Silverflow raises $40 million to grow payments platform

Silverflow, the Dutch-based cloud-native payments processing company, has raised $40 million in a Series B Funding round led by Picus Capital. Also participating in the round were Rabo Investments – Corporate Venturing and existing investors Inkef, GPT, Crane, and Coatue. The investment will be used to accelerate global expansion, product development and a significant increase in staff globally. The firm aims to grow staff numbers by more than 50%.

Anne Willem De Vries, CEO and Co-founder of Silverflow, said: “This investment is a clear validation that the market is ready to move past the ‘legacy drag’ of outdated systems. We’re the only cloud-native company targeting this specific area, and this capital will ensure we cement our position as the new standard in payment processing globally. 

“It’s not just about raising money – It’s about having the resources to build the infrastructure that helps our customers, including acquiring banks, payment companies and commerce platforms, to move faster and grow bigger.

“We’re empowering our customers to simplify complexity, accelerate time-to-market and achieve exponential revenue growth. This investment confirms that our focus on un-fragmenting the global payments ecosystem is the right strategy for every company aiming for financial stability and global scale.”

Investment to propel existing growth

The funding comes after a solid year of growth for Silverflow. In 2025, it expanded its footprint across Europe, the US and APAC. In 2026, it is expected to reach the milestone of 1 billion annual transactions processed. Over the last two and a half years, Silverflow has increased the number of transactions processed from 180 a day to around 1.75 million.

That growth is a testament to the traction it is gaining in a market that is also growing. McKinsey estimates that the total Global Payments market will reach $3.0 trillion by 2029, with a CAGR of around 4%. Global Payments’ revenues will increase by around 3% per year over the same period.

Silverflow has an expanding roster of customers, including acquiring banks, payment companies, and high-growth commerce platforms operating across Europe, North America, and Asia-Pacific. Customers include Deutsche Bank, Bolt, Payabl, xpate and Buckaroo, among others.

The firm has about 85 employees and plans to grow to about 120. However, there is currently only one vacancy on its careers page, something that will likely change soon. It plans to expand its software engineering and product development teams primarily. One assumes it will also look to hire in sales and marketing as it intends to accelerate its expansion in North America and Southeast Asia.

It will do this by increasing its presence in New York. It may also open its first office in Southeast Asia, but did not reveal whether it will do so in the release. Other payment companies have opened in Singapore and it will be interesting to see whether it follows that trend.

Product Development Initiatives

Silverflow is set to enhance its product capabilities by introducing support for additional card networks, including China UnionPay and JCB. That will broaden its reach beyond its current partnerships with Visa, Mastercard, American Express, Diners, Discover, and several local debit networks.

Alongside this, the company will invest in developing new front-end tools and user interfaces, aiming to make its data-rich APIs more accessible to clients. Furthermore, Silverflow plans to expand its comprehensive offering to deliver improved support for in-store payments, strengthening its position within the payments ecosystem.

The Investment

Picus Capital is a deep-tech investor that has already invested in over 170 companies to date. It typically focuses on early-stage technology ventures in energy & climate, fintech, enterprise infrastructure & cybersecurity, genAI, and healthcare.

Florian Reichert, Partner at Picus Capital, said: “The payments infrastructure market is defined by monolithic, slow systems that stifle innovation. Silverflow has proven that a cloud-native, single-API approach is not just an alternative, but the inevitable evolution. 

“Its incredible growth rate, customer momentum and more importantly customer feedback, now approaching one billion transactions processed annually, demonstrate the urgent market need for a modern processor. After working with the team over the past years, we at Picus are proud to lead this Series B round and support Silverflow’s ambitious goal to become the most trusted processor in the world.”

Floris Onvlee, Director Corporate Venturing of Rabo Investments, said: “As an EU-based investor, we’re proud to support Silverflow as an European champion to continue its global expansion. We strongly believe that Silverflow can enable banks and other financial institutions to offer a competitive payment solution from a tech perspective.” 

Enterprise Times: What does this mean

Silverflow offers a cloud-based card payment processing platform that enables direct connections to card networks. It also provides real-time insights from enriched data sources via easy-to-use APIs. The platform delivers transparency and visibility across multiple payment methods for clients from a secure portal.

This investment will enable Silverflow to increase the integrations with other payment methods. It will enable customers to work with more payment partners globally and within their specific region. Its expansion into the US and Southeast Asia markets, where, alongside Europe, the fastest-growing and largest economies makes sense.

What will be interesting to see is how it plans to protect and expand its market share in a market that is getting congested. The funding will also help accelerate product development and keep it ahead of legacy platforms and rivals.

It will be interesting to see whether, by the end of the year, it has increased its headcount as it suggested, or whether it will make deeper investments in sales and marketing.

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