The technology will be launched in early 2021

Adyen daughter company gets €3M to disrupt payment industry. Source:?shutterstock.com

Silverflow has announced a €2.6 million seed funding round, Ecommerce News reports. This way, founded by Adyen company has now raised €3 million in total funding.

The funding round was led by Crane Venture Partners with participation from INKEF Capital and angel investors and industry leaders from Pay.On, First Data, Booking.com, and Adyen.

Silverflow was founded by Anne-Willem de Vries (who was part of Ayden’s cards acquiring team), Robert Kraal (former COO at Adyen), and Paul Buying (founder of translation startup Livewords).

The company says it will launch its card payments processing technology in early 2021. The fresh capital will be used to double its current team of five employees by the end of this year, adding new developers and a commercial director.

We’ve reported that Adyen?has announced?the rollout of the Giving product feature that enables its merchants to accept donations during online and in-store checkout process.

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