Dutch fintech Silverflow nabs €2.6 million to launch its cloud-native card payments platform in early 2021
Summary
Founded by long-time online payments industry veterans and seasoned startup founders CEO Anne-Willem de Vries (who was focused on card acquiring and processing at Adyen), CBDO Robert Kraal (former Adyen COO and EVP global card acquiring and processing of Adyen) and CTO Paul Buying (founder of acquired translation startup Livewords), Silverflow will launch its card payments processing technology in early 2021. Silverflow is made for payment service processors (PSPs), acquirers and global top-market merchants that are seeing €500 million – €10 billion in annual transactions. Whilst payments power the digital economy, existing backend processing technology is old, costly and inflexible – and ripe for reinvention. Silverflow’s founders are a powerhouse team of payments industry experts with a unique insight to building a product that transitions PSPs, acquirers, and merchants from inflexible legacy systems to a fully cloud-native modern architecture. Silverflow is the solution to bring innovation to the payments tech stack through intuitive card network connections and processing.