Silverflow, a Dutch cloud-native fee processing firm, is accelerating its post-Sequence B enlargement after signing a brand new US buyer, growing headcount by greater than 20% and transferring into new headquarters to assist rising international demand.
The transfer comes simply two months after Silverflow closed a €37 million ($40 million) Sequence B in March, as covered by EU-Startups.
Anne Willem de Vries, co-founder and CEO of Silverflow, says: “Transferring into a brand new workplace is a kind of moments that makes progress really feel actual. Six years in the past , this staff was a fraction of the dimensions it’s as we speak. We would have liked extra space, extra desks and extra room to construct – and that’s precisely what we now have. That is what momentum seems to be like.”
“We’ve established ourselves in Europe and have already confirmed the energy of our platform with clients in markets across the world,” provides Anne. “The subsequent step is continuous to scale internationally and delivering on our mission to turn out to be the world’s most trusted fee processor.”
Based in 2019, Silverflow is a cloud-native answer with a single API to the cardboard networks. Their intention is to make use of their platform to cut back price and complexity, whereas being simple to make use of and data-rich.
Over the previous two and a half years, Silverflow says they’ve scaled from processing round 180 transactions per day to just about 2 million – a close to ten-thousandfold enhance and is now approaching one billion transactions on an annualised foundation.
The corporate’s subsequent goal is €85 billion ($100 billion) in annual fee worth processed.
That trajectory is being pushed by a rising roster of enterprise clients – together with Deutsche Financial institution, Bolt, payabl. and Buckaroo – spanning buying banks, fee firms and high-growth commerce platforms throughout Europe, North America and Asia-Pacific.
Anne provides: “Each rent we make, each sq. metre we add, is a direct response to what our clients are asking of us. They need sooner time-to-market, easier infrastructure and higher information. We will ship all of that as we speak, at scale, in markets the place legacy processors have been a bottleneck for years.”
The Silverflow product providing is actively increasing. Assist for China UnionPay and JCB is in growth, extending a community suite that already covers Visa, Mastercard, American Specific, Diners, Uncover and several other native debit networks.
Enhanced in-store fee capabilities and new front-end tooling are additionally underway.
Since saying its Sequence B spherical, the corporate has signed a brand new US buyer and gone reside with an present US consumer. Silverflow is actively pursuing additional progress throughout the US market whereas additionally increasing its presence in Southeast Asia, a area it views as one of many highest-growth and most structurally underserved in international funds.
