Netherlands-headquartered cloud-native payment processing firm Silverflow has secured a USD 40 million Series B funding round, with Picus Capital, a Germany-based deep-tech investor, leading the financing. Additional investors include Rabo Investments Corporate Venturing and existing backers Inkef, GPT, Crane, and Coatue.
Silverflow has processed over one billion transactions annually, marking significant growth from about 180 daily transactions to nearly 1.75 million per day in just under three years. Its customer base spans across Europe, North America, and the Asia-Pacific region, including notable clients such as Deutsche Bank, Bolt, Payabl., and Buckaroo.
Usage of funds and future plans
The company will utilize these funds to enhance its global presence by expanding in North America, particularly its New York office, and bolstering its Southeast Asian operations. It also aims to add over 50% more employees—increasing the workforce from around 85 to approximately 120—with a focus on software engineering and product development.
In terms of product enhancements, Silverflow plans to extend support for additional card networks, including China UnionPay and JCB, in addition to Visa, Mastercard, American Express, Diners Club, Discover, and various local debit networks. The company will also invest in front-end tooling to make its rich APIs more user-friendly and introduce improved support for in-store payments.
According to Anne Willem De Vries, CEO and co-founder of Silverflow, this investment underscores the market’s readiness to move beyond traditional payment systems. He sees it as a crucial step in building infrastructure that enables acquiring banks, payment companies, and commerce platforms to scale efficiently.
Florian Reichert, Partner at Picus Capital, highlights how Silverflow’s rapid growth and strong customer traction indicate a clear demand for modern processor solutions. He notes that the company’s cloud-native, single-API approach represents an inevitable evolution from legacy systems built on older technology stacks.
Floris Onvlee, Director of Corporate Venturing at Rabo Investments, emphasizes their pride in supporting Silverflow’s expansion as a European company and acknowledges how its platform offers banks and financial institutions a competitive technological edge in payment solutions.
Industry context
Operating within the card processing sector, Silverflow aims to cater to acquiring banks and payment companies that wish to replace or supplement their existing legacy infrastructure. The company’s innovative cloud-native architecture and single-API model position it as a viable alternative to traditional processors. As transaction volumes increase and there is growing demand for real-time data access, this distinction becomes increasingly relevant.
