Silverflow, an innovative company revolutionizing payment processing technology, has successfully secured a substantial €15 million investment. Spearheaded by industry veterans and payment experts at Global Paytech Ventures, this funding round has garnered significant support from notable entities such as Picus Capital, Coatue, Crane Venture Partners, Inkef, and various angel investors. Notably, the valuation achieved surpasses the Series A benchmark set in 2021. This infusion of capital aims to propel Silverflow’s ambitious global expansion initiatives.
This milestone comes following Silverflow’s recent entry into the US and APAC markets earlier this year, swiftly followed by the acquisition of new customer contracts within these regions.
Javier Perez, the former Mastercard Europe CEO and Founder & Managing Director of Global Paytech Ventures, expressed enthusiasm, stating, “Raising €15 million cash, we are thrilled to lead this round. Silverflow offers a distinctive opportunity, empowering both traditional and emerging players to access the most advanced, secure, and efficient payments processing platform. This will enable acquirers, PSPs, PayFacs, and merchants to surpass existing legacy systems. We extend our gratitude to our fellow co-investors.”
Florian Reichert, Partner and Managing Director at Picus Capital, shared his excitement about joining Silverflow’s journey, noting, “We have closely followed the company’s growth since its seed round. The team has crafted a top-tier solution disrupting the payment processing landscape. We firmly believe they will continue leading in this sector. Exceptional customer feedback and expert validation underscore their innovative product vision and superior technology.”
The payments industry has witnessed substantial advancements at the front end by companies like Adyen, Stripe, and Paypal, offering user-friendly, innovative solutions. However, the backend payment processing, reliant on decades-old technology, has seen minimal improvement. Recognizing this gap, Silverflow’s founders envisioned a transformative approach, creating a novel platform granting acquirers, PSPs, PayFacs, and major merchants access to a comprehensive solution housing card scheme data and pioneering functionality in a single, user-friendly platform.
Anne Willem de Vries emphasized, “Our primary challenge has been convincing customers of the legitimacy of our technology. Many express disbelief, deeming it too good to be true. It’s a paradigm shift for clients accustomed to decades-old technology, yet Silverflow has developed a superior solution effectively addressing these complex issues.”
Silverflow represents a new breed of payment processing platforms tailored for present and future payment needs. It operates as a cloud-native solution with a unified API to the card networks, consolidating services into a singular, accessible platform. Its disruptive cloud-based processing technology is reshaping the payment industry landscape.
In just four years, Silverflow has onboarded prominent clients across Europe, North America, and APAC, including Deutsche Bank, Transaction Services, Buckaroo, PAYABL., among others.
Looking ahead, Silverflow intends to further consolidate its presence in Europe and North America while targeting expansion into LATAM and APAC markets.
For additional details about Silverflow, please visit www.silverflow.com.