly or indirectly participate in the creation of any unsponsored ADR program. Adyen NV specifically disclaims any liability whatsoever arising out of or in connection with any unsponsored ADR program. Adyen NV does not represent to any depository institution or any other person, nor should any depository institution or any person rely on a belief that the website of Adyen NV includes all published information in English or that Adyen NV otherwise satisfies the exemption criteria set forth in Exchange Act Rule 12g3-2(b).

Related Links :

http://www.adyen.com