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December 17, 2021

Payments firm Silverflow rakes in $17m to drive expansion

By Shalini mani

Dutch payments technology outfit Silverflow has secured $17m investment in a Series A funding round led by Coatue Management.

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 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
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The round was joined by existing backers Crane Venture Partners and Inkef Capital along with Global Paytech Venture.

Marqeta founder and CEO Jason Gardner and former Square product lead and current Coinbase board member Gokul Rajara also participated in the fundraising.

Silverflow’s cloud-based platform offers payment services providers, merchants, and acquirers with direct access to card networks.

The Amsterdam-based firm plans to use the fresh funding to support its US expansion and to grow its team to support the product development.

Led by CEO Anne-Willem de Vries, CBDO Robert Kraal, and CTO Paul Buying, Silverflow’s current customers include Payment orchestration platform IXOPAY, Dutch paytech PayU and Germany’s Deutsche Bank.

Deutsche signed a global partnership with the firm this May to facilitate payment service providers across Europe and the US to accept debit and credit card payments via the Silverflow platform.

In October last year, the firm raised €2.6m in a seed funding round to support the launch of its card payments processing technology.

The round was led by UK-based Crane Venture Partner with participation from INKEF Capital and several angel investors.

Recent moves by other Dutch firms

In June this year, payment firm Mollie raised $800m at $6.5bn valuation to accelerate its efforts for international expansion.

The fundraising followed the firm’s entry into the UK market.

Last year, Adyen extended its alliance with Microsoft to roll out a new offering for payments tokenisation.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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