Cloud-native payments processing company Silverflow has raised $40 million (€37 million) in a Series B funding round as the company nears one billion transactions processed per year and prepares for a major global expansion.
The investment round was led by Picus Capital with participation from Rabo Investments as well as existing investors such as Inkef, Crane Venture Partners, Coatue Management and Global PayTech Ventures.
The funding will be used to accelerate Silverflow’s international growth, expand its product capabilities and significantly expand its global workforce as the company seeks to modernize its payments infrastructure, which has traditionally been dominated by legacy systems.
Founded to modernize the payment processing layer used by banks and fintech companies, Silverflow positions itself as the first fully cloud-native platform designed specifically for card networks.
Anne Willem De Vries, managing director and co-founder of Silverflow, said the recent funding reflects a growing move away from older processing technologies in the payments industry.
“This investment is a clear confirmation that the market is ready to overcome the legacy of legacy systems,” he said.
“We are the only cloud-native company targeting this specific layer of the payments ecosystem. This capital ensures we can solidify our position as the new global standard for payments processing.”
Unlike traditional payment processors that rely on decades-old infrastructure, Silverflow’s technology is built entirely in the cloud, allowing banks and payment providers to connect through a single API rather than a patchwork of systems.
The company says this architecture allows customers to launch new payment products faster, simplify operations and scale internationally without the technical complexities associated with legacy payment platforms.
Silverflow’s growth in the last two years is particularly notable. The company reports that transaction volume has increased dramatically since its early commercial launch.
Just two and a half years ago, the platform processed around 180 transactions per day. Today, that number has increased to nearly 1.75 million daily transactions, highlighting both the rapid adoption of its technology and the scalability of its cloud-based infrastructure.
On its current trajectory, Silverflow is approaching one billion transactions per year and expects to soon process more than $100 billion in payment volume per year.
The platform’s customer base includes acquiring banks, payment companies and fast-growing digital commerce platforms in Europe, North America and Asia Pacific.
Its customers include global financial institutions and fintech companies such as Deutsche Bank, Bolt, Payabl and Buckaroo.
The new capital will support a significant expansion of Silverflow’s workforce as the company advances its technology and product development.
Silverflow currently employs around 85 people, but plans to expand its global team to around 120 employees, an increase of more than 50 percent.
Recruitment will focus heavily on software engineering, product design and payments infrastructure specialists, areas considered critical as the company scales its technology platform.
Geographically, Silverflow intends to increase its international presence in several key markets.
In North America, the company will expand its operations in New York and strengthen relationships with acquiring banks and global trading platforms.
At the same time, the company plans to deepen its presence in Southeast Asia, where adoption of digital payments is growing rapidly and demand for modern processing infrastructure continues to rise.
Investors say the payments infrastructure market is undergoing a major transformation as financial institutions look to replace legacy systems with cloud-based alternatives.
Florian Reichert, partner at Picus Capital, said Silverflow’s growth shows strong market demand for advanced processing solutions.
“The payments infrastructure market is dominated by monolithic, slow systems that stifle innovation,” he said.
“Silverflow has proven that a cloud-native single API architecture is not just an alternative, but the inevitable evolution. The company’s growth and customer adoption show that the market urgently needs a modern processor.”
Floris Onvlee, head of corporate venture at Rabo Investments, added that the investment also supports the emergence of European fintech champions that can compete globally.
“As an EU-based investor, we are proud to support Silverflow as a European technology leader in its global expansion,” he said.
In addition to geographic expansion, Silverflow plans to expand the range of card networks supported by its platform.
The company is already integrated with major global card systems, including Visa, Mastercard, American Express, Discover and Diners Club International.
After the Series B investment, Silverflow plans to support other networks such as China UnionPay and JCB.
The company will also introduce new user interfaces and front-end tools designed to make its data-rich API infrastructure easier for developers and financial institutions to use.
These improvements will support new features for online and in-store payments and expand Silverflow’s role across the entire payment transaction lifecycle.
Silverflow’s long-term goal is to simplify the fragmented global payments ecosystem, where banks and fintech companies often rely on a complex mix of processors, gateways and card network integrations.
By providing a single cloud-native processing layer, the company hopes to enable financial institutions to adopt new payment features more quickly while improving reliability and transparency.
For De Vries, the latest round of financing not only represents financial support, but also a confirmation of the company’s strategy.
“It’s not just about raising capital,” he said. “It’s about having the resources to build an infrastructure that helps our customers move faster, simplify complexity and grow globally.”
As digital payments continue to expand around the world, investors expect companies that are able to modernize the underlying infrastructure to play an increasingly central role in the global financial system.
