RELEASE: Adyen authorizes the Moneybird accounting platform to offer financial services

(Information sent by the signatory company).

RELEASE: Adyen authorizes the Moneybird accounting platform to offer financial services

(Information sent by the signatory company)

Adyen completes the offer of the SaaS platform with issuance of cards, accounts and capital

AMSTERDAM, Nov. 29, 2022 /PRNewswire/ -- Adyen (AMS: ADYEN), the global financial technology platform of choice for leading companies, announces its software-as-a-service (SaaS) platform, Moneybird, as its newest customer which uses its recently launched suite of embedded financial products. Designed to simplify accounting processes for business owners, Moneybird facilitates accounting needs ranging from vendor onboarding to invoicing and VAT reconciliation. To further meet the business needs of its users, Moneybird has integrated Adyen's business and card issuance accounts, taking its offering from balance monitoring to fully integrated financial services. Moneybird users can now enjoy the synergies between accounting and banking, which go hand in hand to provide complete cash flow management.

Research conducted in partnership with the Boston Consulting Group (BCG) found that the majority of small and medium-sized businesses (SMBs) are interested in financial services integrated into one platform, indicating a promising opportunity for adaptable tools. Rather than dividing their focus among multiple partners, SMBs are seeking centralized solutions that simplify and streamline their day-to-day operations. To capitalize on this growing demand, Adyen's suite of integrated financial products was designed to help platforms provide superior financial services experiences to SMBs. Today, platforms such as SaaS providers and SMB hosting marketplaces can seamlessly integrate Adyen's Issuance, Capital and Accounts products into their users' daily workflows, creating a single destination for their activities. commercial.

"Moneybird is a fantastic example of the natural evolution that occurs between SMBs and the platforms they rely on to run their businesses," said Thom Ruiter, Adyen's vice president of banking and financial products. "In addition to integrated payments, the more personalized financial services a platform can provide, the more attractive they become to current and potential users. Adyen's integrated finance suite makes this possible through our unique integration, reducing complexity by removing third parties and separate integrations, Adyen is pleased to enable platforms like Moneybird to serve the needs of SMBs by also acting as their bank."

Adyen's innovative suite comprises cash advances, business bank accounts and card issuance. Across all products, Adyen facilitates the speed of financial services that is especially required by SMEs, which are often slowed down and underserved by traditional institutions. To learn more about how Adyen can enhance your marketplace, platform, or SaaS offering, visit Capital, Accounts, and Issuance.

About Adyen

Adyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. By providing end-to-end payment capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with companies like Facebook, Uber, H

Adyen's investment in its integrated finance suite and the percentages mentioned in this press release are supported by industry research conducted in association with the Boston Consulting Group. Learn more about their findings here.

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