Surfboard Payments Secures SEK 30 Million in New Funding to Accelerate Growth and Product Expansion
Stockholm, Sweden – August 30, 2024 – Surfboard Payments is pleased to announce that it has successfully raised SEK 30 million in new capital in an oversubscribed funding round. The funding round, supported by both existing and new investors, will enable the company to accelerate its growth trajectory, expand its product offerings, and bring its innovative payment solutions to new markets more swiftly.
This fresh injection of capital marks a significant milestone for Surfboard Payments, reflecting strong confidence from the investment community in its mission to transform the payments landscape through cutting-edge technology and customer-focused solutions.
With these resources, we are well-positioned to accelerate our expansion
Accelerating Growth and Innovation
The new capital will be strategically utilized to enhance Surfboard Payments' existing portfolio of payment solutions, including its flagship products like CheckoutX SoftPOS and the API-based payment terminals such as SurfPad and SurfTouch. These funds will also support the company’s expansion into new geographic markets and the continued development of its state-of-the-art payment platform.
Christopher Lindfeldt, CEO of Surfboard Payments, expressed his enthusiasm for this milestone, stating, "This new funding is a testament to the robust demand for our payment solutions and the trust our investors have in our vision. With these resources, we are well-positioned to accelerate our expansion efforts and bring even more value to our customers and partners globally."
Exciting Times Ahead: Expansion and Innovation
As Surfboard Payments gears up to enter the UK market, the company is poised for exciting times ahead. The expansion into the UK represents a significant step in our broader growth strategy, aiming to tap into one of Europe’s largest and most dynamic payment markets.
Additionally, the funding will enable Surfboard Payments to enhance the addon capabilities, providing merchants with more tools to engage customers and drive repeat business. This includes leveraging our innovative tokenization technology and consumer-facing digital receipts to create personalized, data-driven marketing strategies.
Empowering Software Companies to Become Fintech Companies
One of Surfboard Payments' core goals is to empower software companies to transform into fully-fledged payment companies. By providing a comprehensive suite of white-label solutions, we enable our partners to integrate payment functionalities seamlessly into their existing platforms, maintaining their own brand identity while expanding their service offerings. Our platform supports a broad stack of payment solutions, including card-present transactions, online payments, and a variety of alternative payment methods, all accessible through a single, unified integration.
New Partnerships and Strengthened Offerings
The investment also positions Surfboard Payments to forge new strategic partnerships, expanding our network of collaborators across various industries. Our recent collaborations with leading players have already shown the potential of combined expertise to deliver unparalleled payment solutions. The fresh capital will empower us to build on these partnerships, bringing even more comprehensive and innovative solutions to our clients.
About Surfboard Payments
Surfboard Payments is a pioneering paytech company known for its innovation and excellence in the payment industry. Operating under the auspices of the Swedish Financial Supervisory Authority, Surfboard Payments offers a comprehensive payment platform for both card-present and online payments. Our solutions are designed to rethink the payment experience, offering value to partners, merchants, consumers, and payment institutes worldwide.