Silverflow, a cloud-native payments platform, has recently announced securing $40 million in Series B funding. The funding round was led by Picus Capital, an international venture capital firm, and was also supported by several existing investors. This new investment will help Silverflow to continue its global expansion and accelerate its growth as it approaches one billion transactions annually.
Silverflow, founded in 2019, has quickly gained recognition in the payments industry for its innovative approach to processing payments. The platform offers businesses a modern, cloud-based alternative to traditional payment processors, allowing them to streamline their payment processes and reduce costs. With its state-of-the-art technology, Silverflow is able to process payments faster and more efficiently, making it a popular choice for businesses of all sizes.
The recent Series B funding round is a testament to the success and potential of Silverflow. The company has already processed over 500 million transactions since its inception and is on track to reach one billion transactions annually. This impressive growth has caught the attention of investors, who see the potential for even further expansion and success.
Picus Capital, the lead investor in the Series B funding round, is known for its support of innovative and disruptive companies. The firm was impressed by Silverflow’s technology and vision for the future of payments. They believe that the platform has the potential to revolutionize the payments industry and become a key player in the global market.
With the new funding, Silverflow plans to continue its global expansion and strengthen its position in the payments market. The company has already made significant strides in this area, with a presence in Europe, the United States, and Asia. The additional funding will allow them to enter new markets and reach even more businesses around the world.
Silverflow’s cloud-native approach to payments has also proven to be beneficial during the ongoing COVID-19 pandemic. With more businesses shifting to online operations, the need for efficient and secure payment processing has become even more crucial. Silverflow’s technology has allowed businesses to adapt to the changing landscape and continue to process payments seamlessly.
The co-founders of Silverflow, Anne-Willem de Vries and Thijs Reijgersberg, are excited about the recent funding and the future of the company. They believe that the investment will help them to achieve their goal of becoming the leading cloud-native payments platform globally. They also express their gratitude to Picus Capital and all the investors who have shown their support for Silverflow’s vision.
In addition to the funding, Silverflow has also announced the appointment of a new Chief Financial Officer, Jurgen Ingels. Ingels brings a wealth of experience to the company, having previously served as the co-founder and CEO of several successful startups. His expertise and leadership will be invaluable as Silverflow continues to grow and expand.
The Series B funding round and the appointment of Jurgen Ingels serve as a strong indication of Silverflow’s potential and the confidence investors have in the company. With its innovative technology, impressive growth, and ambitious plans for the future, Silverflow is poised to become a major player in the payments industry.
In conclusion, Silverflow’s recent $40 million Series B funding round is a significant milestone for the company. It not only provides the necessary resources for global expansion but also serves as a validation of the company’s success and potential. With its cloud-native approach to payments and growing presence in the global market, Silverflow is well-positioned to become a leader in the payments industry.
