{"id":600517,"date":"2019-01-31T04:03:39","date_gmt":"2019-01-31T04:03:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/fintech-boom-moves-beyond-silicon-valley\/"},"modified":"2019-01-31T04:03:39","modified_gmt":"2019-01-31T04:03:39","slug":"fintech-boom-moves-beyond-silicon-valley","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/fintech-boom-moves-beyond-silicon-valley\/","title":{"rendered":"Fintech boom moves beyond Silicon Valley"},"content":{"rendered":"

Fintech boom moves beyond Silicon Valley:<\/b> A European fintech company is giving household names like Facebook and Twitter a run for their money when it comes to wealth creation, in a clear indication of the power of the rapidly-growing payments market. Dutch company Adyen NV went public in June of last year and since then its stock has nearly tripled and its CEO, CTO and former innovation director have all become bn\u2019aires, Bloomberg reports<\/a>. The former innovation director reportedly holds a 4.65% stake worth USD 1 bn.<\/p>\n

Fortune favors the bold:<\/b> With annual digital payments worldwide projected to grow at least 10% per year and approach 1 tn by 2021, there can be no doubt as to the importance of the market for consumers and investors alike. Adyen\u2019s value proposition, that it saves merchants mns of USD by streamlining card-payment transactions, was further underscored by early collaborations with Uber and Airbnb. Now, it is one of four tech firms (the others being US-based Paypal, Stripe and Square) that have cornered over three-quarters of the market.<\/b> All have had explosive growth trajectories in a sector that will clearly continue to boom.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fintech boom moves beyond Silicon Valley: A European fintech company is giving household names like Facebook and Twitter a run for their money when it comes to wealth creation, in a clear indication of the power of the rapidly-growing payments market. Dutch company Adyen NV went public in June of last year and since then […]<\/p>\n","protected":false},"author":1,"featured_media":600518,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9003],"tags":[72,183,125,3389,2397],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-reading","tag-enterpriseam","tag-fintech","tag-investment-watch","tag-silicon-valley","tag-worth-reading","wpautop","entry"],"acf":{"mongo_id":"57f85c20-1910-4a86-9527-1a4eb25e665d","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/1\/66.jpg","photo_position":"above","related_issue":[600491],"teaser":"","voice_url":""},"yoast_head":"\nFintech boom moves beyond Silicon Valley - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/fintech-boom-moves-beyond-silicon-valley\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fintech boom moves beyond Silicon Valley\" \/>\n<meta property=\"og:description\" content=\"Fintech boom moves beyond Silicon Valley: A European fintech company is giving household names like Facebook and Twitter a run for their money when it comes to wealth creation, in a clear indication of the power of the rapidly-growing payments market. 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Earlier this year, the government set up aEGP 1 bn (USD 57 mn) fund via the Central\u2026","rel":"","context":"In "Worth reading"","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/328.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625657,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/ksas-investments-in-silicon-valley-have-an-obvious-potential-for-disaster\/","url_meta":{"origin":600517,"position":3},"title":"KSA\u2019s investments in Silicon Valley have an \u201cobvious potential for disaster\u201d","author":"enterpriseam admin","date":"12 August 2018","format":false,"excerpt":"US tech meets Saudi investments is an unholy alliance, says the FT: US tech companies accepting Saudi investments has an \u201cobvious potential for disaster\u201d thanks to the \u201cglaring contradictions\u201d in the two sides\u2019 values, Tom Braithwaite writes for the Financial Times. 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