Adyen vs Toast: Founders, CEOs and History
Adyen was founded in 2006 by Pieter van der Does, Arnout Schuijff and is led by Pieter van der Does and Ingo Uytdehaage. Toast was founded in 2011 by Aman Narang, Steve Fredette, Jonathan Grimm and is led by Aman Narang.
Company facts
Founders
Adyen
Pieter van der Does
Pieter van der Does co-founded Adyen in 2006 and serves as co-CEO. He led the company through its June 2018 Euronext Amsterdam listing and remains a member of the Management Board.
Arnout Schuijff
Arnout Schuijff co-founded Adyen and served as its Chief Technology Officer. He helped establish the technology platform built to replace fragmented payment systems.
Toast
Aman Narang
Aman Narang co-founded Toast in 2011 and held president and COO roles before becoming CEO on January 1, 2024, succeeding Chris Comparato. He is also a director of the company.
Steve Fredette
Steve Fredette co-founded Toast in 2011 and served as president, helping build the company's product and go-to-market organization through its growth and 2021 IPO.
Jonathan Grimm
Jonathan Grimm co-founded Toast in 2011 and served as its chief technology officer during the company's early years, leading development of the cloud platform.
CEOs and their tenures
Adyen
- Pieter van der Does2006–present
Co-CEO and Co-Founder
Co-founded Adyen, led it through its 2018 Euronext Amsterdam listing, and continues to oversee the company under the co-CEO structure.
Source - Ingo Uytdehaage2023–present
Co-CEO
Became co-CEO after serving as CFO and took responsibility for operations and product leadership.
Source
Toast
- Chris Comparato2015–2023
Chief Executive Officer
Led Toast through its 2021 IPO; co-founder Aman Narang succeeded him on January 1, 2024.
Source - Aman Narang2024–present
Co-Founder and Chief Executive Officer
Directs overall corporate vision, product architecture, restaurant partnerships, and public company leadership.
Source
Timeline: Adyen and Toast side by side
2006Adyen
Adyen founded in Amsterdam
A group of payments entrepreneurs including Pieter van der Does and Arnout Schuijff founded Adyen.
2011Toast
Toast Founded in Cambridge by MIT Endeca Alumni
Aman Narang, Steve Fredette, and Jonathan Grimm founded Toast to build cloud software for restaurants.
2012Adyen
North American office opened
Adyen opened its San Francisco office as it expanded its international merchant business.
2013Toast
Pivots from Mobile Consumer App to Full Restaurant POS
Pivoted to a complete cloud restaurant POS system, signing its first commercial restaurant in Cambridge.
2014Adyen
Growth investment announced
General Atlantic and Temasek joined existing investors in a $250 million funding round.
2015Toast
$30M Series B Led by Bessemer Venture Partners
Raised $30 million, crossing 1,000 restaurant locations and expanding regional field sales across the US.
2017Adyen
European banking license obtained
Adyen obtained a European banking license, expanding its ability to provide acquiring and settlement services.
2018Adyen
eBay payments partnership announced
eBay selected Adyen as a primary payments processing partner for its managed-payments transition.
2018Adyen
Euronext Amsterdam listing
Adyen began trading on Euronext Amsterdam on June 13, 2018 at an offer price of €240 per share.
2018Toast
$115M Series D at $1.4B Valuation & Launches Toast Go
Raised a $115 million Series D led by TCV and Tiger Global, reaching unicorn status, and launched the Toast Go handheld.
2020Toast
$400M Series F at $4.9B Valuation & COVID-19 Operational Pivot
Raised a $400 million Series F at a $4.9 billion valuation in February 2020, then cut about half its workforce in April 2020 as COVID-19 shut dining rooms.
2021Adyen
US banking branch launched
Adyen launched its US banking branch after receiving federal and state approvals.
2021Toast
Historic Initial Public Offering on the NYSE (NYSE: TOST)
Went public on the New York Stock Exchange, raising $870 million at an opening valuation of $20 billion.
2022Adyen
Embedded financial products expanded
Adyen introduced business accounts and capital products for platform customers in addition to issuing.
2023Adyen
Co-CEO structure established
Ingo Uytdehaage became co-CEO alongside Pieter van der Does after shareholder approval.
2023Toast
Expands to Canada, UK and Ireland; Crosses 100,000 Locations
Began selling outside the US and passed 100,000 restaurant locations.
2024Adyen
Annual processed volume exceeded ~$1.13 trillion (€1 trillion)
Adyen reported ~$1.45 trillion (€1.286 trillion) of processed volume and ~$2.28 billion (€2.015 billion) of net revenue for 2024.
2024Toast
Aman Narang Appointed CEO & Toast Achieves GAAP Profitability
Co-founder Aman Narang became CEO on January 1, 2024; Toast reported $19 million of GAAP net income for the year, its first annual profit.
2025Adyen
Net revenue reached ~$2.67 billion (€2.3642 billion)
FY2025 net revenue rose 18% to ~$2.67 billion (€2.3642 billion); processed volume was separately reported at ~$1.58 trillion (€1.3943 trillion).
2025Toast
Revenue Reaches $6.15B and Net Income $342M
Added a record 30,000 net locations to about 164,000 and processed about $195 billion in GPV.
2026Adyen
Talon.One and Orb acquisitions closed
Adyen completed both acquisitions on July 1, adding loyalty and incentives technology from Talon.One and enterprise billing from Orb.
2026Toast
About 180,000 Locations and $2.4B ARR by Mid-Year
Q2 2026 revenue rose 23% to $1.91 billion with a record 9,500 net location adds.
Acquisitions
Toast
- Delphi Display Systems2023Undisclosed
- xtraCHEF2021Undisclosed
- Sling2021Undisclosed
Questions about Adyen vs Toast
Who is the CEO of Adyen N.V. and Toast, Inc.?
Adyen N.V. is led by Pieter van der Does and Ingo Uytdehaage and Toast, Inc. is led by Aman Narang. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Adyen N.V. founded vs Toast, Inc.?
Adyen N.V. was founded in 2006 — 5 years before Toast, Inc., which was founded in 2011. Adyen N.V.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Toast, Inc..
How many employees does Adyen N.V. have compared to Toast, Inc.?
Adyen N.V. employs approximately 4,771 people, while Toast, Inc. employs approximately 6,500. Toast, Inc. has the larger workforce at 6,500 employees, compared to Adyen N.V.'s 4,771. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Adyen N.V. and Toast, Inc. headquartered?
Adyen N.V. is headquartered in Netherlands and Toast, Inc. is headquartered in United States. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded Adyen N.V. and Toast, Inc.?
Adyen N.V. was founded by Pieter van der Does, Arnout Schuijff. Toast, Inc. was founded by Aman Narang, Steve Fredette, Jonathan Grimm.
Which company has a longer operating history — Adyen N.V. or Toast, Inc.?
Adyen N.V. has been operating for approximately 20 years, making it the more established of the two companies. Toast, Inc. has been in operation for around 15 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Adyen vs Toast overview