Silverflow, a cloud-based payment processing technology company, has raised a substantial €15m investment.
This funding round was led by the experienced team at Global Paytech Ventures, marking a significant vote of confidence in Silverflow’s technology and business model. Joining the lead investor were several noteworthy participants including Picus Capital, Coatue, Crane Venture Partners, Inkef, and a group of angel investors.
Notably, the investment values Silverflow much higher than its Series A valuation in 2021, indicating strong market confidence and growth prospects.
At its core, Silverflow functions as a revolutionary payment processing platform. It’s designed to meet the demands of modern payment processing while being scalable for future needs. The platform is cloud-native and offers a single API connection to card networks, simplifying the payment process significantly. Silverflow’s unique selling point is its ability to disrupt traditional payment processing methods with its state-of-the-art technology, offering a more efficient and secure solution for acquirers, PSPs, PayFacs, and merchants.
The newly acquired funds are earmarked for accelerating Silverflow’s ambitious global expansion plans. Following its recent foray into the US and APAC markets, where it quickly secured new customer contracts, the company intends to deepen its presence in these regions. Furthermore, Silverflow is setting its sights on expanding into the LATAM and APAC markets.
Anne Willem de Vries, a key figure at Silverflow, shared a common customer sentiment, “Customers 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.”
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