Several other firms, including Rabo Investments and Coatue, also participated.
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Over the last two and half years, the firm has seen rapid growth, moving from processing 180 transactions per day to nearly 1.75 million daily. Its current clients include Deutsche Bank and high-growth platforms like Bolt and Payabl.
The company aims to simplify the complex global payments ecosystem. According to Silverflow, many businesses struggle with fragmented technology when they try to scale internationally. Silverflow offers a cloud-native platform that uses a single interface to connect to card networks. This approach reduces costs and makes it easier for companies to access rich transaction data. Because the platform runs on AWS cloud infrastructure, businesses can expand into new regions with less technical effort.
With this new capital, Silverflow plans to increase its workforce by 50%, focusing on hiring software engineers and product developers to improve its core technology. The company also plans to strengthen its presence in North America and Southeast Asia, including growing its New York office to better serve the U.S. market. On the technical side, Silverflow will add support for additional card networks, including China UnionPay and JCB.
In 2023, Silverflow entered a strategic partnership with Atlanta-based Transaction Services (TRX). By using Silverflow’s technology, TRX offered U.S. merchants faster integrations and deeper data insights. These tools help merchants understand complex fees and manage different types of transactions more effectively. This includes everything from traditional point-of-sale systems to mobile and online payments.
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CEO Anne Willem De Vries said in the Thursday release that this strategy is essential for businesses seeking global scale, providing a modern, unified entry point for transaction processing. This allows businesses to launch in new territories without the usual technical delays.
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