The 2016 Tech 50: Pieter van der Does

The Adyen president and CEO debuts on the Tech 50 ranking at No. 50.

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< The 2016 Tech 50

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50
Pieter van der Does
President and Chief Executive Officer
Adyen
PNR

After selling Bibit Global Payment Services to Royal Bank of Scotland Group in 2004, Pieter van der Does took a sabbatical in Brazil. “The total objective was to be bored,” says the 47-year-old Dutch entrepreneur. But he couldn’t resist planning another payments start-up, Adyen, which was launched in the Netherlands in 2006 and has grown rapidly as a service provider to Airbnb, Facebook, Netflix, Uber and other big names in e-commerce. “The first time around, we were doing payments with large companies,” says van der Does, who as Adyen’s president and CEO works closely with chief technology officer — and Bibit and Adyen co-founder — Arnout Schuijff. “We were an interface between the merchant and bank systems to make reconciliation smoother.” With Adyen “we started from scratch and did it in the way it should have been done, building the full stack ourselves,” van der Does explains. An e-payment processor with a global reach, Adyen invites comparisons with PayPal Holdings (see Dan Schulman, No. 29). But Adyen doesn’t work directly with consumers. Its mission is to help merchants efficiently and safely accept all forms of payment, ranging from credit cards to PayPal to government-issued vouchers. The company, which processed $50 billion in payments last year, is directly connected to MasterCard and Visa, so those transactions are faster, and their service levels higher, than if they were routed through an intermediary bank’s network, van der Does says. Adyen employs 400 and has 4,500-plus customers worldwide. With more than 40 percent of its merchants in the U.S., Adyen has had a San Francisco office since 2008; van der Does spends much of his time there, though his home base remains Amsterdam. The company, which in 2014 raised $250 million (valuing it at $1 billion-plus) from the likes of General Atlantic and Singapore’s Temasek Holdings, has received buyout interest, van der Does says, adding: “I always have the feeling that this is only the beginning. The market size is almost endless, the opportunity is so big, and the company is doing well, so why look for an exit?”

Visit The 2016 Tech 50: Making Financial Services Faster, Cheaper, Bigger for more.


The 2016 Tech 50

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1. Catherine
Bessant
Bank of America Corp.

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2. Jeffrey Sprecher
Intercontinental Exchange

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3. Lance Uggla
Markit

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4. Phupinder Gill
CME Group

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5. Shawn Edwards and Vlad Kliatchko
Bloomberg

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6. R. Martin Chavez
Goldman Sachs Group

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7. Robert Goldstein
BlackRock

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8. Adena Friedman
Nasdaq

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9. Deborah Hopkins
Citi Ventures

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10. Daniel Coleman
KCG Holdings

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11. Stephen Neff
Fidelity Investments

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12. David Craig
Thomson Reuters

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13. Michael Spencer
ICAP

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14. Michael Bodson
Depository Trust & Clearing Corp.

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15. Charles Li
Hong Kong Exchanges and Clearing

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16. Chris Concannon
BATS Global Markets

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17. Blythe Masters
Digital Asset Holdings

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18. David Rutter
R3CEV

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19. Neil Katz
D.E. Shaw & Co.

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20. Lee Olesky
Tradeweb Markets

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21. Richard McVey
MarketAxess Holdings

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22. Seth Merrin
Liquidnet Holdings

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23. Robert Alexander
Capital One Financial Corp.

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24. Brad Katsuyama
IEX Group

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25. Antoine Shagoury
State Street Corp.

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26. David Gledhill
DBS Bank

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27. Lou Eccleston
TMX Group

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28. Andreas Preuss
Deutsche BÖrse

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29. Dan Schulman
PayPal Holdings

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30. Scott Dillon
Wells Fargo & Co.

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31. Mike Chinn
S&P Global Market Intelligence

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32. Craig Donohue
Options Clearing Corp.

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33. Gary Norcross
Fidelity National Information Services

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34. Steven O’Hanlon
Numerix

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35. Sebastián Ceria
Axioma

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36. Michael Cooper
BT Radianz

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37. Tyler Kim
MaplesFS

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38. Neal Pawar
AQR Capital Management

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39. David Harding
Winton Capital Management

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40. Chris Corrado
London Stock Exchange Group

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41. Brian Conlon
First Derivatives

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42. Jim Minnick
eVestment

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43. Stephane Dubois
Xignite

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44. Mazy Dar
OpenFin

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45. Yasuki Okai
NRI Holdings America

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46. Kim Fournais
Saxo Bank

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47. Jock Percy
Perseus

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48. Robert Schifellite
Broadridge Financial Solutions

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49. Brian Sentance
Xenomorph Software

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50. Pieter van der Does
Adyen

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