Silverflow Secures $40M to Scale Payment Processing Amid Rapid Growth
Silverflow, a cloud-based payment processing firm, has secured $40 million (€37 million) in its latest funding round. The company has also seen rapid growth, now handling nearly 1.75 million transactions each day—up from just 180 two and a half years ago. The investment will fuel expansion, hiring, and product improvements as the business pushes into new markets.
The Series B round was led by Munich's Picus Capital, with contributions from Rabo Investments and earlier backers. Florian Reichert of Picus Capital highlighted Silverflow's impressive growth, strong customer uptake, and the pressing demand for modern payment solutions. Meanwhile, Floris Onvlee from Rabo Investments called the company a leading European player ready for global reach.
Silverflow plans to use the funds to strengthen its market position, expand its product range, and grow its team. The workforce will increase by over 50%, rising from 85 to around 120 employees, with a focus on software engineers and product developers. New tools and interfaces will also be introduced to make its data-heavy APIs easier to use. Geographically, the company will concentrate on North America through its New York office and build operations in Southeast Asia. While no further regions have been announced, the business is nearing one billion transactions processed annually. CEO Anne Willem De Vries stated that the investment confirms the industry's shift away from outdated payment systems.
The $40 million funding will help Silverflow scale its workforce, refine its technology, and deepen its presence in key markets. With transaction volumes climbing toward a billion per year, the company aims to set a new benchmark in payment processing. Expansion efforts will centre on North America and Southeast Asia for now.
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