Silverflow has just secured $40 million in Series B funding as it continues expanding its cloud-native payment processing platform. The new investment will help the company scale its global presence, enhance product capabilities, and support growing demand for modern payment infrastructure.
The funding round was led by Picus Capital, with additional contributions from Rabo Investments and returning investors, including Inkef Capital, Crane Venture Partners, Coatue, and Global Paytech Ventures. This investment is noteworthy for the fintech startup as it nears one billion transactions processed yearly.
Silverflow was founded by veterans in the payment sector to innovate the card payment system by giving businesses fully cloud-native card payment processing. Instead of accessing payment networks through middlemen, Silverflow offers businesses an API to integrate directly with card networks.
In the last two and a half years, the company has greatly increased its daily transactions from about 180 to nearly 1.75 million. This reflects the increased demand for payment flexibility in the infrastructure. In fact, this demand is reflective of the current trends in the payments sector. Commercial banks, payment service providers, and banks are all on the market for payment systems that are able to process payments, analyze data, and create new payment functionalities in real time.
Building the Next Generation of Payments
With the recently acquired funding, Silverflow will be able to grow its international presence even more. They currently service clients all over Europe, North America, and Asia-Pacific and count Deutsche Bank, Bolt, Payabl, and Buckaroo as their clients.
They are looking to solidify their presence in North America, especially New York, and start operations in the rapidly digitally developing Southeast Asia, which will also provide them with a solid customer base.
The platform supports all major payment networks, which include Visa and Mastercard and is growing global payment acceptance for business. Silverflow is also focused on providing additional tools and interfaces that will enhance the use of their developer and payment provider APIs, and also expanding to allow in-store payments, which will enable more seamless payment processing.
CEO and co-founder Anne Willem de Vries believes that the investment is proof of the demand for modern payment systems and the urgent need for businesses to abandon the old systems to process payments.
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Fintech Industry Momentum
Silverflow’s latest funding illustrates the persistence of investor interest in the fintech sector and, in particular, infrastructure firms that underpin global digital payments. The growing e-commerce and digital banking industries will rapidly increase the need for adaptable payment processing systems.
Many payment systems in use today were designed decades ago and cannot meet the needs of today’s digital world. Silverflow, like all cloud-native systems, aims to improve the speed of implementation, data visibility, and overall system flexibility.
Silverflow combines modern infrastructure with a developer-centric approach. They strive to be a primary tech partner to banks, payment service providers, and global commerce platform providers.
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