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Turner Novak: WSJ questioned Adyen's legitimacy when it was backed by early investor

Turner Novak: WSJ questioned Adyen's legitimacy when it was backed by early investor
WSJ doubted Adyen at early stage

The Wall Street Journal did not believe that Adyen was a legitimate company when Asenkut decided to back it, according to details shared by Turner Novak. Novak recounts that Asenkut found Adyen after learning that Google and Meta faced major payment processing issues in countries like Brazil due to the complexity of the local financial system.

Turner Novak previously pointed out that mega funds have closed new rounds surpassing all first-time fundraising combined, according to his earlier reporting. He has also discussed meeting a family office that manages its portfolio with a 100-year perspective, as detailed in another post. These topics reflect Novak’s ongoing focus on strategic decision-making in investment circles.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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