UK Grants Banking License To Amsterdam-Based Adyen, Which Saw Recent Interest From Cathie Wood's ARK Invest
Dutch payment technology giant Adyen (OTCMKTS: ADYEY) nabbed a banking license in the U.K., enabling its merchants to offer cash advances to small and medium-sized enterprises there.
Adyen is used by several high-profile companies including Microsoft, Instacart and Subway as an all-in-one payment processor.