Silverflow, an Amsterdam, Netherlands-based modern global payment technology company, raised $17 million in a Series A funding round.
The round was led by Coatue Management, with participation from Crane Venture Partners, INKEF Capital, Global Paytech Ventures, and angel investors Jason Gardner, Founder, and CEO of Marqeta, and Gokul Rajaram, a former Square product lead and current Coinbase board member.
The company intends to use the funds to grow the team from 24 to 70 people over the next two years, expand into the US, and strengthen its balance sheet.
Company: Silverflow B.V.
Round: Series A
Funding Month: December 2021
Lead Investors: Coatue Management
Additional Investors: Crane Venture Partners, INKEF Capital, Global Paytech Ventures, Jason Gardner, and Gokul Rajaram
Company Website: https://www.silverflow.co/
Software Category: Payment processing software
About the Company: Led by Anne Willem de Vries, CEO, and co-founder, Silverflow is a cloud-based platform that provides an upgrade and direct access to the card networks for payment services providers, merchants, and acquirers through APIs. Silverflow is an online platform for the worldwide processing of credit card transactions with a direct connection to various credit card networks, such as Mastercard and VISA. Silverflow provides insights into settlement information, including transaction costs and exchange rates used. Having launched the product earlier this year, Silverflow has attracted customers including Deutsche Bank, PayU, and IXOPay.