Dutch FinTech start-up Silverflow raises €15m
By Gloria Methri
Cloud-based payments platform Silverflow has secured a €15 million investment led by industry veterans and payments experts at Global Paytech Ventures. Picus Capital, Coatue, Crane Venture Partners, Inkef, and several angel investors also participated with a valuation substantially higher than Series A in 2021.
Silverflow is a cloud-based payments platform that provides direct access to the card networks for payment service providers, merchants, and acquirers. The investment will be used to fast-track Silverflow’s global expansion plans.
This announcement comes on the heels of Silverflow’s official expansion into the US and APAC markets earlier this year, after which the company secured new customer contracts in these regions.
Former Mastercard Europe CEO and Founder & Managing Director of Global Paytech Ventures Javier Perez said, “We are delighted to lead this round, raising €15 million cash. Silverflow presents a unique opportunity for enabling both legacy and new players of any kind to have access to deploy the most modern, secure, and efficient payment processing platform to acquirers, PSPs, PayFacs, and merchants to enable them to outperform existing legacy players. We would also like to extend a thank you to our fellow co-investors.”
Florian Reichert, Partner and Managing Director at Picus Capital said, “We are excited to join Silverflow’s journey after having followed the company very closely since its seed round. The team has built a best-in-class solution that is disrupting the payment processing market, and we are convinced they will continue to build the clear category leader in the space. We very rarely received such strong customer feedback and expert validation which underlines their innovative product vision and superior technology.”
Silverflow is said to be a unique payment processing platform designed for today’s payment needs and fit for the future. A cloud-native solution with a single API to the card networks and set up on one platform with one connection.
Silverflow is disrupting the payment industry with cutting-edge, cloud-based processing technology. Within four years, it has won some of the biggest names as customers throughout Europe, North America, and APAC including Deutsche Bank, Transaction Services, Buckaroo, PAYABL., and more.
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