KodyPay selects Adyen to offer embedded finance for the hospitality sector

By Gloria Methri

UK-based payment platform KodyPay has partnered with FinTech Adyen to gain access to enterprise grade financial technology. Adyen’s financial technology will support the growth of hospitality businesses by powering seamless payments, data analytics and frictionless finance.

The partnership builds upon existing work between the two firms following the trial of a QR code system launched in October 2021. The match of commercial strategy and technical development has led to an extended integration.

This has since enabled KodyPay to exceed $100 million annualised gross payment volume in only 5 months. A particular area of focus for Adyen and KodyPay’s next chapter includes improving access to financing for small businesses, with Adyen’s newly-launched embedded financial products.

“To share the same values and vision with a business partner is of the highest importance to us at KodyPay, it is essential for building a brand and a solution that propel us forwards and onto our ambitious growth journey,” said Yoyo Chang, Founder and CEO at KodyPay.

“As a trusted platform for many businesses, we want to support the hospitality industry to thrive with technology-enabled solutions that improve customer retention, loyalty and empower smart business decisions.”

KodyPay is an aggregated ordering and payments system built to create a better experience for customers beginning with restaurants, cafes, and takeaways. The platform brings together fragmented payments that can be difficult to manage, aggregating multiple tools for ease of the end-user.

Colin Neil, MD at Adyen UK said, “This partnership represents a culmination of a shared vision and mission between Adyen and KodyPay. When we launched Embedded Financial Products one of our driving forces was to be able to support SMEs with their business plans by offering innovative financial technology solutions via our marketplace and platform customers.”

“Our extended partnership means KodyPay’s customers will not only be able to access our embedded finance solutions, but also benefit from enhanced data and analytics that comes with our financial technology platform.”