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Fortune
Fortune
Phil Wahba

How Adyen is trying to avoid a PayPal style slump

(Credit: Courtesy of Adyen)

For a co-CEO whose company's shares have fallen 62% since reporting disappointing earnings in August, Ingo Uytdehaage appears relaxed and sanguine when discussing the future of Adyen.

The Dutch payments company, which competes with the likes of Stripe and PayPal to allow merchants to accept card payments, has seen its yearslong hot growth moderate amid slowing consumer spend and growing competition. But Uytdehaage shrugs it off, arguing that big stock drops come with the territory when you're a tech darling.

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