Adyen and Stripe both are technically payment processors and yet they are so different from each other.

Stripe saw $1.4 trillion in Total Payment Volume (TPV), growing 38% YoY, while Adyen wasn’t far behind with €1.29 trillion processed (+33% YoY). Adyen maintained its 50% EBITDA margin, while Stripe finally hit full-year profitability, proving its business model can scale. [link]

Adyen is designed for large enterprises with complex payment requirements, focusing on businesses that require multi-channel payment solutions for both online and offline transactions. Adyen is used by Ebay and Etsy for example.

Stripe, on the other hand, caters to businesses of all sizes, with a particular emphasis on small businesses, e-commerce, and tech-savvy companies looking for easy API integration.

Key difference between Stripe and Adyen remains that while Adyen has nailed the sales aspect of the business, Stripe has nailed the technical aspect.

Adyen is likely to remain a payment processor. Stripe will grow to be a behemoth like Google and Meta eventually if it is done right.

Either ways both companies are well suited for the the future of payments and likely to grow well and remain profitable. Though stripe hit profitability this year.