Silverflow Secures €15 Million Investment for Global Expansion

Published 7 months ago

Silverflow, a revolutionary payment processing technology firm, has recently obtained a €15 Million investment. The funding round was spearheaded by Global Paytech Ventures, a group of industry specialists and payments experts. Other participants included Picus Capital, Coatue, Crane Venture Partners, Inkef, and numerous angel investors. The investment considerably surpasses the valuation from the Series A round in 2021.

The funding will accelerate Silverflow’s ambitious international expansion plans. The news follows the company’s official entry into the U.S. and APAC markets earlier this year. Post-expansion, Silverflow rapidly secured new customer contracts in these regions.

Global Paytech Ventures on Silverflow

Javier Perez, former CEO of Mastercard Europe and Founder & Managing Director of Global Paytech Ventures, expressed his delight over leading the funding round. He noted Silverflow’s unique potential in enabling both legacy and new market players to utilize a modern, secure, and efficient payments processing platform. Perez also extended his appreciation to the co-investors in the round.

Picus Capital’s Confidence in Silverflow

Florian Reichert, Partner and Managing Director at Picus Capital, shared his excitement about joining Silverflow’s journey. Reichert praised the team for their disruptive solution in the payment processing market. He expressed confidence in Silverflow’s continued growth and leadership in the sector, backed by strong customer feedback and expert validation of the company’s innovative product and superior technology.

Silverflow’s Innovative Approach

Despite several industry disruptors in the past decade, such as Adyen, Stripe, and Paypal, backend payment processing technology has remained largely unchanged. Recognizing the need for improvement, Silverflow founders developed a new approach. This innovative platform provides acquirers, PSPs, PayFacs, and large merchants access to all card scheme data and the most advanced functionality in a single, user-friendly platform.

Overcoming Skepticism

Silverflow’s biggest challenge has been convincing customers of the reality and effectiveness of their technology. Anne Willem de Vries, a representative of the company, shared that customers often find the technology too good to be true, having been used to the same technology for the past 30-40 years.

Silverflow’s Impact and Future Plans

In just four years, Silverflow has attracted some of the biggest names in Europe, North America, and APAC as customers, including Deutsche Bank, Transaction Services, Buckaroo, PAYABL, and others.

Following its strong establishment in Europe and North America, Silverflow plans to further its presence in these regions and aims to penetrate the LATAM and APAC markets.