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Fintech Adyen’s Shares Jump as Sales Beat Estimates

Bank Innovation

Adyen NV reported a 54% rise in second-half net revenue, beating analysts’ estimates as the fintech darling continues to deliver on rapid growth. and Spotify Technology SA, posted €192.5 The Dutch company, which processes payments for Netflix Inc., million ($219 million) in net revenue for the six months ended December.

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Yandex, The Russian Google, Has 15-Minute Grocery Delivery 

PYMNTS

Russia’s biggest technology firm, Yandex NV, launched an online service that uses bike couriers to bring groceries to Moscow residents in 15 minutes, Bloomberg reported on Tuesday (Jan. The free service, called Lavka, stocks roughly 2,000 items and plans to operate as a digital convenience market for items like toothpaste and condoms.

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Adyen Shares Start Trading At 67 Percent Above IPO Pricing

PYMNTS

billion) for its investors in the biggest technology IPO in Europe so far this year. The company won’t receive any proceeds from the IPO, which implies a market capitalization of €7.1 Volatile stock markets and political uncertainty has made it challenging for other Europe-based companies to sell shares.

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Wall Street Investors Place Their Bets On Millennials

PYMNTS

When it comes to stock market picks, Wall Street investors are placing their bets on the buying power of the millennial generation. Alexander Captain of Cat Rock Capital Management introduced Netherlands-based Takeaway.com NV. Meanwhile, two other investors were focused on mobile food ordering.

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Samsung Snags Auto Parts Supplier Harman For $8B

PYMNTS

The big buy of the Connecticut-based firm instantly vaults Samsung into the world of automotive technology in a big way. Harman’s entry into the market — 63 years ago — was as an audio pioneer, though in recent years that has expanded under Dinesh Paliwal into a broader-based supplier relationship. s air-bag recalls.

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The Race For Online Grocery Shopping Heats Up

PYMNTS

The companies are testing the service in four California and Oklahoma markets, with an eye toward a national launch in 2021. Stop & Shop owner Ahold Delhaize NV announced plans earlier this week for putting more resources toward online shopping operations. Kroger’s digital sales shot up 92 percent in Q1, PYMNTS reported.

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Reimagine your business in the era of AI at Think 2018

Insights on Business

Faced with massively escalating data volumes, exponentially growing regulatory requirements, legacy risk and IT systems that just aren’t up to the new reality and increasing market pressure to improve performance, something has to change. Think is the event where the problems of tomorrow meet the minds of today.