Picus Capital, Coatue, Crane Venture Partners, Inkef, and several angel investors also participated in Silverflows investment round with a valuation substantially higher than Series A in 2021.
The investment will be used to fast-track Silverflow’s aggressive global expansion plans. This announcement comes on the heels of Silverflow’s official expansion into the US and APAC markets earlier in 2023, after which the company swiftly secured new customer contracts in these regions.
Officials from Global Paytech Ventures said that Silverflow presents a unique opportunity for enabling both legacy and new players of any kind to have access to deploy a modern, secure, and efficient payments processing platform to acquirers, PSPs, PayFacs, and merchants to enable them to outperform existing legacy players.
Also commenting on this capital raise, investors from Picus Capital said they are happy to join Silverflow's journey after having followed the company very closely since its seed round. The team has built a solution that is disrupting the payment processing market and they are convinced they will continue to be prominent in this space.
Over the last decade, the payments industry has experienced notable disruptions, with key players such as Adyen, Stripe, Paypal, and others introducing significant technological advancements to the front end. These innovations offer merchants user-friendly and innovative solutions to embrace modern payment options. However, there has been limited progress in enhancing backend payment processing, which continues to rely on technology that is nearly four decades old.
The Silverflow founders saw an opportunity to vastly improve the way payment processing was being done by creating a brand new approach that allows acquirers, PSPs, PayFacs, and large merchants to gain access to one platform that provides all card scheme data and innovative functionality, all in one easy-to-use platform.
The Dutch company’s officials said that one of their biggest challenges has been getting customers to believe this technology is real. It’s hard to comprehend that after utilising the same technology for 30-40 years, Silverflow has taken the time to build something better that solves these complex issues for customers.
Silverflow is a new kind of payment processing platform designed for modern payment needs and fit for the future. A cloud-native solution with a single API to the card networks and set up on one. One platform with one connection. Silverflow is disrupting the payment industry with cutting-edge, cloud-based processing technology.
Within since 2019, Silverflow has onboarded customers throughout Europe, North America, and APAC including Deutsche Bank, Transaction Services, Buckaroo, PAYABL., and more.
What’s next on the horizon for Silverflow? Since gaining a strong foothold in Europe and North America, Silverflow plans to continue expanding in these existing regions, while targeting the LATAM and APAC markets.
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