Cloud Payments Platform Lands $40M

The Series B round was led by Munich-based Picus Capital, with notable participation from Rabo Investments, the venture arm of Rabobank. Existing investors, including Crane Venture Partners, Inkef, Global PayTech Ventures, and Coatue, also contributed to the round. The founding team has deep roots in the payments industry, with CEO Anne Willem de Vries and Chief Business Development Officer Robert Kraal both being alumni of Adyen. De Vries previously led card acquiring and processing at Adyen, while Kraal served as the company's COO between 2010 and 2014. Silverflow's platform provides a single API connection directly to major card networks, aiming to replace the complex, outdated legacy systems that still dominate the payment processing landscape. This modern infrastructure provides clients like Deutsche Bank, Bolt, and Payabl with enriched, real-time transaction data. The company has demonstrated significant traction, growing its daily transaction volume from around 180 to nearly 1.75 million in the last two and a half years. Silverflow is now approaching a processing rate of one billion transactions annually. With the new capital, the Amsterdam-based company plans to increase its global workforce by over 50%, growing from 85 to approximately 120 employees, with a focus on software engineering and product development roles. Expansion plans are geographically focused on bolstering its New York office for North American growth and expanding its presence in Southeast Asia. On the product side, the funding will be used to add support for more card networks, including China UnionPay and JCB, and to develop new front-end tools to make its data-rich APIs more accessible. The company also intends to enhance its capabilities for in-store card payments.