Dutch payment processor Silverflow lands $16.3m funding
Silverflow, an Amsterdam-based payment processing technology company, has secured $16.3 million (€15 million) in a funding round led by Global Paytech Ventures.
Picus Capital, Coatue, Crane Venture Partners, Inkef, and a number of angel investors also participated in the round, with Silverflow claiming its valuation is now “substantially higher” than its Series A in 2021.
Launched four years ago, Silverflow operates a cloud-native payment processing platform that provides merchants, acquirers, payment service providers and PayFacs with a single API to all card networks on one platform, with customers across Europe, North America and APAC, including Deutsche Bank, Transaction Services, Payabl and more.
With the fresh capital, Silverflow aims to push through global expansion plans, targeting the LATAM and APAC markets, while increasing its foothold in its existing markets.
“Our biggest challenge has been getting customers to believe this technology is real,” says Anne Willem de Vries, co-founder of Silverflow.
“They often tell us it’s too good to be true. It’s hard to fathom 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 our customers.”