Silverflow, located in Amsterdam, secures €15 million. Global Paytech Ventures’ team of payments specialists and veterans led this round. Several angel investors, Coatue, Crane Venture Partners, Inkef, Picus Capital, and several more took part at a valuation that was significantly higher than Series A in 2021.
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With this funding, Silverflow can speed up its ambitious intentions to expand globally. Following Silverflow’s official entry into the US and APAC markets earlier this year, the company quickly acquired new client contracts in these areas. This news follows that development.
Anne Willem de Vries, Co-Founder of Silverflow said, “Our biggest challenge has been getting customers to believe this technology is real, They often tell us it’s too good to be true. It’s hard to fathom that after utilizing the same technology for 30-40 years Silverflow has taken the time to build something better that solves these complex issues for our customers.”
A cloud-native structure, Silverflow can be set up on one card network and has a single API. One connection per platform. Silverflow’s user-friendly, data-rich, cost- and complexity-reducing features free you up to develop for your clients. Silverflow’s cutting-edge, cloud-based processing technology is upending the payment sector.
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 payments 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.”
lorian Reichert, Partner and Managing Director at Picus Capital, added: “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.”
Over the past few years, there have been a number of disruptive companies that have made significant technological advancements to the front end of the payments market. These companies, such as Adyen, Stripe, Paypal, and others, offer merchants creative and user-friendly solutions that enable them to take advantage of the newest payment options available.
With Silverflow’s cloud-based payment processing platform, payment providers are protected from the outdated legacy technology still in use today with a cutting-edge upgrade. In order to better assist their merchants, PSPs may now immediately add new functionality, get real-time visibility into transaction fees, obtain smart data straight from the networks, and directly access card networks thanks to Silverflow.