Invenda Group AG, the specialist in next-generation automated retail, has announced a new partnership with Adyen, the global financial technology platform.
The partnership furthers Invenda’s 360-approach to automated retail by incorporating a more efficient, streamlined, and cost-effective digital payments process. Adyen’s advanced technology will be incorporated to enable Invenda Wallet, a download-free web app that enables mobile shopping for consumers.
The new partnership closely follows Invenda’s $19m Series B funding round and will further develop the Internet of Retail (IoR) – a dynamic network of in-person and online financial technology systems. Through the full IoR-connected ecosystem of Invenda Platform solutions, Invenda partners are able to collect unprecedented data into the shopping journey, creating highly customised and engaging retail experiences for consumers while driving sales and insights for brands and operators.
“The automated retail industry has had an if-it’s-not-broken-don’t-fix-it mentality for too long and Invenda’s committed to leading the industry forward,” said Mark Crandell, managing director of North America at Invenda. “Layering these additional services into Invenda’s platform allows automated retailers to offer payment options that match today’s consumers’ expectations.”
“We couldn’t be more thrilled to team up with Invenda and bring our payment technology to the forefront of automated retail,” said Niklas Brüning, VP of business development at Adyen. “Together we share a common mission to push the boundaries of what’s possible. By combining our expertise in payment solutions with Invenda’s innovative approach, we believe we can help drive significant innovation and value for both operators and their customers.”